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The Humanomic Structure of Islamic Economic .Theory: A Critical Review of Literature in Normative and Positive Economics البنية الاقتصادية - الإنسانية لنظرية الاقتصاد الإسلامي

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  • MASUDUL ALAM CHOUDHURY

    (University College of Cape Breton , Sydney, Nova Scotia, Canada)

Abstract

The author reviews earlier attempts at formulating a humanistic political economy. Then a principle of Ethical Endogeneity is established which shows that society maximizes its social welfare through consensus among decision-makers with the choice of goals and policy variables. In the Islamic economy these goals and policies are uniquely set by the shari'ah. The principle of tawheed and brotherhood, of work and production and that of distributive equity characterize the Islamic economy which realises these goals through zakah, abolition of interest and profit-sharing. يستعرض البحث المحاولات السابقة لصياغة اقتصاد سياسي إنساني. ثم رسي مبدأ الأخلاقية الذاتية ( الراسخة في الذات ) ويبين أن المجتمع يبلغ بمصلحته حدها الأقصى من خلال إجماع متخذي القرار على اختيار الأهداف ومتغيرات السياسة الاقتصادية. وتحدد الشريعة الإسلامية تلك الأهداف والسياسات بصورة واضحة. ويتميز الاقتصاد الإسلامي بمبدأ التوحيد والأخوة، والعمل والإنتاج وعدالة التوزيع، ويحقق أهدافه بالزكاة، وإلغاء الفائدة، وتطبيق المشاركة في الأرباح.

Suggested Citation

  • Masudul Alam Choudhury, 1990. "The Humanomic Structure of Islamic Economic .Theory: A Critical Review of Literature in Normative and Positive Economics البنية الاقتصادية - الإنسانية لنظرية الاقتصاد الإسلامي," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 2(1), pages 47-65, January.
    • Handle: RePEc:abd:kauiea:v:2:y:1990:i:1:no:3:p:47-65
    DOI: 10.4197/islec.2-1.3
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    Cited by:

    1. Faical Boutayeba & Mohammed Benhamida & Souad Guesmi, 2014. "Ethics in Islamic Economics," Annales. Ethics in Economic Life, University of Lodz, Faculty of Economics and Sociology, vol. 17(4), pages 111-121, December.

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