International Journal of Social and Economic Research
Year : 2011, Volume : 1, Issue : 1
First page : ( 33) Last page : ( 45)
Online ISSN : 2249-6270.

A Neurocybernetic theory of development management with social inclusiveness

Choudhury Masudul Alam*, Professor of Economics and Finance

*College of Commerce and Economics, Sultan Qaboos University, Muscat, Sultanate of Oman & International Chair, Postgraduate Program in Islamic Economics and Finance, Trisakti University, Jakarta, Indonesia. masudc@squ.edu.om

Online published on 31 January, 2012.

Abstract

Neurocybernetics in development management theory as a new concept of learning decisionsystems is introduced in this paper based on the episteme of unity of knowledge. Such an episteme must be unique and universal as per the scientific method, so as to be appealing to the global community. Neo-liberalism, which is the core of present perspectives in management theory, cannot offer such a new epistemic future. That is because of the inherently competing nature of methodological individualism that grounds received management and decision-making theory. Contrarily, the episteme of unity of knowledge on which a new and universal perspective of development management and decision-making theory can be established remains foreign to the liberal paradigm. Neurocybernetic theory of development management is thus a theory of learning and unifying types of decision-making systems and their embedded categories. Formal modeling and empirical viability of the emergent phenomenological arguments render the neurocybernetic management theory to a new epistemological way of understanding scientific reasoning and universality across overarching complex systems of interrelations according to the evolutionary dynamics of learning processes. Comparative and empirical cases testify to the validity of such a neurocybernetic development management theory of ‘everything’. This paper has taken the example of Islamic intellection in system theory of unity of knowledge and the world-system. The Arabic transliteration is made in the text along with the original terms.

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Keywords

cybernetics, system theory, management decision-making, Islam and world-system.

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