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Islamic Economics - Theory and Practice (Paperback)
Loot Price: R1,445
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Islamic Economics - Theory and Practice (Paperback)
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This book is a comprehensive study, which provides informed
knowledge within the field of Islamic economics. The authors lay
down the principal philosophical foundation of a unique and
universal theory of Islamic economics by contrasting it with the
perspectives of mainstream economics. The methodological part of
the theory of Islamic economics arises from the ethical foundations
of the Qur'an and the Sunnah (tradition of the Prophet) along with
learned exegeses in an epistemological derivation of the postulates
and formalism of Islamic economics. This foundational methodology
will be contrasted with the contemporary approaches of the random
use of mainstream economic theory in Islamic economics. The book
establishes the methodological foundation as the primal and most
fundamental premise of the study leading to scientific formalism
and the prospect of its application. By way of its Islamic
epistemological explanation (philosophical premise) in the form of
logical formalism and the use of simple real-world examples, the
authors show the reader that the scientific nature of economics in
general and Islamic economics in particular rests on the conception
of the scientific worldview. With its uniquely comparative approach
to mainstream economics, this book facilitates a greater
understanding of Islamic economic concepts. Senior undergraduate
and graduate students will gain exposure to Islamic perspectives of
micro- and macroeconomics, money, public finance, and development
economics. Additionally, this book will be useful to practitioners
seeking a greater comprehension of the nature of Islamic economics.
It will also enable policymakers to better understand the mechanism
of converting institutions, such as public and social policy
perspectives.
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