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Coordination of Methodology and Subject in Economics: A Philosophical Approach for Islamic Economics

Ataollah Rafiei Atani ()
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Ataollah Rafiei Atani: Assistant Professor of Economics, Iran University of Science and Technology

Quarterly Journal of Applied Theories of Economics, 2016, vol. 2, issue 4, pages 169-197

Abstract: In this paper, by examining the proportion of "subject" and "method" in the conventional economics, a path for theory building in the Islamic economics from a philosophical perspective has been shown. For this purpose, by showing the position of "subject" of every science, opinion of economists on the subject of economics is investigated. In this paper we show that the "subject" of economics is “action of rational economic man”. Thus, all issues, economic theories and schools should logically be based on. Then by showing the relationship between the conventional method of theory building – means of mathematical approach and the subject of conventional economics- Nature of the subject of economics, within the framework of Islamic philosophy has been re-reading. The basic result of this paper is that Islamic approach to economics in addition to the "explanation", has a normative and prescriptive recommendations as well; this approach, comes from an Islamic perspective in the realm of "subject" of the economics.

Keywords: Subject of economics; Method of conventional economics; Islamic economics; method of Islamic economics (search for similar items in EconPapers)
JEL-codes: A12 B41 B59 (search for similar items in EconPapers)
Date: 2016
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