Asad Zaman

Al-Nafi

64 Fullerton Crecent

Markham, Ontario L35 3G5

Canada

Akhuwat University

Lalyani

Ferozepur Road

Kasur, Punjab 55110

Pakistan

http://azprojects.wordpress.com

  • Al-Nafi

  • Akhuwat University

SCHOLARLY PAPERS

86

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28,009

SSRN CITATIONS
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93

CROSSREF CITATIONS

128

Ideas:
“  My recent works are concerned with creating alternative foundations for economics and statistics. For economics, see Models and Reality https://ssrn.com/abstract=3591782 and New Directions in Macro https://ssrn.com/abstract=3660076  ”

  • Al-Nafi

  • Akhuwat University

Scholarly Papers (86)

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1.

Islamic Economics: A Survey of the Literature

University of Birmingham: Religions and Development Research Programme, Working Paper No. 22
Number of pages: 158 Posted: 12 Oct 2008 Last Revised: 25 Sep 2014
Asad Zaman
Al-Nafi
Downloads 2,550 (10,217)
Citation 15

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Islamic Economics

2.

The Rise and Fall of the Market Economy

Review of Islamic Economics, Vol. 14, No. 2, 2010, pp. 123-155
Number of pages: 33 Posted: 06 Sep 2012
Asad Zaman
Al-Nafi
Downloads 2,070 (14,307)
Citation 3

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Market Economy, Market Society, Capitalism

3.

The Empirical Evidence Against Utility Maximization

published with title changed to:" The Empirical Evidence Against Neoclassical Utility Theory: A Review of the Literature," International Journal of Pluralism and Economics Education, Vol. 3, No. 4, 2012, pp. 366-414
Number of pages: 59 Posted: 04 Apr 2012 Last Revised: 28 Jul 2013
Asad Zaman and Mehmet Karacuka
Al-Nafi and Ege University - Faculty of Economic and Administrative Sciences
Downloads 1,476 (24,142)
Citation 2

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behavioral economics, utility theory

4.

Failures of the 'Invisible Hand'

Forum for Social Economics, Vol. 45, Iss. 1, 2016
Number of pages: 27 Posted: 19 Jul 2013 Last Revised: 23 Jul 2016
Rafi Amir-ud-Din and Asad Zaman
International Islamic University, Islamabad and Al-Nafi
Downloads 1,092 (37,374)
Citation 2

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invisible hand, market economy, traditional society, East Asian financial crisis, trade barriers

5.

Islamic Approaches to Fundamental Economic Problems

Number of pages: 36 Posted: 14 Mar 2013 Last Revised: 30 Jul 2013
Asad Zaman
Al-Nafi
Downloads 1,052 (39,432)
Citation 2

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Scarcity, Economic Growth, Islamic Economics

6.

An Islamic Approach to Inequality and Poverty

Downloads 893 (49,618)
Citation 6

An Islamic Approach to Inequality and Poverty

Journal of King Abdulaziz University: Islamic Economics, Vol. 31, No. 1, 2018
Number of pages: 24 Posted: 04 Jan 2018
Asad Zaman
Al-Nafi
Downloads 577 (86,722)

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Poverty, Inequality, Islamic Economics, Polanyi

An Islamic Approach to Inequality and Poverty

Journal of King Abdulaziz University: Islamic Economics, Vol. 31, No. 1, January 2018
Number of pages: 24 Posted: 23 May 2018
Asad Zaman
Al-Nafi
Downloads 316 (175,296)
Citation 1

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7.

Islam's Gift: An Economy of Spiritual Development

Downloads 830 (54,891)
Citation 9

Islam's Gift: An Economy of Spiritual Development

American Journal of Economics and Sociology, v 78 n 2 (2019): 443-491.
Number of pages: 33 Posted: 24 Jan 2019 Last Revised: 09 Feb 2021
Asad Zaman
Al-Nafi
Downloads 457 (115,506)
Citation 8

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Islamic economics, homo economicus, homo islamicus, spiritual transformation

Introduction to Islamic Economics

American Journal of Economics and Sociology, 2019, Forthcoming
Number of pages: 30 Posted: 15 Jan 2019
Asad Zaman
Al-Nafi
Downloads 373 (146,342)

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Islamic economics, homo economicus, homo islamicus, spiritual transformation

8.

Review of 'House of Debt' by Atif Mian & Amir Sufi

Pakistan Development Review, vol 52, #3, Forthcoming
Number of pages: 14 Posted: 02 Nov 2014 Last Revised: 21 Nov 2014
Asad Zaman
Al-Nafi
Downloads 795 (58,230)

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Great Depression, Global Financial Crisis, Debt-Deflation, Levered Debt

9.

