Deconstructing the Fisher-Neyman conflict wearing fiducial glasses (continued)

via Deconstructing the Fisher-Neyman conflict wearing fiducial glasses (continued)


Distinguishing Qualitative Research Methods from Paradigm Orientation

Research Design Review

The following is a modified excerpt from Applied Qualitative Research Design: A Total Quality Framework Approach (Roller & Lavrakas, 2015, pp. 17-20).

A good deal has been written about paradigms in qualitative Method from Paradigm Orientationresearch as they relate to assessing quality (Greene, 1994; Lather, 2004; Lincoln & Guba, 1985; Morrow, 2005; Patton, 1978; Ponterotto, 2013; Rolfe, 2006). Some scholars, such as Rolfe (2006), start from the premise that

“any attempt to establish a consensus on quality criteria for qualitative research is unlikely to succeed for the simple reason that there is no unified body or theory [i.e., an accepted paradigm], methodology or method that can collectively be described as qualitative research; indeed, [I believe] that the very idea of qualitative research is open to question” (p. 305, emphasis in original).

Rolfe opines that “if there is no unified qualitative research paradigm, then it makes little sense to attempt to establish a set…

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Methodological Mistakes at the Heart of Modern Economics & Econometrics

An Islamic WorldView

The Quran 3:196 states that:

لَا يَغُرَّنَّكَ تَقَلُّبُ الَّذِينَ كَفَرُوا فِي الْبِلَادِ

Do not be deceived by the prosperity of the non-Muslims throughout the land. It also tells us that what we (the Muslims) have been given (that is, the Quran), is much better than anything that they (the non-Muslims) can gather. It also tells us that Allah is the friend of those who believe and leads them to the Noor of guidance, while those who reject God are befriended by the devils who lead them astray, from light into darkness.

This post continues the theme initiated in the previous post on the Modern Mu’tazila, by debunking the illusions created by the extremely complex and sophisticated mathematical bases upon which modern economics and econometrics is founded.  This complex and elaborate cover has deceived Muslims into believing that modern econometrics provides us with a sound methodology to obtain information about…

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Reviving the Promise of Islamic Economics

An Islamic WorldView

First generation Islamic Economists like Maulana Maudoodi, Ayatullah Sayyid Muhammad Baqir As-Sadr suggested that an Islamic Economic Sytem (IES) would bring economic justice for all, end exploitation, and provide basic needs to all. This system would be far superior to Capitalism, Communism, and Socialism. Many modern Islamic Economists have abandoned these claims, and consider Islamic Economics to be a minor variant of Capitalism. For instance, “IES = Capitalism + Zakat – Interest” is a formula proposed by some to characterise the IES. How was the grand vision lost, and how it can be revived, this is the topic of my paper and talk with the title above. This paper “Reviving the Promise of Islamic Economics” was presented at the 11th ICIEF in KL, Malaysia, 10/2016, and subsequently published as: ZAMAN, Asad. Reviving the Promise of Islamic Economics. International Journal of Economics, Management and Accounting, [S.l.], v. 25, n…

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Economics for the 21st Century

An Islamic WorldView

Published on 22 Jan 2018 in Newsline Magazine as “Cradle of A New Economics

A 1600 word summary of The Presidential Address at the 33rd Annual Conf of PSDE, 12-14 Dec 2017 in Islamabad. Also, link to complete 35m Video-Lecture.


Failure of Economics: After the Global Financial Crisis (GFC) of 2007, the failure of economic theory to provide a warning, explanation, or solution, was noted far and wide. Prominent economists – heads of institutions responsible for policy, such as the World Bank, International Monetary Fund, Federal Reserve Bank, Bank of England and others – said that theories currently forming the basis for policy had failed completely. The Queen of England went to the London School of Economics to ask “Why did no one see it coming?

Resistance to Change: Despite a widespread realisation of this failure, the mainstream response within the economics…

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The Dark Side of the Enlightenment Project

An Islamic WorldView

This article was written ten years ago — if I was writing it now I would update it substantially. The main point it makes is that the European Enlightenment – the idea that reason and facts can be used to provide better solutions to human problems — has failed disastrously. The reason for this failure, still not realized by European intellectuals, is that the heart and soul of human beings has been taken out of the picture. Using only reason, the argument that efficiently exterminating the Jews by burning them in ovens cannot be refuted; see Modernity and the Holocaust by Zygmunt Bauman. It is the heart and soul which strenuously rejects this, without the need to examine reasoning. How Spirituality matters for development has been covered in an earlier post – Spirituality and Development. Instead of updating the article, I am adding a few notes and links…

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