Editorial

Citation

Alam Choudhury, M. (2006), "Editorial", Humanomics, Vol. 22 No. 1. https://doi.org/10.1108/h.2006.12422aaa.001

Editorial

It is a pleasure to initiate this issue of volume 22 of Humanomics with its new title, Humanomics: The International Journal of Systems and Ethics (Humanomics) and new publisher, the reputed Emerald. With this commencement of the new-year issue of Humanomics, I take this opportunity to invite learned academic papers from contributors worldwide in the field of Humanomics.

Humanomics is devoted to the following areas of scholarship but not restricted to them. Articles in similar sub-fields will be considered. All papers are refereed and the publication is orderly and prompt in the quarterly issues.

Published quarterly by Emerald Group Publishing Limited, this international refereed journal is devoted to the study of ethics as an endogenous force in various theories, issues and problems of socio-scientific systems. Special cases comprise the endogenous (systemic) nature of ethics in economic and politico-economic systems, financial systems, social systems, political and institutional systems, scientific systems and world-systems. Cross-cultural studies are of interest to Humanomics, with theoretical, empirical, applied and policy papers also welcome. Humanomics also publishes special issues and refereed conference proceedings of papers on given themes. Included in this portfolio will also be papers on Islamic economics, finance, political economy and world-systems. Other similar themes will be included. The special orientation of Humanomics is to take a systemic and cybernetic orientation in the study of systemic (endogenous) ethical forces in various socio-scientific fields with generalized treatment.

This particular issue is the first of two interlinked ones that comprise some of the refereed papers of the International Conference on Money and Real Economy, held at the International Islamic University, Chittagong, Bangladesh, in 2004. This special issue on Islamic Perspectives of Social Financing brings together selected papers on the nature of the Islamic financial system, the concept of social capital and thereby of social goods and social money that are part and parcel of the ethical market transformation in the Islamic economy. A paper contrasts the fractional reserve requirement monetary system and its structure based primarily on fiat money with the conception and functions of money in the Islamic economy supported by the gold standard. This perspective beckons the strong case of a return to the gold standard, which prior to the paper money regime proved to generate stable non-inflationary prices and economic productivity. Thus social justice was dispensed through such money as gold-backed currency in circulation in the good things of life. Social accounting further sharpens this view of money and real economy through the function of the financial sector in maximizing resource mobilization in the direction of goods and services recommended under the Islamic law concerning worldly matters, such as society, economy, political economy, polity and human well-being.

I am pleased to render these papers to scholarly readership and look forward to many more contributions in the diverse interdisciplinary field of Humanomics.

Masudul Alam Choudhury