The gap between vain political rhetoric and sound socio-economic theory, between old and young, and the scale of social, cultural and financial challenges are troubling. However, most current PhD Programs in Economics are still preoccupied with the quantitative side of socio-economic issues and brush aside the crucial analysis of the philosophical foundations of societies, markets, or cultures. Thus, the quest is on for the foundation of a pioneering, interdisciplinary PhD program in Economics that not only bridges the vital elements of advanced social thought, legal theory and applied economics. SMCs individualistic approach to the subjects also offers the necessary means of integrating the insights of economic theory as a general logic of human action into ethics, knowledge transfer and other areas of social inquiry. This method proves congenial for an innovative doctoral program in Economics.
