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Human Well-Being Adversely Affected by Interest-Based Financing

In: The Universal Paradigm And The Islamic World-System Economy, Society, Ethics and Science

Author

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  • Masudul Alam Choudhury

    (Sultan Qaboos University, Sultanate of Oman)

Abstract

The following sections are included:Interest, Debt and Human Ecology: Opening the DebateRiba/Interest Retards Economic Growth and DevelopmentDebt Cycle in the Global SceneDesired and contrary relations in dynamic basic-needs regimes of developmentThe case of basic-needs regimes of development with resource mobilizationImplications of debt cycle on factor utilization and sustainabilityDiagrammatic explanation of debt cycles between labor- and capital-intensive regimes of developmentThe Connection between Interest-Bearing Money and Environmental DestructionHow Would the Praxis of Unity of Knowledge of the Universal Paradigm Address the Environment-Economy-Society Problems?Characterizing the Production Menu in the E-O-O-E DynamicsConclusion: A Dialectical Question on the Search for the Principle of Pervasive Complementarities in the Light of the Universal Paradigm

Suggested Citation

  • Masudul Alam Choudhury, 2007. "Human Well-Being Adversely Affected by Interest-Based Financing," World Scientific Book Chapters, in: The Universal Paradigm And The Islamic World-System Economy, Society, Ethics and Science, chapter 7, pages 85-98, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812790835_0007
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    More about this item

    Keywords

    Islamic Theory of Knowledge; Philosophy of Science; Islamic Economics; Islamic Finance; Islamic Science and Society;
    All these keywords.

    JEL classification:

    • F3 - International Economics - - International Finance
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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