Scientific Socialism and Economic Growth: A Mathematical Evaluation of State-Controlled Market Structures and Islamic Socialist Ethic

Abstract

This article explores the intersection of scientific socialism, economic growth, and Islamic socialist ethics through a mathematical evaluation of state-controlled market structures. It begins by establishing the theoretical foundations of scientific socialism, highlighting its emphasis on collective welfare and resource distribution. The study employs mathematical models to analyze the efficiency and effectiveness of state-controlled markets in achieving sustainable economic growth while adhering to Islamic ethical principles. Case studies from various state-controlled economies are examined to assess the practical application of these theoretical constructs, focusing on the role of governance, accountability, and ethical considerations in shaping economic outcomes. The article further discusses the challenges and criticisms faced by state-controlled markets, particularly in the context of modern economic systems, and emphasizes the importance of integrating Islamic ethical frameworks to enhance legitimacy and social acceptance. The findings suggest that a synergistic approach, combining scientific socialism and Islamic ethics, can provide a viable pathway for fostering equitable and sustainable development in contemporary economic landscapes. This research contributes to the ongoing discourse on alternative economic models and underscores the need for interdisciplinary approaches in understanding the complexities of modern economies.