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Islamic Economics as a Social Science: Some Methodological Issues الاقتصاد الإسلامي كعلم اجتماعي: بعض القضايا المنهجية

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  • M.A. Mannan

    (Centre for Research in Islamic Economics , King Abdulaziz University, Jeddah, Saudi Arabia)

Abstract

The main objectives of this discussion paper are to demonstrate how Islamic economics as a science begins as well as to explain why the distinction between positive and normative economics is unimportant in Islamic economics. Generally speaking, positive economics studies economic problems as they are. Normative economics is concerned what ought to be. It is argued that scientific enquiry in modern Western economics is usually confined to positive questions, not to normative questions which depend on value-judgment about what is good and what is bad at least at the level of theoretical formulation. It is further said by some Muslim economists that Islamic economics is essentially normative. The main hypothesis of study is that the separation of the positive from the normative questions is not really relevant to Islamic economics. --

Suggested Citation

  • M.A. Mannan, 1983. "Islamic Economics as a Social Science: Some Methodological Issues الاقتصاد الإسلامي كعلم اجتماعي: بعض القضايا المنهجية," Journal of Research in Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 1(1), pages 41-50, January.
    • Handle: RePEc:abd:crieja:v:1:y:1983:i:1:no:4:p:41-50
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    Cited by:

    1. Mohd Mahyudi & Enizahura Abdul Aziz, 2018. "Method and Substance of Islamic Economics Revisited إعادة النظر في منهجية ومرتكزات الاقتصاد الإسلامي," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 31(2), pages 33-50, July.

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