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Islamic Economics and the Environment: A Study on Entropy

Year 2024, Volume: 7 Issue: 3, 227 - 237, 15.07.2024
https://doi.org/10.59445/ijephss.1495746

Abstract

This study examines the concept of entropy in the context of Islamic economics and the environment. In particular, it analyzes the relationship between entropy and the environment and addresses important environmental issues related to the sustainable use of natural resources. The aim of the study is to emphasize that entropic processes are a highly explanatory variable in the context of Islamic economics, that Islamic economic environmental philosophy should be further synthesized with the concept of entropy, and that entropy can provide an empirical framework for environmental issues. Throughout the study, it is assumed that Islamic economic philosophy has a natural environmental sensitivity and offers a natural measure of degradation. In this context, it is emphasized that the concept of entropy should find a wider place in the Islamic economics literature and Islamic economics theorists should develop approaches in this direction. The fact that the literature on Islamic economics and the environment is quite scarce and the existing studies generally address environmental problems through philosophical propositions brings the empirical concerns of the study to the forefront. In this context, the study focuses on the concept of entropy, which is a very important concept in the physics literature. The fact that there is no literature that deals with environmental problems at the level of Islamic economics and entropy increases the importance and originality of the study.

Ethical Statement

It is declared that scientific and ethical principles have been followed while carrying out and writing this study and that all the sources used have been properly cited.

Supporting Institution

This research received no specific grant from any funding agency in the public, commercial, or not-for-profit sectors.

