Problems of Economic Reasoning and the Islamic Panacea

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

Chapter 8 in The Universal Paradigm and the Islamic World-System:Economy, Society, Ethics and Science, 2007, pp 99-116 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:Recasting the New Way to Economics and World-Systems in the Universal Paradigm of Unity of KnowledgeCriticism of neoclassical economics by the methodology of the Universal ParadigmEvolutionary equilibriums: How to determine relative prices according to the principle of pervasive complementaritiesNature of goods and services in E-O-O-E framework of marketsThe concept of efficiency, productivity and values in spiritual goodsProductivity concept in IIE-process methodologyPrice extensions in IIE-process methodologyThe Impossibility of Macroeconomics EverywhereCritique of Social EconomicsExamples of Spiritual Goods in E-O-O-E ModelConclusion

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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