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Ethics And Economics: An Islamic Perspective

Author

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  • CHAPRA, M. UMER

    (Islamic Research and Training Institute (IRTI))

Abstract

This paper undertakes a comparative analysis of ethics and economics as enshrined in the worldview of Islam and that which has become the foundational building block of western intellectual orientation. The paper makes an attempt to drive home the importance of ethics as foundation of the economic theory as well as the system.

Suggested Citation

  • Chapra, M. Umer, 2008. "Ethics And Economics: An Islamic Perspective," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 16, pages 1-24.
    • Handle: RePEc:ris:isecst:0047
    as

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    File URL: http://www.irti.org/English/Research/Documents/IES/076.pdf
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    References listed on IDEAS

    as
    1. Blanchflower, David G. & Oswald, Andrew J., 2004. "Well-being over time in Britain and the USA," Journal of Public Economics, Elsevier, vol. 88(7-8), pages 1359-1386, July.
    2. Rodney Wilson, 1997. "Economics, Ethics and Religion," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-37472-0, March.
    3. Oswald, Andrew J, 1997. "Happiness and Economic Performance," Economic Journal, Royal Economic Society, vol. 107(445), pages 1815-1831, November.
    4. Betsey Stevenson & Justin Wolfers, 2007. "Marriage and Divorce: Changes and their Driving Forces," Journal of Economic Perspectives, American Economic Association, vol. 21(2), pages 27-52, Spring.
    5. Chapra, Mohammad Umar, 2008. "The Islamic Vision of Development in the Light of the Maqasid Al-Shari'ah (Research Paper)," Occasional Papers 235, The Islamic Research and Teaching Institute (IRTI).
    6. Easterlin, Richard A, 2001. "Income and Happiness: Towards an Unified Theory," Economic Journal, Royal Economic Society, vol. 111(473), pages 465-484, July.
    7. Hausman, Daniel M & McPherson, Michael S, 1993. "Taking Ethics Seriously: Economics and Contemporary Moral Philosophy," Journal of Economic Literature, American Economic Association, vol. 31(2), pages 671-731, June.
    8. Easterlin, Richard A., 1995. "Will raising the incomes of all increase the happiness of all?," Journal of Economic Behavior & Organization, Elsevier, vol. 27(1), pages 35-47, June.
    9. Rodney Wilson, 1997. "Economics and Ethics," Palgrave Macmillan Books, in: Economics, Ethics and Religion, chapter 1, pages 1-21, Palgrave Macmillan.
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    Cited by:

    1. Necati Aydin & Aljawhara Ibrahim Alquayid, 2019. "Market Reality Versus Religious Morality: Empirical Evidence from the Saudi Arabian Labor Market," Journal of Business Ethics, Springer, vol. 156(3), pages 679-698, May.

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