References

  • Arrow, K., Bolin, B., Costanza, R., Dasgupta, P., Folke, C., Holling, C. S., ... & Pimentel, D. (1995). Economic growth, carrying capacity, and the environment. Ecological economics, 15(2), 91-95. https://doi.org/10.1016/0921-8009(95)00059-3
  • Arthur, W. B. (2021). Foundations of complexity economics. Nature Reviews Physics, 3(2), 136-145. https://www.nature.com/articles/s42254-020-00273-3
  • Attahiru, M. S., Al-Aidaros, A. H. M. H., & Yusof, S. M. (2019). The moderating role of Hisbah principles on the relationship between Islamic culture and Islamic business ethics. International Journal of Innovation, Creativity and Change, 5(2), 1478-1499. https://www.academia.edu/download/77456070/84_Attahiru_P_1478_2019R.pdf
  • Bulut, F. (2017). Different mathematical models for entropy in information theory. Bilge International Journal of Science and Technology Research, 1(2), 167-174. https://dergipark.org.tr/en/pub/bilgesci/issue/32353/335439
  • Cojanu, V. (2009). Georgescu‐Roegen's entropic model: a methodological appraisal. International Journal of Social Economics, 36(3), 274-286. https://doi.org/10.1108/03068290910932756
  • Conca, K. (2001). Consumption and environment in a global economy. Global Environmental Politics, 1(3), 53-71. https://doi.org/10.1162/152638001316881403
  • Daly, H. E. (2007). Ecological economics and sustainable development, Selected Essays of Herman Daly. Edward Elgar Publishing.
  • Demirgil, B., & Türkay, H. (2017). Tarihsel Süreç İçerisinde Faiz Olgusunun Kuramsal Açıdan Gelişimi. Cumhuriyet Üniversitesi İktisadi ve İdari Bilimler Dergisi, 18(2), 131-160. https://dergipark.org.tr/en/download/article-file/370359?sa=X&ved=2ahUKEwiUoOr2gYLnAhVDjqQKHWzuDg0QFjAEegQIARAB
  • Dutton, Y. (2003). The environmental crisis of our time: A Muslim response, Foltz R. & F. M. Danny (Ed.), Islam and Ecology, a bestowed trust (pp. 322-340), Harvard University Press.
  • Dyke, C. (1994). From entropy to economy: a thorny path. Peter Burley & Jhon Foster (Ed.) In Economics and Thermodynamics: New Perspectives on Economic Analysis (pp. 207-238). Dordrecht: Springer Netherlands.
  • El Diwany, T. (2011). Faiz Sorunu. (M. Saraç (Çev) 1. Baskı) İstanbul: İz Yayıncılık.
  • Floyd, J. (2007). Thermodynamics, entropy and disorder in futures studies. Futures, 39(9), 1029-1044. https://doi.org/10.1016/j.futures.2007.03.011
  • Georgescu-Roegen, N. (1971). The entropy law and the economic process. Harvard university press. https://doi.org/10.4159/harvard.9780674281653
  • Grübler, A., Nakićenović, N., & Victor, D. G. (1999). Modeling technological change: implications for the global environment. Annual Review of Energy and the Environment, 24(1), 545-569. https://doi.org/10.1146/annurev.energy.24.1.545
  • Hassan, A., (2005). Islamic economics and the environment: Material flow analysis in society-nature interrelationships. Journal of King Abdulaziz University: Islamic Economics, 18(1).
  • Islam, M. A. (2016). An essay on the ethics of Islam towards environmental resources. Revelation and Science, 6(2), 9-23. https://doi.org/10.31436/revival.v6i2.180
  • Jakimowicz, A. (2020). The role of entropy in the development of economics. Entropy, 22(4), 452, 1-25. https://doi.org/10.3390/e22040452
  • Kåberger, T., & Månsson, B. (2001). Entropy and economic processes—physics perspectives. Ecological Economics, 36(1), 165-179. https://doi.org/10.1016/S0921-8009(00)00225-1
  • Kondepudi, D., & Prigogine, I. (2015). Modern thermodynamics: from heat engines to dissipative structures. (2nd ed.). John Wiley & Sons. https://doi.org/10.1002/9781118698723.ch1
  • Kutval, Y. & Kanbir, Ö. (2021). Çevre ve ekoloji, İslam iktisadı yaklaşımı, İstanbul: İktisat yayınları.
  • Kümmel, R., & Lindenberger, D. (2020). Energy, entropy, constraints, and creativity in economic growth and crises. Entropy, 22(10), 1156. https://doi.org/10.3390/e22101156
  • Lebon, G., Jou, D., & Casas-Vázquez, J. (2008). Understanding non-equilibrium thermodynamics, foundadions, applications, frontiers. Berlin: Springer. https://doi.org/10.1007/978-3-540-74252-4
  • Lieb, E. H., & Yngvason, J. (1999). The physics and mathematics of the second law of thermodynamics. Physics Reports, 310(1), 1-96. https://doi.org/10.1016/S0370-1573(98)00082-9
  • Ludwig, D., & Iannuzzi, T. (2008, June 2). Hidden Dimensions of Stewardship. Human and Ecological Risk Assessment: An International Journal, 14 (3), 437-438. https://doi.org/10.1080/10807030802077207
  • Maisseu, A., & Voss, A. (1995). Energy, entropy and sustainable development. International journal of global energy issues, 8(1-3), 201-220. https://doi.org/10.1504/IJGEI.1995.063497
  • Masri, A. H. B. A. (2016). Animal welfare in Islam. Kube Publishing Ltd.
  • Mirza, M., & Baydoun, N. (2000). Accounting policy choice in a riba-free environment. Accounting, Commerce & Finance: The Islamic Perspective Journal, 4(1), 30-47. https://www.academia.edu/download/39927490/Accounting_Policy_Choice_in_A_Riba_free.pdf
  • Motesharrei, S., Rivas, J., Kalnay, E., Asrar, G. R., Busalacchi, A. J., Cahalan, R. F., ... & Zeng, N. (2016). Modeling sustainability: population, inequality, consumption, and bidirectional coupling of the Earth and Human Systems. National Science Review, 3(4), 470-494. https://doi.org/10.1093/nsr/nww081
  • Muhamad, A., Syihab, A H., & Achour, M. (2019, June 26). Quranic Messages on Environmental Sustainability: an Expository Study of Its Relevance. https://doi.org/10.1163/22321969-12340069
  • Muhamad, A., Syihab, A. H., & Ibrahim, A. H. (2020). Preserving human–nature’s interaction for sustainability: Quran and Sunnah perspective. Science and engineering ethics, 26(2), 1053-1066. https://link.springer.com/article/10.1007/s11948-020-00192-7
  • Natal, J., Ávila, I., Tsukahara, V. B., Pinheiro, M., & Maciel, C. D. (2021). Entropy: From thermodynamics to information processing. Entropy, 23(10), 1340, 1-14. https://doi.org/10.3390/e23101340
  • Oates, W. E., & Portney, P. R. (2003). The political economy of environmental policy. In Handbook of environmental economics, 1, 325-354. https://doi.org/10.1016/S1574-0099(03)01013-1
  • Schaltegger, S., & Synnestvedt, T. (2002). The link between ‘green’and economic success: environmental management as the crucial trigger between environmental and economic performance. Journal of environmental management, 65(4), 339-346. https://doi.org/10.1006/jema.2002.0555
  • Sen, A. (2013). A survey of sustainable development: social and economic dimensions (Vol. 6). Island Press.
  • Smulders, S. (1995). Entropy, environment, and endogenous economic growth. International Tax and public finance, 2, 319-340. https://link.springer.com/article/10.1007/BF00877504
  • Struchtrup, H. (2014). Thermodynamics and energy conversion. Springer. https://doi.org/ 10.1007/978-3-662-43715-5
  • Türkiye Diyanet Vakfı (TDV) (13 Mart 2024). İslam Ansiklopedisi. https://islamansiklopedisi.org.tr/riba
  • Ursacescu, M., & Cioc, M. (2016). Evaluation of information entropy in organizational system. Management and Economics Review, 1(2), 82-91. https://www.ceeol.com/search/article-detail?id=681022
  • Zakir Hossain, M. (2009). Why is interest prohibited in Islam? A statistical justification. Humanomics, 25(4), 241-253. https://doi.org/10.1108/08288660910997610

