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Islamic Economics in a Complex World: Explorations in Agent-based Simulation (Research Paper)

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Abstract

This paper suggests that complexity theory provides an alternative paradigm to the Neoclassical framework widely adopted in economic studies. It states that the new paradigm calls for a different methodology than the one used by the mainstream: agent-based simulation allows for exploring rich and highly complex problems in an intuitive and systematic manner.

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  • Al-Suwailem, Sami Ibrahim, 2008. "Islamic Economics in a Complex World: Explorations in Agent-based Simulation (Research Paper)," Occasional Papers 238, The Islamic Research and Teaching Institute (IRTI).
    • Handle: RePEc:ris:irtiop:0238
    Note: eBook or Printed Copy can be order from IRTI website. Readers are requested to search the "title" of paper under publications page on IRTI website. http://www.irti.org/English/Pages/Publications.aspx
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    Cited by:

    1. Ngo-Hoang, Dai-Long, 2019. "A research paper of Hossein Sabzian (2019), Theories and Practice of Agent based Modeling: Some practical Implications for Economic Planners, ArXiv, 54p," AgriXiv xutyz, Center for Open Science.
    2. Hossein Sabzian & Mohammad Ali Shafia & Ali Maleki & Seyeed Mostapha Seyeed Hashemi & Ali Baghaei & Hossein Gharib, 2019. "Theories and Practice of Agent based Modeling: Some practical Implications for Economic Planners," Papers 1901.08932, arXiv.org.
    3. Hossein Sabzian & Alireza Aliahmadi & Adel Azar & Madjid Mirzaee, 2018. "Economic inequality and Islamic Charity: An exploratory agent-based modeling approach," Papers 1804.09284, arXiv.org.
    4. Sami Al-Suwailem, 2011. "Preliminaries to an Investigation of Reduced Product Set Finance J.A. Bergstra and C.A. Middelburg التصفيات التمهيدية للتحقيق في تخفيض تمويل مجموعة المنتجات J.A. Bergstra و C.A. ميدل," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 24(1), pages 213-224, January.

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    Keywords

    Islamic Economics; Agent-based Simulation;

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