CRITICISM OF CONVENTIONAL ECONOMY AND OF THE HOMO OECONOMICUS PARADIGM IN THE PHILOSOPHY OF ISLAMIC ECONOMY
CRITICISM OF CONVENTIONAL ECONOMY AND OF THE HOMO OECONOMICUS PARADIGM IN THE PHILOSOPHY OF ISLAMIC ECONOMY

Summary/Abstract: A significant segment of the specialised literature developed by the Islamic economists announces the possibility of creating a new economic paradigm as a solution to the failure of the paradigm of conventional economy. In this article we are attempting to highlight the relevance of the criticsm expressed by the Islamic economists as regards the methodology of mainstream economy, as well as the basic presuppositions of various schools of Western thought about homo oeconomicus, while at the same time clarifying the Islamic perspective on the economic methodology and on the economic agent called homo islamicus.

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