Heterodox Islamic Economics: The emergence of an ethico-economic theory

1st Edition

Masudul Alam Choudhury, Ishaq Bhatti

Routledge
Published August 2, 2016
Reference - 184 Pages - 16 B/W Illustrations
ISBN 9781138960831 - CAT# Y207236
Series: Routledge Frontiers of Political Economy

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Summary

The fields of morality and ethics have been left out significantly from socio-scientific study in general and in economics and finance in particular. Yet this book argues that in this age of post-modernist analytical inquiry, the study of morality and ethics is an epistemological requirement. This book illustrates the delimiting nature of mainstream economic reasoning in treating morality and ethics and highlights the potential contribution of analytical monotheism, as typified by the Islamic concept of Tahwid.

The principal purpose of this book is to undertake an introductory exploration of the critical area of comparative economic thought in order to place the nature and emergence of ethico-economic theory in its proper context. It is ultimately argued that such a post-orthodoxy revolutionary methodological worldview can be presented by Islamic political economy, Islamic economics and finance.

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