Unity of knowledge versus Kant's heteronomy with a reference to the problem of money, finance and real economy relations in a new global financial architecture

Masudul Alam Choudhury

International Journal of Social Economics, 2010, vol. 37, issue 10, 764-778

Abstract: Purpose - The paper aims to offer a new perspective casting original light on the foundational socio‐scientific argumentation premised on the application of the epistemology of unity of knowledge across contrasting shades of reasoning, to the problem of religion, science and society. Kantian epistemological reasoning is questioned within this argumentation. The specific case of money, finance and real economy is treated in the context of the epistemology of unity of knowledge contra Kantian problem of heteronomy. Design/methodology/approach - The comparative study of received literature in the history of epistemological thinking is applied to the issue of universality and uniqueness of theory and its application in the learning dynamics between organically complementary relations, called circular causation, to the ethical interdependence between money, finance and the real economy. The goal is to attain social and economic sustainability. Findings - A new epistemological outlook in occidental sciences is needed to repair its intrinsic dualism. Kantian thinking is instrumental in this structural flaw. Unity of divine knowledge as comprehended by functional ontological formalism in the deepest of scientific terms compromises the universal and unique alternative in “everything”. This claim has been formalised. Research limitations/implications - This is a theoretical exploration. Practical implications - Important global implications of the need for a new outlook of unity between monetary, financial and real economic variables are presented within the contrasting epistemological argumentations. The direction of such money‐real economy reform in the light of Islamic economics and finance is pointed out. Originality/value - This is an original conceptual paper, whose content argued out in rigorous scientific language of topological mathematics aims at showing the link between the epistemology of unity of knowledge and the world‐systems. The same is impossible in the Kantian worldview.

Keywords: Epistemology; Economics; Finance; Philosophy; Sciences (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eme:ijsepp:v:37:y:2010:i:10:p:764-778

DOI: 10.1108/03068291011070435

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