Inconsistency of the Breusch-Pagan Test

Journal of Economic and Social Research, Vol. 2, No. 1, pp. 1-11, 2000
Number of pages: 10 Posted: 22 Dec 2008
Asad Zaman
Al-Nafi
Downloads 789 (58,747)

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Breusch-Pagan test, heteroskedasticity, test consistency

10.

The Origins of Western Social Sciences

Journal of Islamic Economics, Banking and Finance, Vol. 5, No. 2, pp. 9-22, 2009
Number of pages: 13 Posted: 12 Mar 2009 Last Revised: 17 Sep 2010
Asad Zaman
Al-Nafi
Downloads 745 (63,443)
Citation 2

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Social Science, Islamization of Knowledge

11.

The Methodology of Polanyi's Great Transformation

Pre-publication version of: Zaman, A. (2016) ‘The Methodology of Polanyi’s Great Transformation.’ Economic Thought, 5.1, pp. 44-63
Number of pages: 20 Posted: 22 Jun 2014 Last Revised: 28 May 2016
Asad Zaman
Al-Nafi
Downloads 671 (72,592)
Citation 4

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Methodology, Social Science, Capitalism, Liberalism

12.

Logical Positivism and Islamic Economics

International Journal of Economics, Management and Accounting, Vol 21, No. 2, pp1-18. published by International Islamic University of Malaysia
Number of pages: 24 Posted: 02 Jan 2013 Last Revised: 18 Apr 2015
Asad Zaman
Al-Nafi
Downloads 622 (79,878)
Citation 7

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13.

Islam versus Economics

pre-publication Draft: Chapter 2 in Handbook on Islam and Economic LIfe, edited by Kabir Hassan and Mervyn Lewis, Edward Elgar Press, (2015).
Number of pages: 26 Posted: 28 Jul 2013 Last Revised: 24 Jun 2015
Asad Zaman
Al-Nafi
Downloads 601 (83,338)

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Islamic Economics, Human Development, Wealth, Waqf

14.

The Normative Foundations of Scarcity

Real-World Economics Review, issue no. 61, 26 September 2012, pp. 22-39
Number of pages: 21 Posted: 18 Feb 2010 Last Revised: 25 Aug 2018
Asad Zaman
Al-Nafi
Downloads 552 (92,853)
Citation 19

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scarcity, logical positivism, methodology, normative positive distinction, fact value distinction

15.

Deification of Science and Its Disastrous Consequences

International Journal of Pluralism in Economics Education, Vol 6, No.2, 181-197 (2015)
Number of pages: 19 Posted: 04 May 2013 Last Revised: 03 Sep 2021
Asad Zaman
Al-Nafi
Downloads 551 (93,076)
Citation 3

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Methodology, Hypothetico-Deductive, Axiomatic, Induction, Normative Positive Distinction

16.

Methodological Mistakes and Econometric Consequences

International Econometric Review, Vol 4. Issue 2, p. 99-122, September 2012
Number of pages: 24 Posted: 03 Sep 2012
Asad Zaman
Al-Nafi
Downloads 539 (95,655)
Citation 1

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Econometric Methodology, logical positivism, realism, causality, VAR models, Forecasting, surprise, goodness of fit

17.

Measuring the Systematic Risk of Ipo's Using Empirical Bayes Estimates in the Thinly Traded Istanbul Stock Exchange

International Journal of Business, Vol. 8, No. 3, 2003, Cass Business School Research Paper, CUBS Finance Working Paper No. 07
Number of pages: 20 Posted: 19 Aug 2003
Yaz Gulnur Muradoglu, Yaz Gulnur Muradoglu, Asad Zaman and Mehmet Orhan
City University London - The Business SchoolQueen Mary University of London, Al-Nafi and Fatih University - Department of Economics
Downloads 496 (106,017)

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Empirical Bayes method, Beta estimation, Forecasting, Capital Asset Pricing Model, Initial public offering

18.

An Islamic Version of the Iceland Plan for Monetary Reform

Conference on “Advancements in Islamic Finance and Business in the 21st Century” organized by FAST-NUCES, on Islamabad Campus of National University of Computers & Emerging Sciences [NUCES], on April 24-25, 2015.
Number of pages: 17 Posted: 15 Apr 2015
Asad Zaman
Al-Nafi
Downloads 474 (111,900)

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Islamic Economics, Elimination of Interest, Chicago Plan, Monetary Reform

19.

Re-Defining Islamic Economics

Presented at workshop on “Basic Concepts and Thoughts in Islamic Economics” held in Istanbul during 1-3 March 2013., To appear as chapter in Islamic Economics: Basic Concepts, New Thinking and Future Directions, editors Taha Egri & Necmettin Kizilkaya, Cambridge Scholars Publishing, 2015
Number of pages: 28 Posted: 23 May 2015
Asad Zaman
Al-Nafi
Downloads 456 (117,078)
Citation 1

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Islamic Economics, Justice, Equity, Epistemology, Logical Positivism

20.

