The Clash of Ideals

Samir Alamad
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Samir Alamad: Coventry University

Chapter Chapter 8 in Beyond Profit, 2024, pp 137-153 from Springer

Abstract: Abstract This chapter navigates the intriguing realm of comparative analysis between Islamic economics, rooted in normative ideals, and conventional economic theory, which describes the practical realities of the world. It highlights the fundamental differences in their aims: Islamic economics seeks to inspire individuals to embody higher moral and ethical values and work toward societal well-being, while conventional economics focuses on analysing economic behaviour based on idealised market conditions. By delving into these disparities, this chapter elucidates the diverging paths of these two economic paradigms.

Keywords: Identity; Normative ideals; Practical realities; Traditional economics; Clash of civilisations (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-031-49748-3_8

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DOI: 10.1007/978-3-031-49748-3_8

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