IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/118231.html
   My bibliography  Save this paper

Economics and Islam: Interdisciplinary Insights

Author

Listed:
  • Iqbal, Nabeel

Abstract

This conceptual paper takes an interdisciplinary approach to integrate certain fundamental assumptions of Economics and Islam in order to obtain novel and holistic insights about humanity and its experience with religion. We find that certain implications which naturally flow from the most fundamental assumptions of Economics are consistent with Islamic thought. When assumptions of Economics and concepts of Islam are used as premises of a deductive reasoning process, we can make certain interesting deductions or predictions about the future of religion as well as obtain novel, holistic insights. We also check whether these insights are consistent with the existing literature or not.

Suggested Citation

  • Iqbal, Nabeel, 2020. "Economics and Islam: Interdisciplinary Insights," MPRA Paper 118231, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:118231
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/118231/1/Economics%20and%20Islam%20-%20Interdisciplinary%20Insights.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Bruno S. Frey, 2018. "Happiness and Religion," SpringerBriefs in Economics, in: Economics of Happiness, chapter 0, pages 59-62, Springer.
    2. Bruno S. Frey, 2018. "Economics of Happiness," SpringerBriefs in Economics, Springer, number 978-3-319-75807-7, June.
    Full references (including those not matched with items on IDEAS)

    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. Dieudonne Mignamissi & Yselle Flora Malah Kuete, 2020. "What Makes Africans Happy?," Economics Bulletin, AccessEcon, vol. 40(4), pages 2741-2754.
    2. Susanne L. Toney & Gregory N. Price, 2021. "Can Black Entrepreneurship Reduce Black-White Inequality in the United States?," Journal of Economics, Race, and Policy, Springer, vol. 4(4), pages 294-301, December.
    3. Torgler, Benno & Schneider, Friedrich & Schaltegger, Christoph A., 2007. "With or Against the People? The Impact of a Bottom-Up Approach on Tax Morale and the Shadow Economy," Berkeley Olin Program in Law & Economics, Working Paper Series qt6331x6vz, Berkeley Olin Program in Law & Economics.
    4. Blanchflower, David G. & Oswald, Andrew J., 2008. "Is well-being U-shaped over the life cycle?," Social Science & Medicine, Elsevier, vol. 66(8), pages 1733-1749, April.
    5. Carl Christian von Weizsäcker, 2011. "Homo Oeconomicus Adaptivus – Die Logik des Handelns bei veränderlichen Präferenzen," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2011_10, Max Planck Institute for Research on Collective Goods.
    6. Paldam, Martin, 2004. "Introduction to the 2003 European Public Choice Society plenary lectures: The Nordic welfare state--success under stress," European Journal of Political Economy, Elsevier, vol. 20(3), pages 739-742, September.
    7. Nattavudh Powdthavee, 2005. "Unhappiness and Crime: Evidence from South Africa," Economica, London School of Economics and Political Science, vol. 72(287), pages 531-547, August.
    8. Tofallis, Chris, 2020. "Which formula for national happiness?," Socio-Economic Planning Sciences, Elsevier, vol. 70(C).
    9. Easterlin, Richard A. & Angelescu McVey, Laura & Switek, Maggie & Sawangfa, Onnicha & Zweig, Jacqueline Smith, 2011. "The Happiness-Income Paradox Revisited," IZA Discussion Papers 5799, Institute of Labor Economics (IZA).
    10. Burhan, Nik Ahmad Sufian & Mohamad, Mohd Rosli & Kurniawan, Yohan & Sidek, Abdul Halim, 2014. "National Intelligence, Basic Human Needs, and Their Effect on Economic Growth," MPRA Paper 77267, University Library of Munich, Germany.
    11. Flavio Comim, 2005. "Capabilities and Happiness: Potential Synergies," Review of Social Economy, Taylor & Francis Journals, vol. 63(2), pages 161-176.
    12. Simone Schneider, 2012. "Income Inequality and its Consequences for Life Satisfaction: What Role do Social Cognitions Play?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 106(3), pages 419-438, May.
    13. Bruno S. Frey & Anthony Gullo, 2021. "Does Sports Make People Happier, or Do Happy People More Sports?," Journal of Sports Economics, , vol. 22(4), pages 432-458, May.
    14. Bruno Frey, 2011. "Tullock challenges: happiness, revolutions, and democracy," Public Choice, Springer, vol. 148(3), pages 269-281, September.
    15. Francesca Acacia & Maria Cubel Sanchez, 2014. "Strategic voting and happiness," Chapters,in: A Handbook of Alternative Theories of Public Economics, chapter 7, pages 160-176 Edward Elgar Publishing.
    16. Andersson, Fredrik W., 2006. "Is Concern for Relative Consumption a Function of Relative Consumption?," Working Papers in Economics 220, University of Gothenburg, Department of Economics.
    17. Easterlin, Richard A. & Angelescu McVey, Laura, 2009. "Happiness and Growth the World Over: Time Series Evidence on the Happiness-Income Paradox," IZA Discussion Papers 4060, Institute of Labor Economics (IZA).
    18. van Ophem, JAC & Kohout, V. & Heijman, W.J.M., 2016. "Transition Economy And Happiness The Czech Republic Compared With The Netherlands In The 1990- 2004 Period," APSTRACT: Applied Studies in Agribusiness and Commerce, AGRIMBA, vol. 10(2-3), pages 1-8, October.
    19. Hajdu, Tamás & Hajdu, Gábor, 2011. "A hasznosság és a relatív jövedelem kapcsolatának vizsgálata magyar adatok segítségével [Examining the relation of utility and relative income using Hungarian data]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(1), pages 56-73.
    20. Funk, Matt, 2008. "On the Problem of Sustainable Economic Development: A Theoretical Solution to this Prisoner's Dilemma," MPRA Paper 19025, University Library of Munich, Germany, revised 08 Jun 2008.

    More about this item

    Keywords

    Economics and Islam; interdisciplinary approach; interdisciplinary insights; religion; humanity; God; deductive reasoning;
    All these keywords.

    JEL classification:

    • Z0 - Other Special Topics - - General

    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:pra:mprapa:118231. 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: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.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.