Sharia Banking Position in the Economic and the National Legal System

Widuhung, Sisca Debyola; Machmud, Aris

doi:10.46799/ijssr.v2i9.142

Cited by 1 publication

(1 citation statement)

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“…However, due to the lack of integration of interconnection theory to detail complex relationships between market participants, especially in identifying the dynamics of linkages between price policy and market behavior, the findings are partial. The integration-interconnection paradigm can be used to bridge this gap by emphasizing the interrelationships between various elements in a legal economic system [23].…”

Section: The Urgency Of Integration-interconnection Legal and Economi...mentioning

confidence: 99%

Innovative Legal Modeling for Interdisciplinary Studies on Law and Economic Behavior

Isman,

Muttaqin

2023

ijoel

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This study introduces a new paradigm for interdisciplinary empirical legal research by presenting a groundbreaking perspective on the integration and interconnectedness of law and economics. Our research argues for the necessity of this shift. The conventional pragmatic paradigm, which risks fragmenting concepts and methods by reducing meaning to mere data and facts, is eschewed in favor of an integrationinterconnection theory. This paper investigates the theoretical foundations of the proposed paradigm through library research and philosophical inquiry. Our research uncovers two distinct approaches within the new empirical legal studies paradigm. Firstly, the historical approach requires a restructuring of the theory, leading to multidimensional and holistic models. Secondly, the philosophyasasystem approach necessitates method restructuring by utilizing cognitive, holistic, open, and purposeful models. The integration aspect of the paradigm necessitates a comprehensive theoretical restructuring, while the interconnection aspect requires a broadened viewpoint. The historical approach is demonstrated by historical reformation, which encompasses multidimensional and holistic models. In contrast, the philosophyasasystem approach entails methodical reforms through the incorporation of models that focus on cognition, wholeness, openness, and purposefulness. The historical and methodical restructuring prototypes can be seen in the Integrative Legal Theory Model and the Critical Legal Functionalism Model. Our study highlights the significance of incorporating economic behavior into the interdisciplinary framework of empirical legal studies. This will enable a more comprehensive understanding of the complex connections between law and economic dynamics.

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Section: The Urgency Of Integration-interconnection Legal and Economi...mentioning

confidence: 99%