Book contents
- The Making of Islamic Economic Thought
- The Making of Islamic Economic Thought
- Copyright page
- Contents
- Figures
- Acknowledgments
- Introduction
- 1 The Force of Revivalism and Islamization
- 2 The Present: Muslim Economists and the Constellation of Islamic Economics
- 3 The Past Perfect: Sharīʿa and the Intellectual History of Islamic Economic Teachings
- 4 The Appraisal: Contemporary Islamic Economics and the Entrenchment of Modernity
- 5 Pluralistic Epistemology of Islam’s Moral Economics
- Conclusion: Moral over Legal, Pluralistic over Monolithic
- Appendix
- Bibliography
- Index
4 - The Appraisal: Contemporary Islamic Economics and the Entrenchment of Modernity
Published online by Cambridge University Press: 01 November 2021
- The Making of Islamic Economic Thought
- The Making of Islamic Economic Thought
- Copyright page
- Contents
- Figures
- Acknowledgments
- Introduction
- 1 The Force of Revivalism and Islamization
- 2 The Present: Muslim Economists and the Constellation of Islamic Economics
- 3 The Past Perfect: Sharīʿa and the Intellectual History of Islamic Economic Teachings
- 4 The Appraisal: Contemporary Islamic Economics and the Entrenchment of Modernity
- 5 Pluralistic Epistemology of Islam’s Moral Economics
- Conclusion: Moral over Legal, Pluralistic over Monolithic
- Appendix
- Bibliography
- Index
Summary
Chapter 4 critiques contemporary Islamic economics as a disciplinary synthesis of Western economics and basic Islamic tenets. The first part of the chapter discusses the intricate relation between Sharīʿa and the field of economics in Islam by critiquing the legal premise of contemporary Islamic economics. The second part critically examines the Islamic economic project’s epistemology and methodology, and the amalgamation of the two epistemic systems: Islamic conceptual history and Western economic tradition. This composition provided Islamic economics with a hybrid framework, consisting of Islamic ethics and a neoclassical economic outlook.
- Type
- Chapter
- Information
- The Making of Islamic Economic ThoughtIslamization, Law, and Moral Discourses, pp. 221 - 255Publisher: Cambridge University PressPrint publication year: 2022