The ends of Islamic economics from the perspective of homo economicus and homo Islamicus: a critical study

This paper compares the ends of economic from homo economicusand homo Islamicusperspective. It is a literature study that is combined with the argumentative approach in order to provide the valid comparison of these two. The end or the goal of economics is one of important component of micro fou...

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Main Authors: Azizy, Satria Hibatal, Mohd Yusop, Mohd Mahyudi
Format: Article
Language:English
Published: Fakultas Ekonomi dan Bisnis Islam, Institut Agama Islam Negeri Metro 2019
Subjects:
Online Access:http://irep.iium.edu.my/75792/
http://irep.iium.edu.my/75792/
http://irep.iium.edu.my/75792/
http://irep.iium.edu.my/75792/1/Satria%20n%20Mahyudi%20ends%20for%20IE%20n%20CE.pdf
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spelling iium-757922019-11-29T01:51:22Z http://irep.iium.edu.my/75792/ The ends of Islamic economics from the perspective of homo economicus and homo Islamicus: a critical study Azizy, Satria Hibatal Mohd Yusop, Mohd Mahyudi B Philosophy (General) HB126.4 Islamic Economics This paper compares the ends of economic from homo economicusand homo Islamicusperspective. It is a literature study that is combined with the argumentative approach in order to provide the valid comparison of these two. The end or the goal of economics is one of important component of micro foundations of economics. It will become one deciding factor in chosing the most suitable economic agent for Islamic economics. The result of this study shows that the end of economics from homo economicus perspective, which is maximization of utility, is facing a huge criticism. The same case is shown in the end of economics from homo Islamicus perspective, which is maximization of maslahah. This paper later suggests the use of incremental welfare value as the end of economics Fakultas Ekonomi dan Bisnis Islam, Institut Agama Islam Negeri Metro 2019-07-01 Article PeerReviewed application/pdf en http://irep.iium.edu.my/75792/1/Satria%20n%20Mahyudi%20ends%20for%20IE%20n%20CE.pdf Azizy, Satria Hibatal and Mohd Yusop, Mohd Mahyudi (2019) The ends of Islamic economics from the perspective of homo economicus and homo Islamicus: a critical study. Jurnal Hukum dan Ekonomi Syariah, 7 (1). pp. 1-19. ISSN 2355-4215 E-ISSN 2528-0872 http://e-journal.metrouniv.ac.id/index.php/adzkiya/article/view/1436/1219 10.32332/adzkiya.v7i1.1436
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic B Philosophy (General)
HB126.4 Islamic Economics
spellingShingle B Philosophy (General)
HB126.4 Islamic Economics
Azizy, Satria Hibatal
Mohd Yusop, Mohd Mahyudi
The ends of Islamic economics from the perspective of homo economicus and homo Islamicus: a critical study
description This paper compares the ends of economic from homo economicusand homo Islamicusperspective. It is a literature study that is combined with the argumentative approach in order to provide the valid comparison of these two. The end or the goal of economics is one of important component of micro foundations of economics. It will become one deciding factor in chosing the most suitable economic agent for Islamic economics. The result of this study shows that the end of economics from homo economicus perspective, which is maximization of utility, is facing a huge criticism. The same case is shown in the end of economics from homo Islamicus perspective, which is maximization of maslahah. This paper later suggests the use of incremental welfare value as the end of economics
format Article
author Azizy, Satria Hibatal
Mohd Yusop, Mohd Mahyudi
author_facet Azizy, Satria Hibatal
Mohd Yusop, Mohd Mahyudi
author_sort Azizy, Satria Hibatal
title The ends of Islamic economics from the perspective of homo economicus and homo Islamicus: a critical study
title_short The ends of Islamic economics from the perspective of homo economicus and homo Islamicus: a critical study
title_full The ends of Islamic economics from the perspective of homo economicus and homo Islamicus: a critical study
title_fullStr The ends of Islamic economics from the perspective of homo economicus and homo Islamicus: a critical study
title_full_unstemmed The ends of Islamic economics from the perspective of homo economicus and homo Islamicus: a critical study
title_sort ends of islamic economics from the perspective of homo economicus and homo islamicus: a critical study
publisher Fakultas Ekonomi dan Bisnis Islam, Institut Agama Islam Negeri Metro
publishDate 2019
url http://irep.iium.edu.my/75792/
http://irep.iium.edu.my/75792/
http://irep.iium.edu.my/75792/
http://irep.iium.edu.my/75792/1/Satria%20n%20Mahyudi%20ends%20for%20IE%20n%20CE.pdf
first_indexed 2023-09-18T21:47:13Z
last_indexed 2023-09-18T21:47:13Z
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