Interest and the Modern Economy

Downloads 428 (126,152)
Citation 4

Interest and the Modern Economy

The Lahore Journal of Economics, Vol. 6, No.1, pp. 113-127, 2002, Islamic Economic Studies, Vol. Vol. 8, No. 2, Muharram 1422H (April 2000)
Number of pages: 12 Posted: 31 Jan 2009
Arshad Zaman and Asad Zaman
Independent Scholar and Al-Nafi
Downloads 321 (172,439)

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Islamic Economics, prohibition of interest

Interest and the Modern Economy

Islamic Economic Studies, Vol. 8, No. 2, 2001
Number of pages: 14 Posted: 19 Apr 2018
Arshad Zaman and Asad Zaman
Independent Scholar and Al-Nafi
Downloads 107 (463,386)

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21.

On the Nature of Modern Money

Chapter in "Islamic Economic Perspectives and Theoretical Models." eds Tariqullah Khan and Salman Syed Ali, IRTI, IDB and QFIS, HBKU (Forthcoming)
Number of pages: 35 Posted: 17 Dec 2014 Last Revised: 22 Oct 2019
Asad Zaman
Al-Nafi
Downloads 421 (128,575)

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Chicago Plan, Islamic Finance, History of Banking, Economic Justice, Debt

22.

Developing an Islamic World View: An Essential Component of an Islamic Education

Lahore Journal of Policy Studies, Vol. 1, No. 1, pp. 95-105, 2007
Number of pages: 14 Posted: 17 Sep 2010
Asad Zaman
Al-Nafi
Downloads 374 (147,086)

Abstract:

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Islamic education, secular education

23.

Scarcity: East and West

Journal of Islamic Economics, Banking and Finance, Volume 6, Number 1, January-March 2010. p. 87-104
Number of pages: 18 Posted: 01 Nov 2017
Asad Zaman
Al-Nafi
Downloads 359 (153,898)
Citation 3

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Needs and Wants, Scarcity, Islamic Economics, Luxury, Conspicuous Consumption

24.

Corruption: Measuring the Unmeasurable

Humanomics, Vol. 25, No. 2, pp. 117-126, June 2009
Number of pages: 19 Posted: 03 Dec 2008 Last Revised: 30 Sep 2009
Asad Zaman and Faiz Rahim
Al-Nafi and International Islamic University, Islamabad - Faculty of Social Sciences
Downloads 345 (161,210)
Citation 2

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Corruption, Measurement, Corruption Perception Index

25.

An Islamic Critique of Neoclassical Economics

Pakistan Business Review, Vol 14 No. 1, April 2012, p 9-62
Number of pages: 54 Posted: 01 Feb 2018
Asad Zaman
Al-Nafi
Downloads 337 (164,789)
Citation 2

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Islamic Economics, Neoclassical, Capitalism, Competition, Cooperation

26.

Building Genuine Islamic Financial Institutions

"Building Genuine Islamic Financial Institutions", Journal of Islamic Economics, Banking and Finance, Volume 11, Number 2 (April-June, 2015) pp 13-32, Presented at Conference on: Economics and Ethics” organized by the Center for Islamic Legislation and Ethics (CILE) in Doha, Qatar on the 10-12 of June 2014, Presented at 3rd International Conference on Islamic Business & Finance, at Riphah University, Islamabad, Pakistan on Feb 10-11, 2014
Number of pages: 18 Posted: 25 Aug 2014 Last Revised: 29 May 2016
Asad Zaman
Al-Nafi
Downloads 279 (201,753)

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Islamic Economics, Islamic Financial Institutions, Spirit of Capitalism, Cooperation, Generosity

27.

Evaluating the Costs of Growth

Real World Economics Review, issue 67, 9 May 2014, page 41-51.
Number of pages: 11 Posted: 23 Sep 2014
Asad Zaman
Al-Nafi
Downloads 275 (204,779)
Citation 3

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Growth, Environment, Cost Benefit, Market Valuation, Non-Market Activities

28.

Econometric Applications of High-Breakdown Robust Regression Techniques

Economics Letters, Volume 71, Issue 1, April 2001, Pages 1-8, ISSN 0165-1765, 10.1016/S0165-1765(00)00404-3
Number of pages: 8 Posted: 24 Sep 2012
Asad Zaman, Mehmet Orhan and Peter Rousseeuw
Al-Nafi, Fatih University - Department of Economics and affiliation not provided to SSRN
Downloads 274 (204,779)
Citation 5

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High breakdown estimates, Masking, Robust regression, Outlier, Leverage point, Least trimmed squares (LTS), Minimum covariance determinant (MCD)

29.

