The English version of this paper can be found at "https://ssrn.com/abstract=3118255 " https://ssrn.com/abstract=3118255.Turkish Abstract: Literatürde çok sayıda İslam Ekonomisi tanımı mevcuttur. Büyük çoğunluk, mevcut tanımları batı literatür dan alıyor ve onları İslami bir...

Bu makalenin Türkçe çevirisi şu adreste bulunmaktadır: 'https://ssrn.com/abstract=3137935' https://ssrn.com/abstract=3137935First generation Islamic Economics promised to create a system with just and equitable economic outcomes, which would be far superior to capitalism and communism....

According to Econometric theory, one should start with the right model, and then estimate it. The process of model selection causes many types of problems in estimation and inference. In practice, however, everyone estimates different models eventually selecting one as the “right” one. All...

Current economic theory is mainly concerned with the factors which affect the wealth of nations. Issues of income distribution and elimination of poverty and deprivation is secondary. The present paper invites discussion on a new paradigm: hunger and homelessness to make the subject of economics...

Arabic Abstract: إن النظرية الاقتصادية الحالية مهتمة بثروة وازدهار الأمم أكثر من اهتمامها بالقضاء على الفقر والحرمان أو بكيفية توزيع الثروة. تدعو هذه الورقة إلى إعادة...

There is substantial evidence that the development of the discipline of Islamic Economics is currently in crisis. In this article, we argue that the main reason for this is that most Muslim economists have accepted too many of the ideas of Western economists uncritically. The methodological...

The methodology of science is suitable for material substances subject to laws, but not for humans with free will. “Social science” was born from the misconception that application of the scientific method to human beings and societies would lead to remarkable progress. However, this...

We consider the effects of using residuals from robust regression in place of OLS residuals in test statistics for the normality of the errors. We find that this can lead to substantially improved ability to detect lack of normality in suitable situations. Using simulations, we find that...

We suggest a procedure for model update, based on detection of structural breaks at unknown change-points. The procedure makes use of the SupF test introduced by Andrews (1993). We apply this procedure for modelling the common stock index returns in the Istanbul Stock Exchange for the 11 year...