Islamic Economics and the Environment: A Study on Entropy

Year 2024, Volume: 7 Issue: 3, 227 - 237, 15.07.2024
https://doi.org/10.59445/ijephss.1495746

Abstract

This study examines the concept of entropy in the context of Islamic economics and the environment. In particular, it analyzes the relationship between entropy and the environment and addresses important environmental issues related to the sustainable use of natural resources. The aim of the study is to emphasize that entropic processes are a highly explanatory variable in the context of Islamic economics, that Islamic economic environmental philosophy should be further synthesized with the concept of entropy, and that entropy can provide an empirical framework for environmental issues. Throughout the study, it is assumed that Islamic economic philosophy has a natural environmental sensitivity and offers a natural measure of degradation. In this context, it is emphasized that the concept of entropy should find a wider place in the Islamic economics literature and Islamic economics theorists should develop approaches in this direction. The fact that the literature on Islamic economics and the environment is quite scarce and the existing studies generally address environmental problems through philosophical propositions brings the empirical concerns of the study to the forefront. In this context, the study focuses on the concept of entropy, which is a very important concept in the physics literature. The fact that there is no literature that deals with environmental problems at the level of Islamic economics and entropy increases the importance and originality of the study.

Ethical Statement

Bu çalışmayı herhangi bir kurumdan ve bireyden destek almadan hazırladığımı beyan ederim.

