The Process Centred World View

  • Masudul Alam Choudhury


Our discourse in social and economic thought in Chapter 1 points out that epistemological questions have played key role in the rise of revolutionary paradigms at every juncture of economic history (von Mises 1976). In this context, it can be inferred that epistemology will continue to play the distinct role in the rise of revolutionary doctrines and world view in the future as well. The new generation of social scientists confronted by a new generation of global issues that are embedded in a wide mix of ethical, institutional, political, social and economic forces impinging upon market transformation, must therefore be searching for a new epistemology in social and economic reasoning.


Inner Core World View Knowledge Flow Structural Dualism Ethical Exogeneity 
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  1. 1.
    Von Mises, L. 1976. The Ultimate Foundation of Economic Science (Kansas City, Kansas: Sheed, Andrews & McMeel Inc.).Google Scholar
  2. 2.
    Among these are Immanuel Kant, Adam Smith, John Steuart Mill, John Locke, F.A. Hayek, Keynes to name a few in the socioeconomic field.Google Scholar
  3. 3.
    This derivation can be made from Taylor, O.H. 1967. “Tawney’s religion and capitalism and eighteenth-century liberalism,” in Taylor, O.H. Economics and Liberalism ( Cambridge, MA: Harvard University Press ) pp. 24–36.Google Scholar
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    Choudhury, M.A. 1991. “A mathematical formulation of the principle of ethical endogeneity” in Choudhury, M.A. A Theory of Ethico-Economics ( Hull, Eng.: Barmarick Publications).Google Scholar
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    For a great work in the process orientation of religious phenomenon see Whitehead, A.N. 1978. Process and Reality, (eds) Griffin, D.R. & Sherbume, D.W. ( New York, NY: The Free Press).Google Scholar
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    This is quoted by Bertrand Russell (1990) in his chapter entitled, “Bergson,” in his A History of Wester Philosophy ( London, Eng.: Unw in Paperbacks).Google Scholar
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    Boulding, K.E. 1971. “Economics as a moral science,” in Glabe, F.R. (ed.) Boulding: Collected Papers Vol.2 ( Boulder, CO: Association of University Press ).Google Scholar

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© Springer Science+Business Media New York 1999

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  • Masudul Alam Choudhury

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