Publication:
Economics and morality from an Islamic perspective
Abstract
Economics is often viewed as amoral but not immoral. It is concerned with an important question: how households, businesses and countries and even the entire planet should be managed to live within their resources. Economic theory treats this as a problem of constrained maximization, which is subject to technical solutions focused on the optimal use of scarce resources.
Keywords
Economics , Islamic economics , Zakat , Waqf , Muslim morality , Economic development
Citation
Wilson, Rodney. (2014). Economics and morality from an Islamic perspective. In M. Kabir Hassan & Mervyn K. Lewis (Eds.), Handbook on Islam and economic life (pp.268-282). New York: Edward Elgar Publishing Limited.
Publisher
Edward Elgar Publishing Limited