References

  • Arrow, K., Bolin, B., Costanza, R., Dasgupta, P., Folke, C., Holling, C. S., ... & Pimentel, D. (1995). Economic growth, carrying capacity, and the environment. Ecological economics, 15(2), 91-95. https://doi.org/10.1016/0921-8009(95)00059-3
  • Arthur, W. B. (2021). Foundations of complexity economics. Nature Reviews Physics, 3(2), 136-145. https://www.nature.com/articles/s42254-020-00273-3
  • Attahiru, M. S., Al-Aidaros, A. H. M. H., & Yusof, S. M. (2019). The moderating role of Hisbah principles on the relationship between Islamic culture and Islamic business ethics. International Journal of Innovation, Creativity and Change, 5(2), 1478-1499. https://www.academia.edu/download/77456070/84_Attahiru_P_1478_2019R.pdf
  • Bulut, F. (2017). Different mathematical models for entropy in information theory. Bilge International Journal of Science and Technology Research, 1(2), 167-174. https://dergipark.org.tr/en/pub/bilgesci/issue/32353/335439
  • Cojanu, V. (2009). Georgescu‐Roegen's entropic model: a methodological appraisal. International Journal of Social Economics, 36(3), 274-286. https://doi.org/10.1108/03068290910932756
  • Conca, K. (2001). Consumption and environment in a global economy. Global Environmental Politics, 1(3), 53-71. https://doi.org/10.1162/152638001316881403
  • Daly, H. E. (2007). Ecological economics and sustainable development, Selected Essays of Herman Daly. Edward Elgar Publishing.
  • Demirgil, B., & Türkay, H. (2017). Tarihsel Süreç İçerisinde Faiz Olgusunun Kuramsal Açıdan Gelişimi. Cumhuriyet Üniversitesi İktisadi ve İdari Bilimler Dergisi, 18(2), 131-160. https://dergipark.org.tr/en/download/article-file/370359?sa=X&ved=2ahUKEwiUoOr2gYLnAhVDjqQKHWzuDg0QFjAEegQIARAB
  • Dutton, Y. (2003). The environmental crisis of our time: A Muslim response, Foltz R. & F. M. Danny (Ed.), Islam and Ecology, a bestowed trust (pp. 322-340), Harvard University Press.
  • Dyke, C. (1994). From entropy to economy: a thorny path. Peter Burley & Jhon Foster (Ed.) In Economics and Thermodynamics: New Perspectives on Economic Analysis (pp. 207-238). Dordrecht: Springer Netherlands.
  • El Diwany, T. (2011). Faiz Sorunu. (M. Saraç (Çev) 1. Baskı) İstanbul: İz Yayıncılık.
  • Floyd, J. (2007). Thermodynamics, entropy and disorder in futures studies. Futures, 39(9), 1029-1044. https://doi.org/10.1016/j.futures.2007.03.011
  • Georgescu-Roegen, N. (1971). The entropy law and the economic process. Harvard university press. https://doi.org/10.4159/harvard.9780674281653
  • Grübler, A., Nakićenović, N., & Victor, D. G. (1999). Modeling technological change: implications for the global environment. Annual Review of Energy and the Environment, 24(1), 545-569. https://doi.org/10.1146/annurev.energy.24.1.545
  • Hassan, A., (2005). Islamic economics and the environment: Material flow analysis in society-nature interrelationships. Journal of King Abdulaziz University: Islamic Economics, 18(1).
  • Islam, M. A. (2016). An essay on the ethics of Islam towards environmental resources. Revelation and Science, 6(2), 9-23. https://doi.org/10.31436/revival.v6i2.180
  • Jakimowicz, A. (2020). The role of entropy in the development of economics. Entropy, 22(4), 452, 1-25. https://doi.org/10.3390/e22040452
  • Kåberger, T., & Månsson, B. (2001). Entropy and economic processes—physics perspectives. Ecological Economics, 36(1), 165-179. https://doi.org/10.1016/S0921-8009(00)00225-1
  • Kondepudi, D., & Prigogine, I. (2015). Modern thermodynamics: from heat engines to dissipative structures. (2nd ed.). John Wiley & Sons. https://doi.org/10.1002/9781118698723.ch1
  • Kutval, Y. & Kanbir, Ö. (2021). Çevre ve ekoloji, İslam iktisadı yaklaşımı, İstanbul: İktisat yayınları.
  • Kümmel, R., & Lindenberger, D. (2020). Energy, entropy, constraints, and creativity in economic growth and crises. Entropy, 22(10), 1156. https://doi.org/10.3390/e22101156
