Islam versus liberalism: contrasting epistemological inquiries

Purpose – To address the much heated debate now raging in the international scene, namely between Islam and the West as two great civilization forces of mankind. Design/methodology/approach – The objective is achieved by studying it in the light of rigorous analysis involving the world-systems of the two paradigms and by subjecting the analysis to mathematical investigation as necessary. Findings – Some specific issues, such as epistemology and the associated phenomenological model, its application for economy, markets, money and globalization are investigated to establish the arguments of the paper. Research limitations/implications – If research is reported on in the paper this section must be completed and should include suggestions for future research and any identified limitations in the research process. Practical implications – Some practical implications arising from the theoretical basis of the paper are shown in the areas of money and real economy, globalization and the economy. Originality/value – Such a contrasting scientific argumentation between Islam and neoliberalism as the contrasting paradigms has not been undertaken in any paper that I know of. Thus, this is an original paper in argumentation rather than polemics.