The Problems of Objectivity in Islamic Economics

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MOAREFI MOHAMMADI ABDUL HAMID; Hoseiny Sayyed Aqil

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Journal: JOURNAL OF ISLAMIC ECONOMIC STUDIES Year:2019 | Volume:11 | Issue:2 (22) Page(s): 249-272

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Title

The Problems of Objectivity in Islamic Economics

Author(s)

MOAREFI MOHAMMADI ABDUL HAMID | Hoseiny Sayyed Aqil | Issue Writer Certificate

Keywords

ObjectivityQ1

Islamic EconomicsQ2

UnderdeterminationQ1

ValuesQ1

HolismQ1

Abstract

Science is a objective knowledge. Always, Objectivity means valueneutrality. But, is economics as a historical and social science, value-free? In philosophy of science we assume a distinction between context of discovery an context of justification, and we seek Objectivity in the latter context. But there are critiques of this distinction, for example in holistic approaches of Kuhn and quine. In Kuhn's view there is not a standpoint to see objective facts independent of paradigm. In quine's view logic and experience are not sufficient for theory selection, so theories became underdeterminate. So we have need Values (epistemic and non-epistemic) as a criteria for theory selection. This is a problem specially in social sciences such as economics. In this paper we show if we accept (Kuhn and quine) Holism in economic methodology, this approach can expanded sphere of Objectivity in economics. Economist via non-epistemic value in theory choice can overcome problems of Underdetermination and Objectivity in economics.

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APA: Copy

MOAREFI MOHAMMADI, ABDUL HAMID, & Hoseiny, Sayyed Aqil. (2019). The Problems of Objectivity in Islamic Economics. JOURNAL OF ISLAMIC ECONOMIC STUDIES, 11(2 (22) ), 249-272. SID. https://sid.ir/paper/220841/en

Vancouver: Copy

MOAREFI MOHAMMADI ABDUL HAMID, Hoseiny Sayyed Aqil. The Problems of Objectivity in Islamic Economics. JOURNAL OF ISLAMIC ECONOMIC STUDIES[Internet]. 2019;11(2 (22) ):249-272. Available from: https://sid.ir/paper/220841/en

IEEE: Copy

ABDUL HAMID MOAREFI MOHAMMADI, and Sayyed Aqil Hoseiny, “The Problems of Objectivity in Islamic Economics,” JOURNAL OF ISLAMIC ECONOMIC STUDIES, vol. 11, no. 2 (22) , pp. 249–272, 2019, [Online]. Available: https://sid.ir/paper/220841/en

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