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Rethinking the Structure of Islamic Economics Science: The Universal Man Imperative

International Journal of Economics, Management and Accounting

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Field Value
 
Title Rethinking the Structure of Islamic Economics Science: The Universal Man Imperative
 
Creator Mahyudi, Mohd
Abdul Aziz, Enizahura
 
Description The end of value-free economics presents a positive outlook for Islamic economics. Nonetheless, progress is only viable when this discipline has a solid scientific structure. Thus, this paper aims at highlighting the economic man imperative in projecting Islamic economics as a normal science. This paper first explores Islamic economics’ current state of readiness to fulfill its promising future. Unfortunately, the authoritative view is that Islamic economics is not in proper order. Consequently, Arif’s (1985a and 1985b) Islamic economics scientific structure is utilized to locate that stage which requires serious improvement. At the basis of micro-foundation stage, the economic man imperative emerges out of this identification exercise. Thus, the most important implication here is the replacement of homo Islamicus with the concept of ‘universal man’ which proffers several significant advantages. Apart from the other stages in the structure, this ‘universal man’ needs immediate refinement to strengthen the edifice of Islamic economics science.
 
Publisher Kulliyyah of Economics and Management Sciences
 
Contributor Research Management Centre, International Islamic University Malaysia.
 
Date 2017-08-31
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://journals.iium.edu.my/enmjournal/index.php/enmj/article/view/487
 
Source International Journal of Economics, Management and Accounting; Vol 25 No 2 (2017): Special Issue; 227-251
2462-1420
 
Language eng
 
Relation http://journals.iium.edu.my/enmjournal/index.php/enmj/article/view/487/238
 
Rights Copyright (c) 2017 International Journal of Economics, Management and Accounting