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Book Review: What is wrong with Islamic Economics? Analyzing the present state and Future Agenda, by: Muhammad Akram Khan, Reviewed by: Valeed Ahmad Ansari مراجعة علمية لكتاب: ما الخطأ في الاقتصاد الإسلامي؟ تحليل الدولة الحالية وجدول الأعمال المستقبلي - بقلم: محمد أكرم خان - مراجعة: وليد أحمد أنصاري

Author

Listed:
  • Valeed Ahmad Ansari

    (Professor, Department of Business Administration Aligarh Muslim University, India)

Abstract

The discipline of Islamic economics from an unknown and esoteric subject that emerged in 1940s has now reached a stage of visibility and recognition .The book under review is a critique of this journey in terms of its foundations, methodology, contributions vis-à-vis conventional economics and its practice related to Islamic banking and finance. The author has been a fellow traveler on this journey. In a way, it is a stock taking from an insider’s perspective, a narrative that is woven around disillusionment. The book is a provocative contribution to the literature. He has raised a large number of issues and concerns that are not possible to encompass here. However, a representative sample is reproduced for review.

Suggested Citation

  • Valeed Ahmad Ansari, 2016. "Book Review: What is wrong with Islamic Economics? Analyzing the present state and Future Agenda, by: Muhammad Akram Khan, Reviewed by: Valeed Ahmad Ansari مراجعة علمية لكتاب: ما الخطأ في الاقتصاد الإ," Book reviews and book reports published in the Journal of King Abdulaziz University: Islamic Economics. 156, King Abdulaziz University, Islamic Economics Institute..
    • Handle: RePEc:abd:jkaubr:156
    DOI: 10.4197/Islec.29-2.14
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    References listed on IDEAS

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    1. David Colander, 2016. "Tools, Not Rules: Are We Teaching the Wrong Principles of Economics in the Introductory Course?," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 42(2), pages 163-168, March.
    2. Anat Admati & Martin Hellwig, 2013. "The Bankers' New Clothes: What's Wrong with Banking and What to Do about It," Economics Books, Princeton University Press, edition 1, volume 1, number 9929.
    3. repec:ucp:bkecon:9780226081946 is not listed on IDEAS
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