Foreword |
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xii | |
Preface |
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xvii | |
Acknowledgment |
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xxv | |
Introduction |
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xxvii | |
Overview |
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xxvii | |
Primary Objective |
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xxix | |
Contents of Chapters in this Book |
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xxx | |
The Phenomenological Construction of the Islamic Worldview of Unity of Knowledge: Money, Finance, and Real Economy Complementary Linkages by Epistemic Unity of Knowledge |
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xxxii | |
Conclusion |
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xxxv | |
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Chapter 1 How is God Studied in Relation to Science and the World-System? |
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1 | (31) |
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1 | (2) |
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The Problems of God, Man, and World-System Relations |
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3 | (5) |
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The Problem of Socio-Scientific Impossibility of Knowledge as Symbiotic Unity in the Old Paradigm |
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8 | (4) |
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12 | (1) |
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An Integrative Worldview of Organic Unity in the Socio-Scientific Model: God and Science |
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12 | (4) |
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From the Theme of God and the Socio-Scientific World-System to the Case of God and the Financial System |
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16 | (5) |
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The Technology and Cultural Impact on the Endogenous Learning Relationship in Money-Finance-Banking and Real Economy Ethico-Economic Synergy |
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21 | (2) |
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Endogenous Moral, Ethical, and Social Reconstruction with Cultural and Technological Forces Based on the Normative Epistemic Worldview of Unity of Knowledge: The Business/Banking Medium |
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23 | (1) |
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A Configuration of Cultural and Technological Endogeneity in Generating Socio-Scientific Unification |
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24 | (2) |
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Conclusion: Towards Integrating God with the Socio-Scientific and Cybernetic World-System |
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26 | (6) |
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Chapter 2 The Idea of God in Relation to the Social System: Banking as a Social System |
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32 | (33) |
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32 | (2) |
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Inquiry into the Uniqueness and Universality of the Monotheistic Law |
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34 | (11) |
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Universality and Uniqueness Properties in the Model of Epistemic Unity of Knowledge |
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45 | (3) |
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The Large-Scale Closure of the Universe in the Dimensions of Knowledge, Time, and Space |
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48 | (1) |
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Bringing God Back into the Financial and Banking System |
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49 | (7) |
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A Critical Comparative Review of the Issues of Social Justice and Social Injustice |
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56 | (2) |
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58 | (1) |
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59 | (6) |
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Chapter 3 The Moral Content of Monetary History |
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65 | (35) |
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65 | (1) |
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65 | (1) |
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Present Days' Semblances of Barter |
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66 | (2) |
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Concluding Remarks on Barter and the Concept of Value |
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68 | (2) |
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The Gold Standard with Asset-Backed Definition of Money |
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70 | (8) |
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Early History of the Gold Standard and Endogenous Money |
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78 | (7) |
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Contemporary Thought on the Gold Dinar and Islamic Money, Finance, and Trade Relations |
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85 | (4) |
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Abandonment of God in the Paper Money Banking System: Fractional Reserve Requirement Monetary System |
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89 | (4) |
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Conclusion: Convergence and Departure |
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93 | (7) |
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Chapter 4 Bringing God into the Banking System: Contrasting Meaning of Ethics in Socio-Scientific Reasoning |
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100 | (43) |
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100 | (2) |
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102 | (1) |
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103 | (10) |
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Social Justice in the Context of Divine Law and Rationalism |
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113 | (11) |
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Intergenerational Distribution of Morality and Ethics (Gauthier, 1986; Temkin, 1995) |
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124 | (5) |
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Amartya Sen on Ethics and Economics |
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129 | (4) |
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Kenneth J. Arrow and Social Choice with Irrelevant Preferences for Solving the Impossibility Problem |
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133 | (2) |
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135 | (8) |
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Chapter 5 The Moral Possibility of Islamic Banking System as Institution: Contrasting Cases |
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143 | (30) |
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143 | (3) |
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Sustainability in Terms of the Belief System Carried through Institution-Market Relationship |
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146 | (3) |
