by Masudul Alam Choudhury
Middle East Business and Economic Review Vol 20 Issue 1 page 38
Islamic economics as based on a Tawhidi epistemology. Takes it on a completely different paradigm, based on Principle of Pervasive Complementaries. Based on this principle, assumption of scarcity cannot exist in Islamic resource allocation plan as resources flow occurs over three time dimensions, as oppose to linear. Therefore, there would be no such thing as production possibility curve, opportunity cost, marginal substitution, competition.
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