{"title":"Islamic Economics: An Agenda for Intellectual and Institutional Reform","authors":"M. Al-Jarhi","doi":"10.4197/islec.32-2.7","DOIUrl":null,"url":null,"abstract":"This article agrees with Reardon (2019), that economics finds itself in a\npredicament caused by the neoclassical school. The dominance of neoclassical\neconomics and its lack of response to calls for reform has been endemic. Reform must\ninclude both the neoclassical analysis as well as the system of market capitalism it\nstrives to defend. This paper briefly discusses both aspects of reform. It introduces the\nnew school of analytical Islamic economics and its agenda to reform both the discipline\nand the economic system. The paper enumerates several advantages of Islamic\neconomics to the economics discipline itself as well as the economy, in addition to\nbringing together intellectuals and scholars of economics, both from East and West, in\na more communicative and inclusive group. In addition, the article makes some\nproposals towards opening the doors in-between the different schools of thought for\npositive as well as enriching intellectual interactions.","PeriodicalId":39159,"journal":{"name":"Journal of King Abdulaziz University, Islamic Economics","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2019-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of King Abdulaziz University, Islamic Economics","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.4197/islec.32-2.7","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Economics, Econometrics and Finance","Score":null,"Total":0}
引用次数: 0
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.
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.