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Explaining the Zikr (Z), Pikr (P), Mikr (M) Relational Dynamics in the Interactive, Integrative, and Evolutionary (IIE) Learning Worldview of Epistemic Unity |
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149 | (3) |
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A Critique of the (Z,P,M)-Relations by the Interactive, Integrative, and Evolutionary (IIE) Learning Methodology of Epistemic Oneness in the World-System |
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152 | (3) |
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A Critique of Shareholder Model of Asset-Valuation by he Episteme of Unity of Knowledge in Figure 1 |
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155 | (1) |
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Returning to the Universality of the Monotheistic Law as Functional Ontology |
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155 | (3) |
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The Emergence of the IIE-Learning Worldview from the Qur `an and the Sunnah |
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158 | (2) |
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The Occidental Intellectual Predicament |
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160 | (1) |
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The Islamic Intellectual Predicament |
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161 | (3) |
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What is the Place of God in the Generalized Model of the World-System? |
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164 | (1) |
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Understanding Islamic Banking in the Generalized Theory of Epistemic Unity |
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165 | (2) |
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167 | (6) |
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Chapter 6 Corporate Social Consciousness and Responsibility with an Ethico-Economic Idea of Productivity and Efficiency |
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173 | (19) |
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173 | (1) |
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174 | (1) |
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174 | (1) |
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175 | (1) |
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The Nature of Socio-Scientific Argumentation |
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176 | (5) |
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181 | (11) |
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Chapter 7 Productivity Analysis in Ethically Induced Financing Environment: A Case Study of Indonesian Islamic Banks |
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192 | (27) |
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Background: The Neoclassical Impossibility in Measuring Productivity and Efficiency in Social Financial Environment |
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192 | (2) |
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194 | (6) |
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Production Menus in Ethically Induced Institutional Decision-Making and Social Choices |
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200 | (1) |
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200 | (1) |
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Explication of the Objective |
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201 | (1) |
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202 | (1) |
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203 | (1) |
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204 | (1) |
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Production Efficiency Measure |
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205 | (1) |
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Empirical Work, a Simplified Case Study |
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206 | (1) |
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207 | (2) |
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209 | (1) |
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Computation of Productivity Measures |
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210 | (1) |
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210 | (9) |
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Chapter 8 Financial Interest and Human Depravity: Emergence of the Theory of Interest from the Philosophical Roots of Occidental Epistemological Thought |
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219 | (29) |
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220 | (1) |
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The Reasoning Departing from the Nature of Dichotomy between Metaphysical and Naturalistic Types of Ethical Categories |
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221 | (1) |
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The Law of Financial Interest in Economic and Social Perspectives |
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222 | (1) |
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The Question of Bank-Savings, Capital Accumulation and Equity |
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222 | (2) |
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Repercussion by Expression (2) Effects |
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224 | (1) |
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Interest Rate Effects on the Rich and the Poor |
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225 | (1) |
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Interest Rate Regime Versus the Participatory Worldview Conception of Ethico-Economic Value |
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226 | (3) |
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Contrasting Models of Social Justice |
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229 | (2) |
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Representing the Asocial Nature of Relationship Between Social Participation and the Economic Postulate of Scarcity: The Rationalistic Quagmire |
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231 | (3) |
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Interest Rate and the Incidence of Poverty |
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234 | (1) |
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Other Theories and Models of Poverty Alleviation and Social Justice in Relation to the Rate of Interest |
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234 | (4) |
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Kelsonian and Alternative Economics for American Social Equality |
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238 | (1) |
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The Marxian Impossibility in Poverty Alleviation |
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239 | (1) |
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The Nature of Poverty and Poverty Alleviation in Reference to Interest-Based Financing Regime |
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240 | (2) |
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242 | (6) |
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Chapter 9 Social Reconstruction by Replacing Interest Rates with Trade Instruments |
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248 | (36) |
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248 | (1) |
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249 | (5) |
