chapter
9 Pages

Introduction: The Nature of Islamic Financial Economics in the Tawhidi Methodological Framework

This chapter presents that of human learning within and alongside the specifics of the world-system in which the human being participates and actualizes Mind and Matter interrelated dynamics. It explores a new paradigm of participatory development in the context of a general-system model of evolutionary learning. This development worldview involves a specific phenomenological model of epistemic unity of knowledge. The chapter describes synergistic circular causation relationships between human potential, philanthropy and the measurement of the wellbeing objective criterion. It explains what such organic relationships mean in reference to the episteme of unity of knowledge expressed as complementarities between the selected variables addressing wellbeing. The evaluative stage of wellbeing comprises the conceptualization, measurement, and inferential and policy-theoretic implications of social reconstruction. The moral-social embedding of the wellbeing criterion has been formalized by Sen in the deontological framework.