The law of consistency and socio-economic development

The paper intends to give support to the statement that there is no worldview other than the unity of the divine law of tawhid in the qur'an which can properly explain in a cognizant and formal manner the differential socio-economic development experience in the world today. to this end the world empirical phenomena will be divided in two groups: the physical phenomena which are the subject of the physical sciences and the human phenomena which are the subject of the social sciences. it may appear at first sight that these phenomena are guided by different natural laws. on deeper investigation and at the most fundamental level,however,it is seen that they are guided by the same divine law,the law of consistency. while the discussion will include ideas about the physical phenomena,the emphasis of the paper will be on the human phenomena,specifically on the economy,finance and development. based upon the general applicability of the law of consistency in human societies in the contemporary world and in historical time,it is strongly recommended that muslim countries review their development strategies to make them more in line with the basic values of syariah economics.