  • Lebon, G., Jou, D., & Casas-Vázquez, J. (2008). Understanding non-equilibrium thermodynamics, foundadions, applications, frontiers. Berlin: Springer. https://doi.org/10.1007/978-3-540-74252-4
  • Lieb, E. H., & Yngvason, J. (1999). The physics and mathematics of the second law of thermodynamics. Physics Reports, 310(1), 1-96. https://doi.org/10.1016/S0370-1573(98)00082-9
  • Ludwig, D., & Iannuzzi, T. (2008, June 2). Hidden Dimensions of Stewardship. Human and Ecological Risk Assessment: An International Journal, 14 (3), 437-438. https://doi.org/10.1080/10807030802077207
  • Maisseu, A., & Voss, A. (1995). Energy, entropy and sustainable development. International journal of global energy issues, 8(1-3), 201-220. https://doi.org/10.1504/IJGEI.1995.063497
  • Masri, A. H. B. A. (2016). Animal welfare in Islam. Kube Publishing Ltd.
  • Mirza, M., & Baydoun, N. (2000). Accounting policy choice in a riba-free environment. Accounting, Commerce & Finance: The Islamic Perspective Journal, 4(1), 30-47. https://www.academia.edu/download/39927490/Accounting_Policy_Choice_in_A_Riba_free.pdf
  • Motesharrei, S., Rivas, J., Kalnay, E., Asrar, G. R., Busalacchi, A. J., Cahalan, R. F., ... & Zeng, N. (2016). Modeling sustainability: population, inequality, consumption, and bidirectional coupling of the Earth and Human Systems. National Science Review, 3(4), 470-494. https://doi.org/10.1093/nsr/nww081
  • Muhamad, A., Syihab, A H., & Achour, M. (2019, June 26). Quranic Messages on Environmental Sustainability: an Expository Study of Its Relevance. https://doi.org/10.1163/22321969-12340069
  • Muhamad, A., Syihab, A. H., & Ibrahim, A. H. (2020). Preserving human–nature’s interaction for sustainability: Quran and Sunnah perspective. Science and engineering ethics, 26(2), 1053-1066. https://link.springer.com/article/10.1007/s11948-020-00192-7
  • Natal, J., Ávila, I., Tsukahara, V. B., Pinheiro, M., & Maciel, C. D. (2021). Entropy: From thermodynamics to information processing. Entropy, 23(10), 1340, 1-14. https://doi.org/10.3390/e23101340
  • Oates, W. E., & Portney, P. R. (2003). The political economy of environmental policy. In Handbook of environmental economics, 1, 325-354. https://doi.org/10.1016/S1574-0099(03)01013-1
  • Schaltegger, S., & Synnestvedt, T. (2002). The link between ‘green’and economic success: environmental management as the crucial trigger between environmental and economic performance. Journal of environmental management, 65(4), 339-346. https://doi.org/10.1006/jema.2002.0555
  • Sen, A. (2013). A survey of sustainable development: social and economic dimensions (Vol. 6). Island Press.
  • Smulders, S. (1995). Entropy, environment, and endogenous economic growth. International Tax and public finance, 2, 319-340. https://link.springer.com/article/10.1007/BF00877504
  • Struchtrup, H. (2014). Thermodynamics and energy conversion. Springer. https://doi.org/ 10.1007/978-3-662-43715-5
  • Türkiye Diyanet Vakfı (TDV) (13 Mart 2024). İslam Ansiklopedisi. https://islamansiklopedisi.org.tr/riba
  • Ursacescu, M., & Cioc, M. (2016). Evaluation of information entropy in organizational system. Management and Economics Review, 1(2), 82-91. https://www.ceeol.com/search/article-detail?id=681022
  • Zakir Hossain, M. (2009). Why is interest prohibited in Islam? A statistical justification. Humanomics, 25(4), 241-253. https://doi.org/10.1108/08288660910997610
There are 39 citations in total.

Details

Primary Language English
Subjects Ecological Economics, Heterodox Economics, Mathematical Economics
Journal Section Articles
Authors

Yunus Kutval 0000-0003-0063-9157

Publication Date July 15, 2024
Submission Date June 4, 2024
Acceptance Date July 5, 2024
Published in Issue Year 2024 Volume: 7 Issue: 3

Cite

APA Kutval, Y. (2024). Islamic Economics and the Environment: A Study on Entropy. Uluslararası Ekonomi Siyaset İnsan Ve Toplum Bilimleri Dergisi, 7(3), 227-237. https://doi.org/10.59445/ijephss.1495746

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