Human Well-Being Adversely Affected by Interest-Based Financing

Masudul Alam Choudhury
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Masudul Alam Choudhury: Sultan Qaboos University, Sultanate of Oman

Chapter 7 in The Universal Paradigm and the Islamic World-System:Economy, Society, Ethics and Science, 2007, pp 85-98 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:Interest, Debt and Human Ecology: Opening the DebateRiba/Interest Retards Economic Growth and DevelopmentDebt Cycle in the Global SceneDesired and contrary relations in dynamic basic-needs regimes of developmentThe case of basic-needs regimes of development with resource mobilizationImplications of debt cycle on factor utilization and sustainabilityDiagrammatic explanation of debt cycles between labor- and capital-intensive regimes of developmentThe Connection between Interest-Bearing Money and Environmental DestructionHow Would the Praxis of Unity of Knowledge of the Universal Paradigm Address the Environment-Economy-Society Problems?Characterizing the Production Menu in the E-O-O-E DynamicsConclusion: A Dialectical Question on the Search for the Principle of Pervasive Complementarities in the Light of the Universal Paradigm

Keywords: Islamic Theory of Knowledge; Philosophy of Science; Islamic Economics; Islamic Finance; Islamic Science and Society (search for similar items in EconPapers)
JEL-codes: F3 G21 (search for similar items in EconPapers)
Date: 2007
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