A Comparative Study of the Paradigm of Egoism in the Islamic and Conventional Economics

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Habibian Naghibi Majid; Dehghani Mahmoud Abadi Mahmoud

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Journal: Ma`rifat-e Eghtesad-e Islami Year:2018 | Volume:9 | Issue:2 (18) Page(s): 45-62

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Title

A Comparative Study of the Paradigm of Egoism in the Islamic and Conventional Economics

Author(s)

Habibian Naghibi Majid | Dehghani Mahmoud Abadi Mahmoud | Issue Writer Certificate

Keywords

normative ethics of Islamic economicsQ1

egoismQ2

general DeontologyQ1

utilitarianismQ1

ConsequentialismQ2

normative ethics of the conventional economyQ1

Abstract

One of the fundamental issues in the philosophy of Islamic economics is explaining the foundations of normative ethics of the theories of Islamic economics. Using analytical method, this paper seeks to study the paradigm of egoism in the Islamic and conventional economics. Now, this question arises whether or not egoism, which is accepted as the paradigm and hard core of the conventional economy, can be considered as the foundations of normative ethics in the Islamic economics. Basically, Islamic thought accepts Consequentialism or Deontology? Answering the above question, this paper exposes that, the foundation of the normative ethics of Islam is Deontology. According to the hypothesis, in cases where consistency of duty depends on the consequence in action, the clause of consequence is assumed in the generality of the duty, and the subject of duty has the generality by the specific clause state; thus, there is no need to look for of Consequentialism; because the attempt to achieve a result in these cases is itself a part of duty; this type of "Deontology" is called "general Deontology". This Deontology has a booster engine by the name self-interest as a motive. Findings show that, the realization of the dual union of duty and self-interest is not paradoxical in economics and so on. There is a significant difference between self-interest in Islam and egoism in the conventional economy in terms of foundations and identity.

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APA: Copy

Habibian Naghibi, Majid, & Dehghani Mahmoud Abadi, Mahmoud. (2018). A Comparative Study of the Paradigm of Egoism in the Islamic and Conventional Economics. MARIFAT E EGHTESADI E ISLAMI, 9(2 (18) ), 45-62. SID. https://sid.ir/paper/394269/en

Vancouver: Copy

Habibian Naghibi Majid, Dehghani Mahmoud Abadi Mahmoud. A Comparative Study of the Paradigm of Egoism in the Islamic and Conventional Economics. MARIFAT E EGHTESADI E ISLAMI[Internet]. 2018;9(2 (18) ):45-62. Available from: https://sid.ir/paper/394269/en

IEEE: Copy

Majid Habibian Naghibi, and Mahmoud Dehghani Mahmoud Abadi, “A Comparative Study of the Paradigm of Egoism in the Islamic and Conventional Economics,” MARIFAT E EGHTESADI E ISLAMI, vol. 9, no. 2 (18) , pp. 45–62, 2018, [Online]. Available: https://sid.ir/paper/394269/en

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