Death of a Metaphor: The Invisible Hand

International Journal of Pluralism and Economics Education, vol 4, no 1, p 15-29, 2013
Number of pages: 17 Posted: 30 Jun 2012 Last Revised: 27 Jul 2018
Asad Zaman
Al-Nafi
Downloads 260 (215,742)
Citation 4

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the invisible hand, models

30.

The Crisis in Islamic Economics

Journal of King Abdul Aziz University: Islamic Economics,Vol. 25 No. 1, pp: 147-169
Number of pages: 23 Posted: 03 Feb 2016
Asad Zaman
Al-Nafi
Downloads 254 (220,798)

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Islamic Economics, Transformative, Normative, Positive, Flaws of Conventional Economics

31.

Objectives of Financial Institutions: Western and Islamic

Journal of Islamic Business and Management, Vol 5, No. 2, p43-68. DOI: 10.1111/jibm
Number of pages: 23 Posted: 01 Oct 2014 Last Revised: 22 Oct 2019
Asad Zaman
Al-Nafi
Downloads 242 (231,662)
Citation 1

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Islamic Finance, Capitalism, Pursuit of Wealth, Institutions, social values

32.

Changing Point and Parameter Instability with Heteroskedastic Models

Number of pages: 16 Posted: 27 Jul 2014
Mumtaz Ahmed, Gulfam Haider and Asad Zaman
Cornell University, International Islamic University, Islamabad and Al-Nafi
Downloads 237 (236,385)

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Regime Shift, Heteroskedasticity, Bootstrap

33.

Is Development Accumulation of Wealth? Islamic Views

Afro Eurasian Studies, 2013
Number of pages: 48 Posted: 23 Aug 2013
Asad Zaman
Al-Nafi
Downloads 237 (236,385)

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Development, Capitalism, Accumulation of Wealth, Power

34.

Towards a New Paradigm for Economics

Journal of Islamic Economics, Vol. 18, No. 2, pp. 49-59, 2005
Number of pages: 7 Posted: 22 Dec 2008
Asad Zaman
Al-Nafi
Downloads 235 (238,294)
Citation 1

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poverty, lexicographic utility income distribution

35.

Markets and Society

Pre-publication Draft of "Unregulated Markets and the Transformation of Society" Chapter 18, Routledge Handbook of Ecological Economics: Nature and Society. Editor Clive Spash. 2016
Number of pages: 10 Posted: 22 Sep 2015 Last Revised: 23 Jul 2016
Asad Zaman
Al-Nafi
Downloads 233 (240,289)

Abstract:

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Environmental Economics, Exploitation, The Great Transformation, Market Society,

36.

The Battle for the Control of Money

Journal of King Abdul Aziz University: Islamic Economics, Vol 29 No. 2, July 2016. p75-80
Number of pages: 17 Posted: 21 Apr 2016 Last Revised: 05 Sep 2016
Asad Zaman
Al-Nafi
Downloads 228 (245,297)

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Credit Creation, Sovereign Money, Banking

37.

The Conflict between General Equilibrium and the Marshallian Cross

Number of pages: 31 Posted: 31 Aug 2009 Last Revised: 30 Jun 2012
Ismail Saglam and Asad Zaman
TOBB University of Economics and Technology and Al-Nafi
Downloads 228 (245,297)
Citation 3

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Curve, Partial Equilibrium, General Equilibrium

38.

Revisiting the Foundations of Probability

Number of pages: 19 Posted: 19 Mar 2016 Last Revised: 30 Apr 2016
Asad Zaman
Al-Nafi
Downloads 223 (250,548)

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Frequentism, Subjective probability, Dutch Book, Metaphor, Falsification

39.

Post Positivist Probability

Number of pages: 14 Posted: 22 Dec 2008
Asad Zaman
Al-Nafi
Downloads 214 (260,405)

Abstract:

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probability, foundations, Bayesian, Frequentist, positivism

40.

Causal Relations via Econometrics

International Econometric Review, Vol 2, No. 1, p 36-56, April 2010
Number of pages: 31 Posted: 07 Apr 2009 Last Revised: 03 Sep 2012
Asad Zaman
Al-Nafi
Downloads 210 (265,000)
Citation 4

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causality, regression, exogeneity, Hendry methodology, natural experiments

41.

Challenging the Current Economics Curriculum: Creating Challengers and Change

pre-publication draft Chapter 2 of edited volume: "Challenging the Current Economics Curriculum" editors Maria Alejandra Madi and Jack Reardon. Forthcoming
Number of pages: 13 Posted: 08 Aug 2014 Last Revised: 27 Oct 2014
Asad Zaman
Al-Nafi
Downloads 208 (267,366)
Citation 2

Abstract:

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Spiritualilty, Morality, Logical Positivism, Purpose

42.

