Toward A New Framework of Islamic Economic Analysis
Akhmad Susamto ()
No 2018002, Universitas Gadjah Mada Working Papers on Islamic Economics and Finance from Universitas Gadjah Mada, Faculty of Economics and Business
The effort to develop Islamic economics as a discipline has not brought about the expected results. Differing from previous diagnoses, in this paper, I argue that it is the absence of a clear notion of what economics can be considered to be Islamic that impedes the development of Islamic economics. Such a clear notion is essential. I therefore propose three main conditions under which an economics can be considered as (and henceforth to be given the prefix) Islamic. I further propose that the scope of Islamic economics consists of four distinguished fields of work, and that the methods used in the development of Islamic economics vary depending on the end sought within each field of work. I finally expand on three implications, which together give rise to a hope that the development of Islamic economics, and its body of knowledge, is likely to be much less complicated than Islamic economists have ever thought.
Keywords: Islamic worldview; Islamic economics; Methodology of Islamic economics (search for similar items in EconPapers)
JEL-codes: B49 B59 (search for similar items in EconPapers)
Pages: 29 pages
New Economics Papers: this item is included in nep-hme and nep-isf
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://poseidon01.ssrn.com/delivery.php?ID=639031 ... 003009083000&EXT=pdf First version, 2018 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to poseidon01.ssrn.com:443 (No such host is known. )
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ugm:wpaper:2018002
Access Statistics for this paper
More papers in Universitas Gadjah Mada Working Papers on Islamic Economics and Finance from Universitas Gadjah Mada, Faculty of Economics and Business Contact information at EDIRC.
Bibliographic data for series maintained by Salim Fauzanul Ihsani ().