Religion and social economics (a systemic theory of organic unity)

Masudul Alam Choudhury

International Journal of Social Economics, 2016, vol. 43, issue 2, 134-160

Abstract: Purpose - – A methodological study of religion including moral, ethical, and social values and economics takes us into the search, discovery, and establishment of a formal epistemological premise. Social economics is now studied as a methodological investigation of evolutionary and embedded systems integrating the moral, social, and economic systems. Thus an integrated theory of religion representing the realm of moral and social values and economics is formalized. The paper aims to discuss these issues. Design/methodology/approach - – The author writes on the conjoint methodological perspective of the integrated domain of religion and economics. A formal ontology of the unified field of religion and economics is established in such an inter-causal and organically unified realm of moral, social, and economic values. A phenomenological model of the unified worldview that applies to a systemic concept of “everything” emerges. This methodology and the immanent phenomenological model relating to it convey the principle of inter-systemic organic symbiosis by a unique and universal worldview. Findings - – The systemic integration between religion and economics is formally studied within the immanent system methodology that formalizes inter-disciplinary symbiosis. The result is a new formal model of integration between religion and social economics. Research limitations/implications - – Empirical work can further expand the scope of the paper. Practical implications - – Immense social, ethical, and cross-cultural implications emanate from the study. Social implications - – The morality and ethical implications of religious values are imputed in the formal model and implications of the social economy. Originality/value - – The paper is of an original nature in establishing the episteme and formalism of integration between ethical and moral values of religion into the structure of the social economy. From this both a theoretical rigor as well as logical formalism can be drawn.

Keywords: History of political economic thought; Economic philosophy/theory; Critical theory; Common good; Global political economy; Deontology (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:eme:ijsepp:v:43:y:2016:i:2:p:134-160

DOI: 10.1108/IJSE-04-2014-0066

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