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A közös ős nyomában: modern nyugati közgazdasági gondolkodás és az iszlám hagyomány
[In the Quest for the Common Ancestor: Modern Western Economic Thought and the Islamic Tradition]

Author

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  • Olah, Daniel

Abstract

This scientific essay aims to examine the relationship between Western mainstream economics and its Islamic counterpart. It shows that the creation of Islamic economics is a new scientific program, and representatives of this discipline do not agree on its methodological foundations. Islamic economics does not make a distinction between normative and positive scientific attitudes and sets the influence of human behavior as one of its important goals. To prove that there is potential for future convergence the author argues that the „Schumpeterian gap” in history of economic thought does not exist. Analysing the thoughts of Ibn Khaldun, the paper sets the ground for a new paradigm by representing Khaldun as a common ancestor of Western and Islamic economics.

Suggested Citation

  • Olah, Daniel, 2016. "A közös ős nyomában: modern nyugati közgazdasági gondolkodás és az iszlám hagyomány
    [In the Quest for the Common Ancestor: Modern Western Economic Thought and the Islamic Tradition]
    ," MPRA Paper 86412, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:86412
    as

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    File URL: https://mpra.ub.uni-muenchen.de/86412/1/MPRA_paper_86412.pdf
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    References listed on IDEAS

    as
    1. N. G. Mankiw., 2009. "The Macroeconomist as Scientist and Engineer," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 5.
    2. Chapra, M. Umer, 2001. "Islamic Economic Thought And The New Global Economy," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 9, pages 1-16.
    3. repec:mes:challe:v:41:y:1998:i:3:p:11-34 is not listed on IDEAS
    4. Screpanti, Ernesto & Zamagni, Stefano, 2005. "An Outline of the History of Economic Thought," OUP Catalogue, Oxford University Press, edition 2, number 9780199279142.
    5. Shaikh, Salman Ahmed, 2010. "Proposal for a New Economic Framework Based On Islamic Principles," MPRA Paper 23000, University Library of Munich, Germany.
    6. Aydin, Necati, 2013. "Redefining Islamic Economics as a New Economic Paradigm," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 21, pages 1-34.
    7. Abdol Soofi, 1995. "Economics of Ibn Khaldun Revisited," History of Political Economy, Duke University Press, vol. 27(2), pages 387-404, Summer.
    8. Addas, Waleed A.J., 2008. "Methodology of Economics: Secular Versus Islamic," MPRA Paper 8264, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    history of thought; islamic thought; Ibn Khaldun;

    JEL classification:

    • B11 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Preclassical (Ancient, Medieval, Mercantilist, Physiocratic)
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals

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