Nature of Economics in the Ideal Society of Monotheist Religions

Hassan Sobhani
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Hassan Sobhani: Associate Professor, Faculty of Economics, University of Tehran

Iranian Economic Review (IER), 2007, vol. 12, issue 2, 143-161

Abstract: Human's efforts to achieve their ideals could be fulfilled via finding methods that would give him power to control nature and dominate over its forces and possibilities and provide necessary conditions for development. In the Islamic society or in the "developed" society of Mahdi's ruling (based on Muslims' belief) while we face abundance of production factors and efficiency of economic institutes, we could see the "developing" presence of Islamic government along with public ownerships for that active presence and through mass production of goods and services which has been realized in the light of security caused by justice for every body. The safety of economic activities becomes a support for the removal of poverty in increase economic welfare and jus distribution of wealth and income. The size of this abundance and richness is so much that one may say that the concept of economics evolves in domination of scarceness which has been formed as per the "non-satisfying needs" and "unlimited demands" of human being and desirability caused by the physical factors of production is replaced by desirability caused by acting the basis of Islam which is a manifestation of economic prosperity.

Keywords: Mahdis's ruling; justice; welfare economics; poverty. (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:eut:journl:v:12:y:2007:i:2:p:143

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