... reflection on the generality of the theory of the individual embedded in neoclassical (orthodox) economics. Design/methodology/approach The approach adopted is to draw upon the contending dichotomies in epistemology (naturalism or hermeneutics) and ontology (agency or structure) to demarcate and depict...

... have had little success in shaping a distinctive paradigm for their discipline, beyond arguing that it is underpinned by a strong moral ethic. By and large, its epistemological roots have remained firmly within the framework of rationalism/empiricism and methodological individualism. Consequently...

...Patrick A. McNutt; Masudul Alam Choudhury Purpose The paper aims to offer a new perspective casting original light on the foundational socio‐scientific argumentation premised on the application of the epistemology of unity of knowledge across contrasting shades of reasoning, to the problem...

... involving the world‐systems of the two paradigms and by subjecting the analysis to mathematical investigation as necessary. Findings Some specific issues, such as epistemology and the associated phenomenological model, its application for economy, markets, money and globalization are investigated...

...Masudul Alam Choudhury; Toseef Azid; Mushtaq Ahmad Klasra Purpose To apply the Tawhidi epistemology in the automobile industry as the paradigm of the Islamic socio‐scientific order in terms of its inherent knowledge‐centered worldview. Design/methodology/approach The concepts of unity...

... competing alternatives. This is also the underlying assumption for the neo‐classical economic states of equilibrium and stability in resource allocation. Ethics Economics Economic theory Finance Epistemology Economic policy The question of ethical insensitivity of economic theory has to do...