Methodological dimension of Islamic economics:

"The theme of circular causation has nascent origin in the field of sociology of economics with vast development applications and with epistemological issues on modeling in the framework of the phenomenon of pervasive interconnectedness. Thus the sociological theme of epistemic unity of knowled...

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Bibliographic Details
Main Author: Choudhury, Masudul Alam (Author)
Format: Electronic eBook
Language:English
Published: Singapore World Scientific Publishing Company Pte Limited 2019
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Online Access:UBY01
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Summary:"The theme of circular causation has nascent origin in the field of sociology of economics with vast development applications and with epistemological issues on modeling in the framework of the phenomenon of pervasive interconnectedness. Thus the sociological theme of epistemic unity of knowledge grounds the theory and application of the theory and models of circular causation to the vast realm of socioeconomic development issues. The theory and application of circular causation has methodological similarities with Gunnar Myrdal's theory of social causation and Joseph Schumpeter's and Hayek's learning models of evolutionary phenomena. One can re-engineer many important works by sociological economists in and by the methodology of circular causation. Among these other important works are capabilities and functioning by Amartya Sen; John Rawls' evolutionary good society aspiring for social justice; adaptation of Ilya Prigogine's theory of being and becoming to social, economic and development phenomenon; and George Soros' theory of reflexivity in history and financial markets. The proponent of this book has pioneered the area of theory and application of circular causation extensively."--
Item Description:Mode of access: World Wide Web. - System requirements: Adobe Acrobat Reader
Physical Description:1 online resource (372 pages) illustrations
ISBN:9789813276024
9813276029

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