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The Clash of Ideals

In: Beyond Profit

Author

Listed:
  • Samir Alamad

    (Coventry University)

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.

Suggested Citation

  • Samir Alamad, 2024. "The Clash of Ideals," Contributions to Economics, in: Beyond Profit, chapter 0, pages 137-153, Springer.
    • Handle: RePEc:spr:conchp:978-3-031-49748-3_8
    DOI: 10.1007/978-3-031-49748-3_8
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