THE CONVENTIONAL ECONOMICS METHODOLOGY AND THE POSTULATES SELECTION PROBLEM: AN ALTERNATIVE APPROACH IN ISLAMIC ECONOMICS

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SOBHANI SABET SAYYED ALI; SOBHANI HASSAN

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Paper Information

Journal: JOURNAL OF ISLAMIC ECONOMIC STUDIES Year:2018 | Volume:10 | Issue:2 (20) Page(s): 55-76

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Title

THE CONVENTIONAL ECONOMICS METHODOLOGY AND THE POSTULATES SELECTION PROBLEM: AN ALTERNATIVE APPROACH IN ISLAMIC ECONOMICS

Author(s)

SOBHANI SABET SAYYED ALI | SOBHANI HASSAN | Issue Writer Certificate

Keywords

BASIC PROPOSITIONSQ1

ISLAMIC ECONOMICSQ2

ECONOMIC METHODOLOGYQ2

Abstract

Postulates and Presumptions are the basis for human sciences. Theorists often assume that these are universal. So they try to extract some theories from these postulates. Conventional ECONOMIC METHODOLOGY does not explicitly answer the question about how we choose the propositions. The main question of this paper is what the source of ideas which are the basis for economic theories. In this study we found that there are three point of view in conventional economic theory for this question: pre-empirical, empirical and instrumentalist’s approaches. We also provide some critics for these points of view and offer a new alternative Islamic approach. This approach is based on two fundamental principles: human arbitrary and reality of revelation expressions. Based on these two principles we offer a two-layered methodological approach that extracts the universal law of phenomenon from revelation expressions and partial relationships from Lived experiences of theorist. The revelation expressions are in the first layer as the primary postulates and Presumptions and the lived experiences of theorist are in the layer two as the secondary postulates.

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APA: Copy

SOBHANI SABET, SAYYED ALI, & SOBHANI, HASSAN. (2018). THE CONVENTIONAL ECONOMICS METHODOLOGY AND THE POSTULATES SELECTION PROBLEM: AN ALTERNATIVE APPROACH IN ISLAMIC ECONOMICS. JOURNAL OF ISLAMIC ECONOMIC STUDIES, 10(2 (20) ), 55-76. SID. https://sid.ir/paper/220854/en

Vancouver: Copy

SOBHANI SABET SAYYED ALI, SOBHANI HASSAN. THE CONVENTIONAL ECONOMICS METHODOLOGY AND THE POSTULATES SELECTION PROBLEM: AN ALTERNATIVE APPROACH IN ISLAMIC ECONOMICS. JOURNAL OF ISLAMIC ECONOMIC STUDIES[Internet]. 2018;10(2 (20) ):55-76. Available from: https://sid.ir/paper/220854/en

IEEE: Copy

SAYYED ALI SOBHANI SABET, and HASSAN SOBHANI, “THE CONVENTIONAL ECONOMICS METHODOLOGY AND THE POSTULATES SELECTION PROBLEM: AN ALTERNATIVE APPROACH IN ISLAMIC ECONOMICS,” JOURNAL OF ISLAMIC ECONOMIC STUDIES, vol. 10, no. 2 (20) , pp. 55–76, 2018, [Online]. Available: https://sid.ir/paper/220854/en

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