The Starry Heavens Above and the Moral Law Within: On the Flatness of Economics

Abbas Mirakhor ()

Econ Journal Watch, 2014, vol. 11, issue 2, 186-193

Abstract: Research in various fields has demonstrated the inadequacy of the Max U image of man. To the extent that the model is responsible for major problems humanity is facing today, it needs to be revised. This note argues that ideas of religions, such as human dignity, personhood, stewardship, and empathy can enrich economics. A number of ideas of Islam, such as property-right rules, risk sharing, and rule-based market behavior are mentioned.

Keywords: Adam Smith; morality; ethics; economics; Islam (search for similar items in EconPapers)
JEL-codes: A12 A13 L26 Z12 Z13 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ejw:journl:v:11:y:2014:i:2:p:186-193

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