Redefining Islamic Economics

Part 1, Chapter 2, Islamic Economics:Basic Concepts, New Thinking and Future Directions, (ed) Taha Eğri, Necmettin Kızılkaya, Cambridge Scholars Publishing, 2015, pp 58-76
Number of pages: 17 Posted: 16 Feb 2018 Last Revised: 23 Aug 2021
Asad Zaman
Al-Nafi
Downloads 203 (273,384)
Citation 1

Abstract:

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Islamic Economics, Scarcity, Methodology

43.

Reviving the Promise of Islamic Economics

v. 25, n. 2, International Journal of Economics, Management and Accounting, p. 205-225, Paper presented at 11th International Conference on Islamic Economics and Finance, 11-13th October, 2016
Number of pages: 14 Posted: 02 May 2016 Last Revised: 13 Mar 2018
Asad Zaman
Al-Nafi
Downloads 193 (286,092)
Citation 4

Abstract:

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Islamic Economics, Economic Systems

44.

First Fundamental Economic Problem: Feeding the Hungry

published as: "Hunger as the Primary Economic Problem", WEA Commentaries, Vol 5, issue 2, April 2015, link: https://www.worldeconomicsassociation.org/newsletterarticles/zaman-hunger/
Number of pages: 9 Posted: 02 Mar 2015 Last Revised: 16 Feb 2021
Asad Zaman
Al-Nafi
Downloads 189 (291,687)
Citation 1

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Growth, Basic Needs, Conspicuous Consumption, Pareto Principle

45.

Models and Reality: How Did Models Divorced From Reality Become Epistemologically Acceptable?

Real World Economics Review, Issue 91, p20-44, March 2020
Number of pages: 27 Posted: 01 Jun 2020
Asad Zaman
Al-Nafi
Downloads 168 (323,468)

Abstract:

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: Empiricism, Logical Positivism, Critical Realism, Economic Methodology

46.

New Directions in Macroeconomics

International Econometric Review, Volume 12, Issue 1, 2020, 1 - 23
Number of pages: 24 Posted: 22 Oct 2020 Last Revised: 23 Jan 2024
Asad Zaman and Sidika Basci
Al-Nafi and ESTIM Forecasting Center
Downloads 166 (326,841)

Abstract:

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Political Economy, Complexity Economics, Ecological Economics, Post-Keynesian Economics, Islamic Economics

47.

Transformation of Human Behavior as a Central Strategy for Islamic Economics

Paper prepared for the 12th ICIEF (international Conference on Islamic Economics and Finance) at Ummul-Qura University, 5-6 Feb 2019, Mecca, Saudi Arabia
Number of pages: 22 Posted: 03 Sep 2018 Last Revised: 10 Sep 2018
Asad Zaman
Al-Nafi
Downloads 162 (333,835)

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Islamic Economics, Homo Economicus, Homo Islamicus, Transformation of Human Behavior

48.

Lessons in Econometric Methodology: The Axiom of Correct Specification

International Econometric Review, Vol 9, Iss 2., September 2017
Number of pages: 23 Posted: 15 Dec 2017
Asad Zaman
Al-Nafi
Downloads 162 (333,835)

Abstract:

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Econometric Methodology, Model Selection, Spurious Regression

49.

Detecting Structural Change with Heteroskedasticity

Communications in Statistics — Theory and Methods, Volume 46, 2017 - Issue 21, Doi.org/10.1080/03610926.2016.1235200
Number of pages: 20 Posted: 19 Oct 2017 Last Revised: 22 Oct 2019
Mumtaz Ahmed, Gulfam Haider and Asad Zaman
Cornell University, International Islamic University, Islamabad and Al-Nafi
Downloads 160 (337,329)
Citation 1

Abstract:

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Regime Shift; Heteroskedasticity; Bootstrap

50.

Subjective Probability Does Not Exist

Number of pages: 33 Posted: 18 Dec 2019
Asad Zaman
Al-Nafi
Downloads 157 (344,530)
Citation 1

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Subjective Probability, Bayesian Probability, Foundations of Probability, Frequency Theory

51.

Charity and Gift Exchange in Pakistan

Number of pages: 23 Posted: 31 Aug 2009 Last Revised: 19 Aug 2014
Saima Naeem and Asad Zaman
State Bank of Pakistan and Al-Nafi
Downloads 154 (348,220)
Citation 1

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gift exchange, charity Giving

52.

Three Generations of Islamic Economics

The International Journal of Islam, Vol 1, Issue 2, November 2023
Number of pages: 12 Posted: 30 Nov 2023
Asad Zaman
Al-Nafi
Downloads 152 (353,993)

Abstract:

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Social Science, History, Islamic Economics,

53.

