This highly original book presents an alternative vision of globalization and explores the epistemology, derived from the Qur'an and the Prophetic guidance Sunnah, that underpins the systemic unity at the heart of the Islamic concept of world-system. Choudhury's investigation reveals the ethical foundations that influence the development of law, markets and social contract in Islamic societies. He then applies his methodology to issues and problems such as property rights, money, political economy, technology diffusion, microenterprise development and asset evaluation.
Part 1: Theoretical Perspectives 1. A Theory of the Islamic World-System 2. A Formal Model of the Islamic World-System 3. An Evaluation of the Occidental World-System Part 2: Applied Perspectives 4. A General Systems Theory of Knowledge: Application to Family and Ecology 5. The World-System According IBN Khaldun's Prolegomena comparatively viewed 6. The Islamic Political Economy of Property and Property Rights: Concepts and Application 7. Micro-Money: Islamic Perspective 8. An Overlapping Generation Valuation Model with Debt-Equity Swaps 9. A Knowledge Model of Layers of Techniques 10. Conclusion