Efficiency is the name of conforming to laws of nature. Ideal performance of interest driven system requires the investment to produce nearly same rate of return so that interest rate may be considered a means of sharing of profit between financier and entrepreneurs and investment may not suffer adversely, but that being grossly contrary to nature, the system is inefficient.
Complexity economics taught us that the world is an ever-changing system with no simple answers. The Dynamic Prescriptive Economics framework takes this knowledge and turns it into a governing principle: Adaptive Governance.
It provides a robust, measurable methodology to:
Quantify the cost of trade-offs using NBCs.
Design a path to synergy using STOs.
Integrate long-term wisdom using AER.
Islamic Economics Project 