Rebuilding Islamic Economics on New Foundations

Turkish Journal of Islamic Economics, Volume: (2022, Feb) 9 / Issue: 1 Page: 1-30
Number of pages: 25 Posted: 27 Aug 2021 Last Revised: 23 Jan 2024
Asad Zaman
Al-Nafi
Downloads 151 (355,792)

Abstract:

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Moral Philosophy, Secular Modernity, Ibn-e-Khaldun, Methodology, Islamic Fiqh

54.

A Method for Detecting Structural Breaks and an Application to the Turkish Stock Market

METU Studies in Development, Vol. 27, No. 1-2, pp. 35-45, 2000
Number of pages: 10 Posted: 31 Jan 2009
Erdem Basci, Sidika Basci and Asad Zaman
Bilkent University - Department of Economics, ESTIM Forecasting Center and Al-Nafi
Downloads 149 (357,736)

Abstract:

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structural change, sup F test, rolling Chow test, Bootstrap

55.

Tests for Normality Based on Robust Regression Residuals

DEVELOPMENTS IN ROBUST STATISTICS, R. Dutter, P. Filzmoser, U. Gather, & P.J. Rousseeuw, eds., 2003
Number of pages: 13 Posted: 13 Mar 2009
A. Ozlem Onder and Asad Zaman
Ege University - Department of Economics and Al-Nafi
Downloads 142 (371,825)

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robust regression, normality test, OLS residuals, robust residuals

56.

Power/Knowledge and Economic Theories

“Power/Knowledge and Economic Theories,” Lahore Journal of Policy Studies. vol 4, No 1, p. 71-78, 2011
Number of pages: 8 Posted: 02 Jun 2013
Asad Zaman
Al-Nafi
Downloads 137 (384,493)
Citation 1

Abstract:

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Power Knowledge, History of Economic Thought

57.

Crisis in Islamic Economics: Diagnosis and Prescriptions

Journal of King Abdulaziz University: Islamic Economics, Vol. 25, No. 1, 2012
Number of pages: 24 Posted: 11 Nov 2017
Asad Zaman
Al-Nafi
Downloads 136 (384,493)
Citation 7

Abstract:

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Islamization of Knowledge, Islamic Economics, Economic Methodology

58.

Tests for Structural Change, Aggregation, and Homogeneity

Economic Modelling 27.6 (2010): 1382-1391.
Number of pages: 31 Posted: 19 Feb 2010 Last Revised: 11 Oct 2017
Esfandiar Maasoumi, Asad Zaman and Mumtaz Ahmed
Emory University, Al-Nafi and Cornell University
Downloads 136 (384,493)
Citation 1

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Structural Change,

59.

Islamic Alternatives to the Secular Morality Embedded in Modern Economics

Journal of King Abdulaziz University: Islamic Economics, Forthcoming
Number of pages: 23 Posted: 23 Mar 2021
Asad Zaman
Al-Nafi
Downloads 123 (415,489)

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Moral Philosophy, Logical Positivism, Modern Economics, Islamic Economics

60.

İslam Ekonomisi Umudunun Yeniden Doğuşu (Reviving the Promise of Islamic Economics)

Vol 3 No. 3, Uluslararası İslam Ekonomisi ve Finansı Araştırmaları Dergisi,2017 (INTERNATIONAL JOURNAL OF ISLAMIC ECONOMICS AND FINANCE STUDIES)
Number of pages: 18 Posted: 05 Sep 2018 Last Revised: 08 Oct 2018
Asad Zaman
Al-Nafi
Downloads 123 (415,489)

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Islamic Economics, Islamic Financial Institutions, Spirit of Capitalism, Cooperation, Generosity

61.

The 'Invisible Hand'

Number of pages: 7 Posted: 04 Apr 2012
Asad Zaman
Al-Nafi
Downloads 116 (434,033)

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invisible hand, social welfare, selfish behavior

62.

Islamic Approaches to Sustainable Development

vol 10, no 1, p 46-60, Int. J. Pluralism and Economics Education. 2019
Number of pages: 15 Posted: 20 Dec 2021
Asad Zaman and Junaid Qadir
Al-Nafi and ITU Lahore
Downloads 111 (448,529)

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Sustainable Development, Islamic Economics, Islamic Sustainable Development

63.

On the Impossibility of Events of Zero Probability

Theory and Decision, Vol. 23, No. 2, 1987
Number of pages: 2 Posted: 02 Jan 2009 Last Revised: 30 Jan 2009
Asad Zaman
Al-Nafi
Downloads 97 (493,011)

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impossibility, zero probability, foundations of probability

64.

