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Economics - History of Economic Thought | Comparative Economic Theory - Occidental and Islamic Perspectives

Comparative Economic Theory

Occidental and Islamic Perspectives

Choudhury, Masudul Alam

1999, XVI, 366 p.

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  • About this book

Comparative Economic Theory: Occidental and Islamic Perspectives seeks first to elucidate the nature and methodology of Islamic political economy as a process-oriented social economy guided by its cardinal epistemology of Oneness of God (Divine Unity). From this premise is then derived the episteme of unification of knowledge upon which is developed the methodological content of an extremely interactive, integrative and revolutionary world-view of political economy and a meta-theory of the socio-scientific order. Secondly, while laying out the building blocks of Islamic political economy and its much wider methodological implication for the socio-scientific order, this book offers a comparative study of occidental thought in the same areas. Thirdly, topics of microeconomics and macroeconomic theory are covered. This book concludes with chapters on methodology and an analytical postscript to show how the interactive, integrative and evolutionary world-view of knowledge-induced systems described by the Islamic political economy presents new visions of scientific thinking.

Content Level » Research

Keywords » Macroeconomics - Marx - Revolution - economics - economy - equilibrium - general equilibrium - microeconomics - theory of the firm

Related subjects » Economics - History of Economic Thought - Political Science

Table of contents 

Acknowledgment. Introduction. I: Comparative Political Economy: Methodological Questions. 1. New Visions: The Future Global Order. 2. The Process Centred World View. 3. Globally Interactive Systems. 4. From Economics to Political Economy: A Study of Methods. II: Microeconomic Perspectives With Postscripts. 5. Consumer Demand. 6. Consumer Utility Function. 7. Pricing Theory of the Firm in Perfect Competition. 8. Production Function. 9. Monopoly and Imperfect Competition. 10. Market Failure Due to Public Goods and Externalities. III: Macroeconomic Perspectives with Postscripts. 11. Macroeconomics and Economic Equilibrium. 12. Distribution of Income. 13. Generation of National Output. 14. Economic Growth. 15. Saving and Consumption Functions. 16. Investment Function. 17. Different Forms of Macroeconomic Equilibrium. 18. The Complete General Equilibrium Model. 19. Money and Macroeconomics. IV: Postscript. 20. Refutation of Marx's Dialectical Problem. 12. Methodological Conclusion. Subject Index.

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