IDEAS home Printed from https://ideas.repec.org/a/abd/kauiea/v22y2009i2no3p81-122.html
   My bibliography  Save this article

A Suggested Methodology for thePolitical Economy of Islam منهجية مقترحة للاقتصاد السياسي في الإسلام

Author

Listed:
  • Shamim Ahmad Siddiqi

    (Assistant Professor Department of Economics University of Brunei Darussalam, Brunei)

Abstract

In this paper an attempt is made to clarify some of the issues pertaining to the methodology of Islamic economics. It is argued that for any analysis in the context of Islamic economics, the behavioral norms suggested by the teachings of Islam should not be taken as the actual behavior of individuals in a Muslim society. Rather, it should be one of the goals of economic policies to provide a social environment which would help the inhabitants of a Muslim society to behave in an Islamically desirable way. In this regard, the importance of distribution of income and wealth is highlighted. Another focal point of this paper is that Islamic economists should be more heedful in their criticism to neoclassical economics. It is noted that a familiarity with the critical literature on neoclassic economics emanating from within the western world may provide important insights that could be helpful in finding our own solutions. Finally, to study those aspects of economics which are primarily positive in nature, the case for methodological pluralism is advocated. في هذه الورقة بذلت محاولة لتوضيح بعض القضايا التي تتعلق بمنهج الاقتصاد الإسلامي، حيث أظهرت أن أي تحليل في سياق الاقتصاد الإسلامي يجب ألا يأخذ القواعد السلوكية التي تُقرّها التعاليم الإسلامية على أنها السلوك الحقيقي للأفراد في المجتمع الإسلامي، بل يجب أن تكون أحد أهداف السياسات الإسلامية إرساء البيئة الاجتماعية التي تساعد أفراد المجتمع الإسلامي على أن يسلكوا سلوكًا إسلاميًا قويمًا. وفي هذا السياق، تم إلقاء الضوء على أهمية توزيع الدخل والثروة. كما قد يجب على الاقتصاديين الإسلاميين أن يكونوا أكثر حذرًا عند نقدهم للاقتصاد الحديث. وقد يكون من المناسب الاطلاع على الأدبيات الفعلية الناقدة الثاقبة في علم الاقتصاد الحديث إذ إنها قد تساعدنا في إيجاد حلول خاصة بنا. وختامًا فإن دراسة المظاهر الاقتصادية التي تعتبر إيجابية في طبيعتها قد تستدعي اتباع التعددية في المنهج.

Suggested Citation

  • Shamim Ahmad Siddiqi, 2009. "A Suggested Methodology for thePolitical Economy of Islam منهجية مقترحة للاقتصاد السياسي في الإسلام," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 22(2), pages 81-122, July.
    • Handle: RePEc:abd:kauiea:v:22:y:2009:i:2:no:3:p:81-122
    DOI: 10.4197/islec.22-2.3
    as