The Puzzle of Western Social Science

Academia Letters, article 459, March 2021
Number of pages: 4 Posted: 29 Mar 2021 Last Revised: 30 Mar 2021
Asad Zaman
Al-Nafi
Downloads 93 (506,544)

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Social Science, Value Free, Eurocentric

65.

An Islamic Approach to Humanities

Journal of King Abdulaziz University: Islamic Economics, Vol. 27, No. 2, 2014
Number of pages: 26 Posted: 08 Nov 2017
Asad Zaman
Al-Nafi
Downloads 92 (510,028)
Citation 1

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Freedom of Choice, Morality, Scientific Method, Revelation

66.

Launching a Revolution, Based on Islamic Foundations

Downloads 90 (517,154)

Launching a Revolution, Based on Islamic Foundations

JKAU: Islamic Econ., Vol. 32 No. 2, pp: 77-88, July 2019; DOI:10.4197/Islec. 32-2.5
Number of pages: 12 Posted: 30 Oct 2019
Asad Zaman
Al-Nafi
Downloads 46 (748,036)

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Economics Education, Pluralism, Islamic Economics, Power/Knowledge

Launching a Revolution based on Islamic Foundations

Journal of King Abdulaziz University: Islamic Economics, Vol. 32, No. 2, 2019
Number of pages: 12 Posted: 10 Oct 2019
Asad Zaman
Al-Nafi
Downloads 44 (762,306)

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Economics education, Pluralism, Islamic economics, Power/Knowledge

67.

Anti-Poverty Policies and Anti-Poor Philosophies

Journal of Business and Economics Vol 2 Number 2 July-December 2010
Number of pages: 11 Posted: 02 Jun 2013
Asad Zaman
Al-Nafi
Downloads 87 (528,130)

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Poverty, SAP, Power Knowledge

68.

Admissibility of the Maximum Likelihood Estimate of the Reciprocal of a Normal Mean with a Class of Zero-One Loss Functions

Sankhya: The Indian Journal of Statistics, Vol. 47, Series A, Part 2, pp. 239-246, 1985
Number of pages: 8 Posted: 31 Jan 2009
Asad Zaman
Al-Nafi
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admissibility, statistical decision theory, generalized Bayes, reciprocal of a normal mean

69.

Wealth as an Indicator of Socio-Economic Development: Islamic Views

Chapter 6 of Towards a Maqāsid al-Sharī ah Index of Socio-Economic Development: Theory and Application ed. Salman Syed Ali, Palgrave-MacMillan, Oct 2019
Number of pages: 11 Posted: 15 Aug 2018 Last Revised: 23 Oct 2019
Asad Zaman, Arif Naveed and Atiq Ur Rehman
Al-Nafi, University of Cambridge and Quaid-i-Azam University - Pakistan Institute of Development Economics (PIDE)
Downloads 82 (547,488)

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Wealth, Poverty Index, Scorecard Approach, Multidimensional Poverty Index

70.

How Theories Shape, and are Shaped by History

Chapter in Karl Polanyi Handbook (Forthcoming)
Number of pages: 10 Posted: 15 Dec 2022 Last Revised: 17 Dec 2022
Chaitawat Boonjubun and Asad Zaman
University of Helsinki - Faculty of Social Sciences and Al-Nafi
Downloads 78 (563,696)

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Poverty, Capitalism, Paternalism, Methdology, History

71.

Variance Estimates and Model Selection

International Econometric Review. Vol. 2, No. 2, September 2010
Number of pages: 17 Posted: 10 Oct 2010
Asad Zaman, Sidika Basci and Arzdar Kiraci
Al-Nafi, ESTIM Forecasting Center and Başkent University
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Autoregressive Process, Lag Order Determination, Model Selection Criteria, Cross Validation

72.

Transition to Secular Thought in Europe: Lessons for Muslims

Insights, Vol 4, No 3-4, Da'wah Academy, International Islamic University, Islamabad, Spring–Summer 2012
Number of pages: 39 Posted: 18 Mar 2021
Asad Zaman
Al-Nafi
Downloads 76 (572,249)

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secular modernity, archaeology of knowledge, european history

73.

A Minimax Bias Estimator for OLS Variances Under Heteroskedasticity

Number of pages: 16 Posted: 19 May 2014
Mumtaz Ahmed and Asad Zaman
Cornell University and Al-Nafi
Downloads 74 (580,905)

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Eicker-White, OLS, Bias, Worst Case Bias.

74.

Implicit Nulls and Alternatives for Hypothesis Tests

revised version of CORE Discussion Paper No 1990022, UCL, Belgium -- original title: What Do Tests for Heteroskedasticity Detect?
Number of pages: 20 Posted: 23 Aug 2014
Jayasri Dutta and Asad Zaman
University of Birmingham - Department of Economics and Al-Nafi
Downloads 68 (608,209)

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Heteroskedasticity, Implicit Null, Implicit Alternative, Hypothesis Testing

75.

