Cover image for Universal Paradigm and the Islamic World-System : Economy, Society, Ethics and Science.
Universal Paradigm and the Islamic World-System : Economy, Society, Ethics and Science.
Title:
Universal Paradigm and the Islamic World-System : Economy, Society, Ethics and Science.
Author:
Choudhury, Masudul Alam.
ISBN:
9789812790835
Personal Author:
Physical Description:
1 online resource (184 pages)
Contents:
Contents -- List of Figures -- Acknowledgments -- Foreword by Burhanuddin Abdullah -- Chapter 1 Introduction -- 1.1 A Formal Definition of Universality and Uniqueness -- 1.2 The Need for Propositional Universality and Uniqueness -- 1.2.1 Economics -- 1.2.2 Science -- 1.2.3 Concluding on the need for universality and uniqueness from the examples -- 1.3 An Introduction to the Episteme of Unity of Divine Knowledge-Tawhid -- 1.4 Some Examples of the Tawhidi Application in This Work -- 1.4.1 Abolition of Riba (interest) by social participation -- 1.4.2 Circular causation and endogenous system relations -- 1.4.3 Technological change in the Tawhidi worldview to be studied -- 1.4.4 Economic application -- 1.5 Other Consequences of Tawhidi Epistemology to be Studied -- Chapter 2 Concept of Worldview versus Paradigm -- 2.1 Types of Paradigms -- 2.2 Thomas Kuhn's Structure of Scientific Revolution -- 2.3 Worldview-The Project of the Universal Paradigm -- 2.4 Is the Copernican Revolution Merely a Scientific Revolution or a Genuine Worldview?-Other Scientific Facts Questioned -- 2.5 Special Nature of Paradigm, Revolution and Worldview -- 2.6 Mainstream Economic Reasoning: Economic Rationality Based on Transitivity Axiom Criticized -- 2.7 Conclusion -- Chapter 3 Unity of Knowledge as the Worldview -- 3.1 Revolutionary Paradigm as Worldview -- 3.2 The Struggle to Establish the Universal Paradigm -- 3.3 Structuring the E-O-O-E Worldview of Unity of Knowledge -- 3.4 The Structure of Tawhidi (Oneness of God = Unity of Divine Law) String Relation -- 3.5 The Tawhidi Phenomenological Worldview: Tawhidi String Relation (TSR) -- 3.5.1 Proof of necessary condition in the necessary and sufficient conditions of TSR -- 3.5.2 Proof of sufficiency condition in the necessary and sufficient conditions of TSR.

3.5.3 Properties of the E-O-O-E Tawhidi structure in learning models -- 3.6 Characterizing the Project of the Universal Paradigm in TSR -- 3.7 A Brief Reference to "De-knowledge Dynamics" According to TSR -- 3.8 Conclusion -- Chapter 4 Human Consciousness -- 4.1 Further Topics in Epistemology -- 4.2 Relational Epistemology -- 4.2.1 Referencing the example of neuro-cybernetics in E-O-O-E model -- 4.3 Scientific Reductionism -- 4.4 The Neoclassical Economic Reductionism -- 4.5 Introducing the Principle of Pervasive Complementarities Contra Neoclassical Axiom of Marginal Rate of Substitution -- 4.6 ContrastingWorldviews of the Principle of Pervasive Complementarities and Marginalism -- 4.7 New Epistemological Thinking in Human Ecology -- Chapter 5 Islamic Economics and Finance: The Moral Basis -- 5.1 The Moral Law, Ethics and Human Experience -- 5.1.1 An example of the moral law and its cognition -- 5.1.2 A formalism in respect of the moral law and ethics -- 5.1.3 Ethics and the moral law -- 5.1.4 The example of financial interest (Riba) in the order of moral and ethical laws -- 5.2 Interest and Usury -- 5.3 A General Equilibrium Perspective of Interrelationships between Resource Expansion and Phasing Out of Interest Rates -- 5.4 Interest and Usury in Social Models -- 5.5 Introducing Poverty in the Riba Relation -- 5.6 Debt Financing Consequences of Interest on Poverty -- 5.7 Conclusion -- Chapter 6 Tawhidi Questions of Technology and Technological Change -- 6.1 On Technological Questions -- 6.2 A Social Context of Technology -- 6.3 Technology and Technological Change According to E-O-O-E Methodology -- 6.3.1 Case 1: User moved towards technology -- 6.3.2 Case 2: Technology moved towards user -- 6.3.3 Case 3: Causality between technology and productive usage -- 6.3.4 Combining case 1 and case 2 together with case 3.

