ABSTRACT
This chapter discusses a theory of decision-making in Islamic political economy is conceptualized in comparative perspectives to bring out the extensively complementary nature of the socioeconomic activities and relations underlying such decision-making. The study of political economy has been differently invoked in the literature, ranging from it being treated as a study of the interrelationships between the laws of production and the ownership of wealth, and the valuation of goods in terms of labour input that goes into the production of such a good. The chapter shows that knowledge-induced evolutionary processes are circular causation and continuity models of unification of knowledge across hierarchies of life and thought, where the transmission of the ontological completeness causes cognitive realities to appear and re-originate. They create a worldview of interactions, integration and creative evolution. These together define the concept of Islamic political economy as an extensively complementary system.
