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...

Full description

Saved in:
Bibliographic Details
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/75792/1/75792_The%20ends%20of%20Islamic%20economics%20from%20the%20perspective.pdf
http://irep.iium.edu.my/75792/
https://e-journal.metrouniv.ac.id/index.php/adzkiya/article/view/1436/1219
Tags: Add Tag
No Tags, Be the first to tag this record!
Institution: Universiti Islam Antarabangsa Malaysia
Language: English
id my.iium.irep.75792
record_format dspace
spelling my.iium.irep.757922020-03-30T05:24:15Z 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/75792/1/75792_The%20ends%20of%20Islamic%20economics%20from%20the%20perspective.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. Adzkiya: Jurnal Hukum dan Ekonomi Syariah, 7 (1). pp. 1-19. ISSN 2355-4215 E-ISSN 2528-0872 https://e-journal.metrouniv.ac.id/index.php/adzkiya/article/view/1436/1219 10.32332/adzkiya.v7i1.1436
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
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/75792/1/75792_The%20ends%20of%20Islamic%20economics%20from%20the%20perspective.pdf
http://irep.iium.edu.my/75792/
https://e-journal.metrouniv.ac.id/index.php/adzkiya/article/view/1436/1219
_version_ 1662753755579285504