Monetary Paradoxes of Baby Sitting Cooperative

The Pakistan Development Review 2021, Pakistan Institute of Development Economics, vol. 60(1), pages 1-16.
Number of pages: 15 Posted: 29 May 2016 Last Revised: 22 Aug 2023
Asad Zaman
Al-Nafi
Downloads 65 (622,699)

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Monetary policy, Keynesian economics, sunspot equilibria, neutrality of money

76.

Response to Comments On: Crisis in Islamic Economics: Diagnosis & Prescriptions

Journal of King Abdulaziz University: Islamic Economics, Vol. 25, No. 2, 2012
Number of pages: 26 Posted: 07 Jan 2018
Asad Zaman
Al-Nafi
Downloads 62 (637,872)

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Diagnosis, Islamic Economics, Spiritual Development

77.

Charity and Gift Exchange: Cultural Effects

Voluntas: International Journal of Voluntary and Nonprofit Organizations, Forthcoming
Number of pages: 24 Posted: 12 Sep 2015
Saima Naeem and Asad Zaman
State Bank of Pakistan and Al-Nafi
Downloads 61 (643,003)
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Gift Exchange, Charitable Giving, Culture

78.

Gender and Ultimatum in Pakistan: Revisited

Pakistan Development Review, Vol 53, Number 1, Spring 2014, p 1-14
Number of pages: 25 Posted: 02 Jul 2015
Saima Naeem and Asad Zaman
State Bank of Pakistan and Al-Nafi
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Ultimatum game, gender, cultural effects, generosity

79.

İslam Ekonomisini Yeniden Tanımlamak (Re-Defining Islamic Economics)

Chapter in İslam İktisadını Yeniden Düşünmek (March 2017), eds. Taha Eğri, Necmettin Kızılkaya, Oğuz Karasu, ktisat Yayınları, p 81-107
Number of pages: 29 Posted: 27 Dec 2019
Asad Zaman
Al-Nafi
Downloads 47 (724,251)

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Islamic Economics

80.

Avoiding Model Selection by the Use of Shrinkage Techniques

Journal of Econometrics Journal of Econometrics, Vol. 25, pp. 73-85, 1984
Posted: 27 Mar 2009
Asad Zaman
Al-Nafi
Downloads 44 (743,964)

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model selection, Akaike Information Criterion, Bayesian model averaging, prediction criteria

81.

Positivist Misconceptions: An Obstacle to Understanding Pluralism

International Journal of Pluralism and Economics Education, Vol 7, No. 1, p. 93-96, 2016
Number of pages: 3 Posted: 21 May 2019
Asad Zaman
Al-Nafi
Downloads 32 (833,272)
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Logical Positivism, Pluralism, Knowledge

82.

Reclaiming our Lives and Our Planet

International Journal of Pluralism in Economics Education (2021) Vol 12, No 2 p 102-113
Number of pages: 11 Posted: 24 Sep 2021 Last Revised: 23 Jan 2024
Asad Zaman
Al-Nafi
Downloads 30 (849,821)

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83.

The Concept of Stringency for Test Comparison: The Case of a Cauchy Location Parameter

International Econometric Review, Vol 9 No. 1 April 2017
Number of pages: 18 Posted: 07 May 2019
Arif Zaman, Asad Zaman and Atiq Ur Rehman
affiliation not provided to SSRN, Al-Nafi and Quaid-i-Azam University - Pakistan Institute of Development Economics (PIDE)
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Stringency, Test Comparisons, Hypothesis Tests

84.

Free Trade and Development

Number of pages: 7 Posted: 19 Oct 2023
S. Ahmad and Asad Zaman
McMaster University - Department of Economics and Al-Nafi
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Free Trade, India

85.

Positivism and the Plight of the Planet

to appear in special issue of Real World Economics Review, on “How can we construct an economics consistent with the biophysical limits to economic growth?”
Number of pages: 9 Posted: 20 Dec 2023
Asad Zaman
Al-Nafi
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Logical Positivism, Epistemology, Climate Crisis, Great Transformation, Methodology

86.

Robust Tests for Normality of Errors in Regression Models

Economics Letters, Vol. 86, pp. 63-68, 2005
Posted: 07 Feb 2005
A. Ozlem Onder and Asad Zaman
Ege University - Department of Economics and Al-Nafi

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Normality tests, robust regression, least trimmed squares

Other Papers (1)

Total Downloads: 66
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1.

Sunspot Equilibria of Baby-Sitting Cooperatives

Number of pages: 17 Posted: 19 Aug 2014
Asad Zaman
Al-Nafi
Downloads 66 (361,741)

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Monetary policy, recession, Keynesian economics, sunspot equilibria