IDEAS home Printed from https://ideas.repec.org/a/ris/isecst/0047.html

Ethics And Economics: An Islamic Perspective

Author

Listed:
  • M. UMER CHAPRA

    (Islamic Research and Training Institute (IRTI))

Abstract

This paper undertakes a comparative analysis of ethics and economics as enshrined in the worldview of Islam and that which has become the foundational building block of western intellectual orientation. The paper makes an attempt to drive home the importance of ethics as foundation of the economic theory as well as the system.

Suggested Citation

  • M. Umer Chapra, 2008. "Ethics And Economics: An Islamic Perspective," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 16, pages 1-24.
    • Handle: RePEc:ris:isecst:0047
    as

    Download full text from publisher

    File URL: http://www.irti.org/English/Research/Documents/IES/076.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Oswald, Andrew J, 1997. "Happiness and Economic Performance," Economic Journal, Royal Economic Society, vol. 107(445), pages 1815-1831, November.
    2. Mohammad Umar Chapra, 2008. "The Islamic Vision of Development in the Light of the Maqasid Al-Shari'ah (Research Paper)," Occasional Papers 235, The Islamic Research and Teaching Institute (IRTI).
    3. Blanchflower, David G. & Oswald, Andrew J., 2004. "Well-being over time in Britain and the USA," Journal of Public Economics, Elsevier, vol. 88(7-8), pages 1359-1386, July.
    4. Easterlin, Richard A, 2001. "Income and Happiness: Towards an Unified Theory," Economic Journal, Royal Economic Society, vol. 111(473), pages 465-484, July.
    5. Betsey Stevenson & Justin Wolfers, 2007. "Marriage and Divorce: Changes and their Driving Forces," Journal of Economic Perspectives, American Economic Association, vol. 21(2), pages 27-52, Spring.
    6. Rodney Wilson, 1997. "Economics, Ethics and Religion," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-37472-0, April.
    7. Hausman, Daniel M & McPherson, Michael S, 1993. "Taking Ethics Seriously: Economics and Contemporary Moral Philosophy," Journal of Economic Literature, American Economic Association, vol. 31(2), pages 671-731, June.
    8. Easterlin, Richard A., 1995. "Will raising the incomes of all increase the happiness of all?," Journal of Economic Behavior & Organization, Elsevier, vol. 27(1), pages 35-47, June.
    9. Rodney Wilson, 1997. "Economics and Ethics," Palgrave Macmillan Books, in: Economics, Ethics and Religion, chapter 1, pages 1-21, Palgrave Macmillan.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Necati Aydin & Aljawhara Ibrahim Alquayid, 2019. "Market Reality Versus Religious Morality: Empirical Evidence from the Saudi Arabian Labor Market," Journal of Business Ethics, Springer, vol. 156(3), pages 679-698, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. ., 2014. "Ethics and economics: the Islamic imperative," Chapters, in: Morality and Justice in Islamic Economics and Finance, chapter 3, pages 67-92, Edward Elgar Publishing.
    2. Drakopoulos, Stavros A., 2008. "The Concept Of Comparison Income: An Historical Perspective," MPRA Paper 8713, University Library of Munich, Germany.
    3. Stutzer, Alois, 2004. "The role of income aspirations in individual happiness," Journal of Economic Behavior & Organization, Elsevier, vol. 54(1), pages 89-109, May.
    4. Beja Jr, Edsel, 2013. "Does economic prosperity bring about a happier society? Mathematical remarks on the Easterlin Paradox debate," MPRA Paper 48229, University Library of Munich, Germany.
    5. Konow, James & Earley, Joseph, 2008. "The Hedonistic Paradox: Is homo economicus happier," Journal of Public Economics, Elsevier, vol. 92(1-2), pages 1-33, February.
    6. Hoolda Kim & Baeyong Lee, 2026. "Exploring the Determinants of Subjective Well-Being in Older Adults: A Cross-National Analysis of Social, Political, Economic, and Demographic Factors," Journal of Happiness Studies, Springer, vol. 27(2), pages 1-35, February.
    7. Peiro, Amado, 2006. "Happiness, satisfaction and socio-economic conditions: Some international evidence," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 35(2), pages 348-365, April.
    8. Filiz Gülal & Adam Ayaita, 2020. "The Impact of Minimum Wages on Well-Being: Evidence from a Quasi-experiment in Germany," Journal of Happiness Studies, Springer, vol. 21(7), pages 2669-2692, October.
    9. Devrim Dumludag, 2013. "Life Satisfaction and Income Comparison Effects in Turkey," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 114(3), pages 1199-1210, December.
    10. Tekleselassie, Tsegay Gebrekidan, . "Three essays on the impact of institutions and policies on socio-economic outcomes," Economics PhD Theses, Department of Economics, University of Sussex Business School, number 1316, December.
    11. Luigino Bruni & Luca Stanca, 2006. "Income Aspirations, Television and Happiness: Evidence from the World Values Survey," Kyklos, Wiley Blackwell, vol. 59(2), pages 209-225, May.
    12. Andrés Rodríguez-Pose & Viola Berlepsch, 2014. "Social Capital and Individual Happiness in Europe," Journal of Happiness Studies, Springer, vol. 15(2), pages 357-386, April.
    13. Ozge Gokdemir & Emine Tahsin, 2014. "Factors that Influence the Life Satisfaction of Women Living in the Northern Cyprus," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 115(3), pages 1071-1085, February.
    14. Roberta Distante, 2013. "Subjective Well-Being, Income and Relative Concerns in the UK," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 113(1), pages 81-105, August.
    15. Bratsiotis, George J. & Peng, Baochun, 2008. "Social interaction and effort in a success-at-work augmented utility model," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(4), pages 1309-1318, August.
    16. Corazzini, Luca & Esposito, Lucio & Majorano, Francesca, 2011. "Exploring the absolutist vs relativist perception of poverty using a cross-country questionnaire survey," Journal of Economic Psychology, Elsevier, vol. 32(2), pages 273-283, March.
    17. Richard Ball & Kateryna Chernova, 2008. "Absolute Income, Relative Income, and Happiness," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 88(3), pages 497-529, September.
    18. Andrew E. Clark & Claudia Senik, 2010. "Will GDP growth increase happiness in developing countries?," PSE Working Papers halshs-00564985, HAL.
    19. João Silvestre & Tanya Araújo & Miguel St. Aubyn, 2019. "Individual Satisfaction and Economic Growth in an Agent-Based Economy," Computational Economics, Springer;Society for Computational Economics, vol. 54(3), pages 893-903, October.
    20. Pénard, Thierry & Poussing, Nicolas & Suire, Raphaël, 2013. "Does the Internet make people happier?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 46(C), pages 105-116.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:isecst:0047. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: IRTI Staff (email available below). General contact details of provider: https://edirc.repec.org/data/irisbsa.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.