Emerald Group Publishing Limited
Copyright © 2008, Emerald Group Publishing Limited
Article Type: Editorial From: Humanomics, Volume 24, Issue 2.
Humanomics, the International Journal of Systems and Ethics (HIJSE) is the only one of its kind in the world scholarly forum today to study socio-scientific problems from the viewpoint of unity of knowledge. The episteme of unity of knowledge is understood here as the learning combinatorics between the identified variables and parameters of the problem under study. Thus the studies, ranging over a vast field of socio-scientific issues and problems, encompass complex analysis in the light of methodological approaches. These approaches overarch across mathematical and philosophical treatment of critical issues while also using non-mathematical ones. The critical point in all these is the way ethics is treated in system analysis. Ethics to Humanomics is an ethical study of learning inter-relations in the framework of evolutionary epistemology. The scientific study of consciousness thus replaces the old adage of linearity and optimization. These old concepts are replaced by models of simulation and complexity by learning across widening fields of entities represented by their specific variables and parameters. Thereby, individual subject preferences as well as organizations and macrocosmic systems are mopped up in an ever-widening field of learning systems.
Such an endogenous study of ethics as systemic force has captured the best minds only recently. Humanomics wants to take a lead in this as the Scientific Research Program for the deeply analytical and thoughtful minds was initiated by it. Such methodological investigations can change the existing ethics-benign methodology of socio-scientific research, organizations, preferences, management and policy domains.
The papers presented in this issue of HIJSE are on Islamic economics and finance. Although the papers concern the issues underlying this distinct field of economics and finance, the analyses made use of a methodology that does not fit in the essentially epistemological foundations of the Islamic worldview in all such issues as are covered by the papers.
The principle goal of Islamic finance is to establish systemic linkages between the monetary and real sector as pervasive complements. In this way, the principal axiom of unity of knowledge (termed as Tawhid in the Quan) is brought to the epistemological levels of conception, formulation and application.
Some of the authors have undertaken a purely neoclassical approach to study asset valuation models while remaining ambivalent to the essentially Islamic methodology alluded to above in the problems addressed. Consequently, no demand is made on the originality of the Islamic epistemological premise in tackling issues and problems that are claimed to be different in the light of Islamic economics and finance.
Nonetheless the articles have been included in this issue of HIJSE to point out some of the issues inherent in the study of Islamic economics and finance. Besides, the reader would like to keep this editorial comment in mind to pursue the same themes as in the papers from the truly Islamic epistemological worldview of unity of knowledge as this is explained by the systemic meaning of Tawhid in the Quan (see above) in world-systems.