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Learning Relations Between the Human and Non-Human Worlds |
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254 | (2) |
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Bringing Back the Trade, Poverty Alleviation, and Wellbeing Interrelations |
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256 | (3) |
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Inferences Derived from `Estimation' and `Simulation' Aspects of Circular Causation |
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259 | (3) |
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The Micro- and Macro-Implications of Economic and Social Theory |
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262 | (4) |
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Explanation of Selected Terms |
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266 | (3) |
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Micro-Perspectives of Money, Fiscalism, Real Economy, Prices, and Poverty Alleviation |
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269 | (4) |
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Special Notes in the Micro-Money Systems of Equations of Exchange |
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273 | (2) |
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Unifying the Monetarism-Fiscalism Dynamics in the Simulation Model of Wellbeing |
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275 | (2) |
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277 | (7) |
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Chapter 10 Money, Price, Output, Interest Rate, and Factor Employment: Comparative Theory |
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284 | (23) |
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284 | (1) |
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The Mainstream General Equilibrium Model of Money, Prices, Goods, and Productive Factors |
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285 | (2) |
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Mathematical Deductions from the Pareto-Optimal General Equilibrium Result |
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287 | (3) |
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The Money, Price, and Output Relationship |
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290 | (2) |
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Milton Friedman's Version of Quantity Theory and Equation of Exchange |
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292 | (1) |
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Keynesian Monetary Relations Derived from Quantity Theory of Money, Output, and Prices |
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293 | (1) |
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294 | (2) |
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Money-Commodity-Money: M-C-M Theory Again |
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296 | (4) |
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Laissez Faire Theory of Money, Price, and Economy |
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300 | (2) |
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Conclusion: Is There a Convergence in a Theory of Money, Price, Output, and Employment? |
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302 | (5) |
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Chapter 11 The Future of Monetary Reform and the Real Economy: The Ethics of 100 Percent Reserve Requirement Monetary System |
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307 | (32) |
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308 | (1) |
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The Future of Monetary Reform and the Real Economy: A Problem of Trade vs. Interest |
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309 | (1) |
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309 | (1) |
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Zero Rate of Interest: A Necessary but Not Sufficient Instrument for an Islamic Economy |
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310 | (1) |
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Capitalization of Income Flows and the Rate of Interest |
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311 | (1) |
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The Position of Islamic Economics and Finance in Respect of Capitalization of Assets with Interest-Free Instruments |
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312 | (1) |
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The Money, Finance, and Real Economy Relationships in an Interest-Free Regime of Socioeconomic Change |
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313 | (3) |
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The Circular Causation between the Central Bank, Commercial Banks, and the Real Economy in the Midst of Money, Finance and Real Economy Relations |
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316 | (3) |
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A Simple Version of Financial Flows between the Central Bank, Commercial Banks, and Real Economy |
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319 | (3) |
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Central Bank Functions in 100% RRMS |
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322 | (1) |
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The Laissez Faire Concept of Money and Medium of Exchange in the Literature |
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323 | (1) |
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The Praxis of the Islamic Approach to Trade and Interest Relationship |
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324 | (1) |
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Extending the Arguments to the Open Economy Case |
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325 | (2) |
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Productivity Determined Exchange Rate in 100% RRMS with the Gold Standard |
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327 | (1) |
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The Functions of Money in 100 Percent Reserve Requirements Monetary System (100%RRMS) |
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328 | (2) |
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In the End: Functions of Money |
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330 | (1) |
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Conclusion: Inferences on the Islamic Alternative on Global Financial Crisis |
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330 | (9) |
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339 | (6) |
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339 | (1) |
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340 | (1) |
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Intra-System and Inter-Systems Evolutionary Epistemology (Radnitzky, Et Al., 1988) |
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341 | (3) |
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Addressing Social Issues in Systems and Cybernetics |
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344 | (1) |
Conclusion |
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345 | (4) |
Glossary |
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349 | (1) |
Compilation of References |
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350 | (18) |
About the Author |
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368 | (1) |
Index |
|
369 | |