Islamic economists preoccupation with the deductive approach needs being moderated by a greater recourse to induction, especially in discussing the role of values in the economic system. Values have played an important role in the Christian West in the past, not withstanding the current advocacy...

Mathematics has become an integral part of 20th century economics. Mathematical techniques that were considered to be on the fringes of economics even a few decades ago are today considered mainstream economics. Economists presented considerable resistance in the past to the encroachment of...