6.4 Another Critical Example in Science and Technology in the Framework of Unity of Knowledge: Black Hole -- 6.4.1 The E-O-O-E interpretation of Black Hole phenomenon -- 6.5 Conclusion -- Chapter 7 Human Well-Being Adversely Affected by Interest-Based Financing -- 7.1 Interest, Debt and Human Ecology: Opening the Debate -- 7.2 Riba/Interest Retards Economic Growth and Development -- 7.3 Debt Cycle in the Global Scene -- 7.3.1 Desired and contrary relations in dynamic basic-needs regimes of development -- 7.3.2 The case of basic-needs regimes of development with resource mobilization -- 7.3.3 Implications of debt cycle on factor utilization and sustainability -- 7.3.4 Diagrammatic explanation of debt cycles between labor- and capital-intensive regimes of development -- 7.4 The Connection between Interest-Bearing Money and Environmental Destruction -- 7.5 How Would the Praxis of Unity of Knowledge of the Universal Paradigm Address the Environment-Economy-Society Problems? -- 7.6 Characterizing the Production Menu in the E-O-O-E Dynamics -- 7.7 Conclusion: A Dialectical Question on the Search for the Principle of Pervasive Complementarities in the Light of the Universal Paradigm -- Chapter 8 Problems of Economic Reasoning and the Islamic Panacea -- 8.1 Recasting the New Way to Economics and World-Systems in the Universal Paradigm of Unity of Knowledge -- 8.1.1 Criticism of neoclassical economics by the methodology of the Universal Paradigm -- 8.1.2 Evolutionary equilibriums: How to determine relative prices according to the principle of pervasive complementarities -- 8.1.3 Nature of goods and services in E-O-O-E framework of markets -- 8.1.4 The concept of efficiency, productivity and values in spiritual goods -- 8.1.5 Productivity concept in IIE-process methodology -- 8.1.6 Price extensions in IIE-process methodology.

8.2 The Impossibility of Macroeconomics Everywhere -- 8.3 Critique of Social Economics -- 8.4 Examples of Spiritual Goods in E-O-O-E Model -- 8.5 Conclusion -- Chapter 9 Problems of Financial Reasoning and the Islamic Alternative -- 9.1 Some Technical Issues Interrelating Money, Finance and Resource Mobilization -- 9.1.1 Demand for money -- 9.1.2 Supply of money -- 9.1.3 Quantity theory of money -- 9.1.4 Functions of money -- 9.2 Returning to the E-O-O-E Model for Explaining the Money, Finance and Real Economy Complementarities -- 9.3 Conclusion -- Chapter 10 The Illogical Basis of Interest Rates -- 10.1 A Philosophical Discourse Regarding the Rejection of Interest -- 10.2 Irrational Exuberance of Interest Financing -- 10.3 Flaws in Mainstream Financial Theory -- 10.3.1 Risk aversion (mainstream finance) -- 10.3.2 Risk aversion as risk diversification in the learning model of unity of knowledge -- 10.3.3 Adverse relations of interest rates -- 10.4 The E-O-O-E Implications -- 10.5 Circular Causality between the Interest-Driven Variables: Time-Value of Money is Untenable -- 10.6 Conclusion -- Chapter 11 Questioning Modernity by the Tawhidi Worldview -- 11.1 Modernity According to the Precept of Divine Oneness: A Methodological Summary -- 11.1.1 The dynamics of modernity according to the law of divine oneness -- 11.1.2 Learning stages and circular causation -- 11.1.3 Contrasting idea of modernity under the ethics of rationalism and its consequences on the evolutionary variables -- 11.2 Conclusion -- Chapter 12 Conclusion -- Glossary of Arabic Terms -- References -- Index.
Abstract:
Written by a contemporary pioneer in the area of the universal paradigm and Islamic world-systems, this book offers a fresh post-modernist outlook on new epistemological investigations in the universal paradigm. It addresses the problems of the unity of knowledge in learning systems, thereby invoking the foundations of Islamic epistemology. The author presents a phenomenological model of unity of knowledge in economics, ethics, science and society. Some critical areas where this model can be applied are also explored. As a foundational study on Islamic theory of knowledge covering the fields of Islamic economics, finance, science and society, the book will be valuable to researchers, practitioners and global academic institutions. Sample Chapter(s). Foreword (31 KB). Chapter 1: Introduction (59 KB). Contents: Concept of Worldview versus Paradigm; Unity of Knowledge as the Worldview; Human Consciousness; Islamic Economics and Finance: The Moral Basis; Tawhidi Questions of Technology and Technological Change; Human Well-Being Adversely Affected by Interest-Based Financing; Problems of Economic Reasoning and the Islamic Panacea; Problems of Financial Reasoning and the Islamic Alternative; The Illogical Basis of Interest Rates; Questioning Modernity by the Tawhidi Worldview. Readership: Postgraduate students, academics, libraries and international development institutions.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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