Islamic Economics: An Agenda for Intellectual and Institutional Reform

Q3 Economics, Econometrics and Finance Journal of King Abdulaziz University, Islamic Economics Pub Date : 2019-07-07 DOI:10.4197/islec.32-2.7
M. Al-Jarhi
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Abstract

This article agrees with Reardon (2019), that economics finds itself in a predicament caused by the neoclassical school. The dominance of neoclassical economics and its lack of response to calls for reform has been endemic. Reform must include both the neoclassical analysis as well as the system of market capitalism it strives to defend. This paper briefly discusses both aspects of reform. It introduces the new school of analytical Islamic economics and its agenda to reform both the discipline and the economic system. The paper enumerates several advantages of Islamic economics to the economics discipline itself as well as the economy, in addition to bringing together intellectuals and scholars of economics, both from East and West, in a more communicative and inclusive group. In addition, the article makes some proposals towards opening the doors in-between the different schools of thought for positive as well as enriching intellectual interactions.
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伊斯兰经济学:知识和制度改革的议程
本文同意里尔登(2019)的观点,即经济学发现自己陷入了新古典主义学派造成的困境。新古典主义经济学的主导地位及其对改革呼吁的缺乏回应一直是地方性的。改革必须既包括新古典主义分析,也包括它努力捍卫的市场资本主义制度。本文简要论述了这两个方面的改革。它介绍了分析伊斯兰经济学的新学派及其改革学科和经济体系的议程。本文列举了伊斯兰经济学对经济学学科本身以及经济的几个优势,除了将来自东西方的知识分子和经济学学者聚集在一起,成为一个更具交流性和包容性的群体。此外,文章还提出了一些建议,以打开不同学派之间的大门,促进积极和丰富的知识交流。
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来源期刊
Journal of King Abdulaziz University, Islamic Economics
Journal of King Abdulaziz University, Islamic Economics Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)
CiteScore
0.60
自引率
0.00%
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0
期刊介绍: The aims and scope of the journal include: -To develop the emerging paradigm of Islamic economics on scientific lines through publishing original works in this field that pass its peer review process. -To promote dialogue and discussion on current issues in the fields of Islamic economics and finance among the international community of scholars. -To encourage empirical research on Islamic finance, takaful, zakah, awqaf and other Islamic institutions including case studies from Muslim economies. -Contemporary global economic issues viewed from an Islamic perspective. To publish book reviews of important works published in the field, including books in conventional economics, business and finance having some connection with Islamic economics and/or finance.
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