    Download full text from publisher

    File URL: https://iei.kau.edu.sa/Files/121/Files/153880_IEI-VOL-22-2-03-Siddiqi.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.4197/islec.22-2.3?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Allen Oakley, 1994. "Classical Economic Man," Books, Edward Elgar Publishing, number 340.
    2. Warren J. Samuels, 1992. "Essays on the Methodology and Discourse of Economics," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-12371-1, March.
    3. Hamouda, Omar F & Harcourt, G C, 1988. "Post Keynesianism: From Criticism to Coherence?," Bulletin of Economic Research, Wiley Blackwell, vol. 40(1), pages 1-33, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Shamim Ahmad Siddiqi, 2001. "A Suggested Methodology for the Political Economy of Islam منهجية مقترحة للاقتصاد السياسي في الإسلام," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 13(1), pages 3-27, January.
    2. Ioana Negru, 2013. "Revisiting the Concept of Schools of Thought in Economics: The Example of the Austrian School," American Journal of Economics and Sociology, Wiley Blackwell, vol. 72(4), pages 983-1008, October.
    3. Marek Hudík, 2013. "From Marginal Utility to Revealed Preference," E-LOGOS, Prague University of Economics and Business, vol. 2013(1), pages 1-19.
    4. Blair Fix, 2022. "Economic development and the death of the free market," Evolutionary and Institutional Economics Review, Springer, vol. 19(1), pages 1-46, April.
    5. John Hatch & Colin Rogers, 1997. "Distinguished Fellow of the Economic Society of Australia, 1996: Professor Emeritus Geoff Harcourt," The Economic Record, The Economic Society of Australia, vol. 73(221), pages 97-100, June.
    6. Murray, Michael/ M J, 2011. "A critical perspective on heterodox production modeling," MPRA Paper 34255, University Library of Munich, Germany.
    7. Juan Hernández Andreu & Guido Tortorella Expósito, 2014. "Incertidumbre, ciclo económico y crisis según el enfoque continuista del pensamiento keynesiano [Uncertainty, economic cycles and economic crises according to the continuism approach of Keynesian t," Iberian Journal of the History of Economic Thought, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Dpto. Historia e Instituciones Económicas I., vol. 1(1), pages 44-72, September.
    8. Matias Vernengo & Louis-Philippe Rochon, 2001. "Kaldor and Robinson on money and growth," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 8(1), pages 75-103.
    9. Heise, Arne, 2018. "Postkeynesianismus: Ein heterodoxer Ansatz auf der Suche nach einer Fundierung," ZÖSS-Discussion Papers 69, University of Hamburg, Centre for Economic and Sociological Studies (CESS/ZÖSS).
    10. Giuseppe Fontana & Bill Gerrard, 2006. "The future of Post Keynesian economics," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 59(236), pages 49-80.
    11. Frankfurter, George M. & McGoun, Elton G. & Allen, Douglas E., 2004. "The prescriptive turn in behavioral finance," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 33(4), pages 449-468, September.
    12. Claudio Sardoni, 2011. "Unemployment, Recession and Effective Demand," Books, Edward Elgar Publishing, number 13837.
    13. Fix, Blair, 2020. "Economic Development and the Death of the Free Market," SocArXiv g86am, Center for Open Science.
    14. Teixeira, Joanilio Rodolpho & Thompson Araujo, Jorge, 1996. "A post-Keynesian model of growth with distributional improvements," Socio-Economic Planning Sciences, Elsevier, vol. 30(1), pages 67-76, March.
    15. Finn Olesen, 2007. "Kritisk realisme og post keynesianisme," Working Papers 75/07, University of Southern Denmark, Department of Sociology, Environmental and Business Economics.
    16. Dilip M. Nachane, 2018. "The Global Crisis According to Post-Keynesians," India Studies in Business and Economics, in: Critique of the New Consensus Macroeconomics and Implications for India, chapter 0, pages 205-220, Springer.
    17. Neil Hart & Peter Kriesler, 2014. "Keynes, Kalecki, Sraffa: Coherence?," Discussion Papers 2014-06, School of Economics, The University of New South Wales.
    18. Eduardo Fernández-Huerga & Ana Pardo & Ana Salvador, 2023. "Compatibility and complementarity between institutional and post-Keynesian economics: a literature review with a particular focus on methodology," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 40(2), pages 413-443, July.
    19. Murray, Michael/ M J, 2011. "The Making of a Good Society: Economic Freedom, Instrumentalism, and Government Control," MPRA Paper 28888, University Library of Munich, Germany.
    20. Ingrid Rima, 2003. "From profit margins to income distribution: Joan Robinson's odyssey from marginal productivity theory," Review of Political Economy, Taylor & Francis Journals, vol. 15(4), pages 575-586.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:abd:kauiea:v:22:y:2009:i:2:no:3:p:81-122. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: King Abdulaziz University, Islamic Economics Institute. (email available below). General contact details of provider: https://edirc.repec.org/data/cikausa.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.