Sustainability in Knowledge-Induced Socio-economic Development

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Handbook of Islamic Philosophy of Science
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Abstract

The qur’anic ecological socio-scientific worldview is derived from the Tawhidi foundation as formalized by the abstraction and operation of unity of knowledge of the interactive, integrative, and evolutionary learning worldview (IIE(θ(ε))). The Tawhidi meanings of sustainability and sustainable development are thereby derived in the framework of the Tawhidi IIE(θ(ε))-model as a morally inclusive worldview. The moral/ethical values that define the ethical vector as embedding in the planetary wellbeing function are vastly many in abstracting, preserving, and enhancing the conscious continuum from the Beginning in the Tawhidi worldview to the End in the Hereafter. The world-system is thereby organically linked with the Hereafter and vice versa. The derived meaning of universality and uniqueness of the Tawhidi epistemic worldview is thereby a planetary wellbeing model for the whole world, with its diverse entities, relations, and ecologically complex richness.

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Notes

  1. 1.

    Left-hand-side diagram represents generalized evolutionary equilibriums in development arising from moral sustainability through its well-defined Tawhidi-induced map**s of socio-economic variables on to the planetary wellbeing function. Right-hand-side diagram represents partial steady-state equilibriums in disjoint development sets, but can be Tawhid IIE(θ(ε))-induced by evolutionary learning. All the variables are taken as vectors.

  2. 2.

    Consider the following multiplier formula in the case of automatic stabilization by spending balancing between government spending and private spending according to the states of deficiency of demand and inflationary pressure: ΔY = k*(ΔG + ΔSp), where Δ denotes change in Y as GDP; government expenditure G; private spending Sp. Let ΔR = Δ(G + Sp). The multiplier, k = 1/(1–mpc), mpc denotes marginal propensity to consume out of Y. The logarithmic form of the above multiplier formula is given by logΔY = logk + logΔ(G + Sp). On differentiation, we obtain in the form of rates of growth (g(.)), the equation, g(ΔY) = g(k) + g(Δ(G + Sp)). In the steady-state full-employment macroeconomic equilibrium, g(ΔY) = 0. Likewise, g(k) = −mpc/(1–mpc)2 = 0 because any change in mpc in the full-employment state will cause either inflation of deflation of output. Hence, g(Δ(G + Sp)) = 0. That is, Δ(G+Sp) = constant. Therefore, ΔG and ΔSp remain in trade-off at the general steady-state equilibrium level of real output in the Keynesian macroeconomy. The technological and endogenous ethical effects repeat the above result along the elastic form of the aggregate supply curve, finally causing elastic change in the aggregate demand curve as well.

  3. 3.

    Qur’an (4:19): “O ye who believe! You are forbidden to inherit women against their will. Nor should you treat them with harshness, that you may take away part of the dower [money given by the husband to the wife for the marriage contract] you have given them, except where they have been guilty of open lewdness; on the contrary live with them on a footing of kindness and equity. If ye take a dislike to them it may be that you dislike a thing, and God brings about through it a great deal of good.”

  4. 4.

    The aggregate production function that plays its central role of the theory of economic growth is written as Y = F(L,K,H) = A*LaKbHc, a+b+c ≥ 1. “A” is technological constant. Without details, which are mentioned in a footnote given earlier, payments to each of these factors are determined by their marginalist formulas. If “H” is treated like a technology variable, it is understood as an exogenously ethics driving variable, but having a price attached to it. Since “L” and “K” are marginal substitutes of each other, therefore “H,” which supports relatively more between these factors of production sides in the marginalist substitution, say in the form H(L) and H(K), H = H(L) + H(K).

  5. 5.

    Qur’an (2:208): “O ye who believe! Enter into Islam whole-heartedly; and follow not the footsteps of the evil one; for he is to you an avowed enemy.”

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Choudhury, M.A. (2024). Sustainability in Knowledge-Induced Socio-economic Development. In: Handbook of Islamic Philosophy of Science. Springer, Singapore. https://doi.org/10.1007/978-981-99-5634-0_18

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