The Homogeneity and Importance of the Institutional Economics for Islamic Economics Creation

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POURFARAJ ALIREZA; KARIMI MOUGHARI ZAHRA; Aghdas Tinat Javad

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Journal: EGHTESAD-E ISLAMI Year:2019 | Volume:19 | Issue:73 Page(s): 91-121

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Title

The Homogeneity and Importance of the Institutional Economics for Islamic Economics Creation

Author(s)

POURFARAJ ALIREZA | KARIMI MOUGHARI ZAHRA | Aghdas Tinat Javad | Issue Writer Certificate

Keywords

Islamic EconomicsQ2

Institutional EconomicsQ1

Institutional Decision MakingQ1

Transaction CostsQ2

Abstract

Neoclassical economics is considered to be the mainstream of educational and research programs in economics, and other approaches are largely on the brink of these programs. The main discussion and discussion of this article is whether the combination of Islamic Economics should also be the same, that is, whether the emphasis of Islamic Economics should be on the combination of Islamic teachings with neoclassical literature. In institutional literature, with emphasis on neo-classical optimization constraints, "institutional decisions" and "Transaction Costs" are important. The main characteristic of religious behavior "institutional act" within the framework of the rules and structures of religious and "reducing Transaction Costs" have the core functionality of jurisprudence and Islamic ethics is, from this perspective, similarity and congruence form of literature institutional and teachings Aslamyta largely self-evident It will look. The purpose of this article is to deepen and redefine the meaning of this concept in a new way. In this context, and analytical and descriptive approach to comparative literature, the neoclassical and institutional areas of microeconomic we will and will try to emphasize the importance and role of "decision-making institutions", and the importance of reducing "Transaction Costs" in the economy, explain the proper analysis for It is arguable that economists, compared to neoclassical literature, have much more operational and uniformity in the construction of the combined economic component of Islam. Accordingly, it is necessary to pay special attention to econometric literature in the curriculum of Islamic Economics and economics, along with econometric-pedagogical education.

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APA: Copy

POURFARAJ, ALIREZA, KARIMI MOUGHARI, ZAHRA, & Aghdas Tinat, Javad. (2019). The Homogeneity and Importance of the Institutional Economics for Islamic Economics Creation. EGHTESAD-E ISLAMI, 19(73 ), 91-121. SID. https://sid.ir/paper/408435/en

Vancouver: Copy

POURFARAJ ALIREZA, KARIMI MOUGHARI ZAHRA, Aghdas Tinat Javad. The Homogeneity and Importance of the Institutional Economics for Islamic Economics Creation. EGHTESAD-E ISLAMI[Internet]. 2019;19(73 ):91-121. Available from: https://sid.ir/paper/408435/en

IEEE: Copy

ALIREZA POURFARAJ, ZAHRA KARIMI MOUGHARI, and Javad Aghdas Tinat, “The Homogeneity and Importance of the Institutional Economics for Islamic Economics Creation,” EGHTESAD-E ISLAMI, vol. 19, no. 73 , pp. 91–121, 2019, [Online]. Available: https://sid.ir/paper/408435/en

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