In the last of this three-part study, the impact of the two dominant epistemologies of modernity on economics is fully explained. The intrusion of their ideas profoundly shaped both the content and methodology of the discipline, eventually instigating the separation of the field from the other social sciences that invariably bear on economic decisions and outcomes. The economists, notwithstanding these interdisciplinary linkages, continued to pattern their field of study after the natural sciences, further alienating the discipline from the humanities.
Development of the Discipline: Historiographical; Sources and Methods
Big Data can be consequential for the field of history. The surge in computing power and access to data processing software and online resources have enabled historians over the past two decades to capture historical statistics on a much larger scale than before. Here I argue that the data revolution is especially valuable when applied to regions where written records are fairly scarce, such as sub-Saharan Africa.
The last few decades have seen a phenomenal growth of the emerging discipline of Islamic Economics and Finance. In this paper I trace the origins and birth of this nascent science examining the various factors that gave impetus to its emergence and development. I contrast the different characterisations of the discipline as it has developed within the broader socio-political context and the reasons thereof.