Islamic Economics: an Overview
Muh. Sholihin| Independent Researcher on Islamic Economics
Islam isnot economics, and economics isnot Islam.
--Muh.
Sholihin--
Indeed,
Islamic economics isnot new economics. Because of positivism-economics, Islam
economics never had admited as a economic system. It is very different with
positivism-economics. For instance, Islamic economics is as a moral economics,
Islam economics has gradual epistemology, and Islamic economics is a hard
critic for the other economic system. It will elaborate in the paper.
As a moral economics, Islamic economics corrolates with
questions—how, what, and why. It means
that islamic economics is tend to vertical relationship—among God and
humankind--and also horizontal association—among humankind. Simply, the main
goal of islamic economics carry out falah concept—in world or next life.
There is an equipoise. It isnot only to took contentment, but consider the big
goal in the next life—akhirath.
If the epistemology of economics base on empiricism, and
rationalism. Islamic economics is enough different with. Empiricism as the main
positivism-economics foundation always consideres to the fact. Falsificationism
and justificationism are the common logical used by positivism-economics. Even
so Islamic economics believes that the common sources of Islamic economics as a
science are two sources—empirical and revelation—hadith and quran. Different in
epistemology, it will be different in view economics and all of problem
economics.
Islamic economics is a hard critic for the other economics
systems—capitalism, socialism. In islamic economics thought, it is popular as
alternative-school of the thought. One of hard islamic economics critics to
capitalism is about the asumption. If economics views that the core economy
problem is source scarcity, even so human desirabilty isnot edge. Islamic
economics has habit of that core economy problem is income distribution
spoiled.
Thus
islamic economics and the other economics—capitalism, socialism—are very
distinct. Both islamic economics and economics cannot unite each others. In the
context, islamic economics in the first reason to perform is to critic and fix
the weak economics system.[]
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