1      The Dilemma of Causality Study of causality confronts us with a huge dilemma. Intense controversy has raged for centuries over this topic among the philosophers. At the same time, studies of child development show that infants learn about causal concepts almost from birth, and toddlers have a sophisticated approach to causality. How… Read More Causality As Child’s Play

Video recording of talk at 3rd BANK INDONESIA INTERNATIONAL SEMINAR ON ISLAMIC FINANCE, Presented at Session 4: Macroprudential Policy Framework for Islamic Finance, Nusa Dua – Bali, Indonesia 30th & 31st May 2013. Video is followed by summary of talk 1       A Three-Dimensional Approach It is well-known that the Global Financial Crisis 2007, which made… Read More An Islamic Approach to Macro-Prudential Regulation

(Keynote Address by Professor C.K. Raju at Tübingen/Pretoria 13 May 2021). In my view, Professor C K Raju is one of the deepest thinkers of modern times. He has managed to see through a web of deceit which has been spun over centuries to project the myth of Western intellectual superiority. Understanding his works opens… Read More Euclid Must Fall!

Introductory Message for Inauguration of Center for Critical Peace Studies; see https://ccps.umt.edu.pk/ by Dr. Asad Zaman, Director, Uloom-ul-Umran (replacement for Eurocentric Social Sciences), Al-Nafi Online Educational Platform About 1 Billion live in poverty, under $2 per day. Eliminating poverty requires about $700 Billion (=2×365) per year.  US “Defence” Budget is over $700 Billion. Global Military… Read More The Importance of Peace

One of the consequences of the present vaccine environment is the increasing need of understanding of the role nudges in encouraging people to comply with government initiatives. For instance. to effectively nudge behaviour, the Fogg Behavior Model (behaviormodel.org) combines three elements: They must initiate, facilitate, and motivate behavior. capacity to act, incentive, and a cue.… Read More Vaccination, cognitive bias and behavioural economics

Video recording of talk at 3rd BANK INDONESIA INTERNATIONAL SEMINAR ON ISLAMIC FINANCE, Presented at Session 4: Macroprudential Policy Framework for Islamic Finance, Nusa Dua – Bali, Indonesia 30th & 31st May 2013. Video is followed by summary of talk 1       A Three-Dimensional Approach It is well-known that the Global Financial Crisis… Read More Islamic Regulation: Based on Character and Social Norms

Introduction: The dark underside of leading lights of the European Enlightenment has been skillfully concealed. Nearly all major enlightenment thinkers held abhorrent views about slavery, race, democracy, women, and equality. Even though their views are public, easily available in major works, there is a conspiracy of silence, and suppression of dissent. Even though there is… Read More Kant: Misogynist & Racist

FROM DAVE TAYLOR Looking now at anticipations of Shannon’s information systems in recent economic research, Maria Madi found American pragmatist C. S. Peirce studying scientific logic cycles and semiotics (signalling) in 1873.  In the latest Real Word Economic Review, Katherine Farrell found Marshall starting economics from everyday life (small is beautiful) instead of the funding… Read More Learning to Re-envisage the Economy (Part 2)

FROM DAVE TAYLOR After the invention of printing, pedagogy began with Machiavelli’s The Prince teaching politicians to lie, and Francis Bacon’s The Advancement of Learning advising a new king to develop an encyclopedia of science “for the glory of God and the relief of Man’s estate” by “taking things to bits to see how they… Read More Learning to Re-envisage the Economy (Part 1)