A Justice Based Interpretation of ‘ Positive’ Economics; an Exposition of the Function of Economics and its Relation to Islamic Economics

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REZAEI MOHAMMAD JAVAD; MOVAHEDI BEKNAZAR MAHDI

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Journal Paper

Paper Information

Journal: JOURNAL OF ISLAMIC ECONOMIC STUDIES Year:2021 | Volume:12 | Issue:1 (25) Page(s): 155-180

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Information Journal Paper

Title

A Justice Based Interpretation of ‘ Positive’ Economics; an Exposition of the Function of Economics and its Relation to Islamic Economics

Author(s)

REZAEI MOHAMMAD JAVAD | MOVAHEDI BEKNAZAR MAHDI | Issue Writer Certificate

Keywords

Conflict Of InterestQ1

JusticeQ2

Philosophy of EconomicsQ1

Philosophy of Islamic EconomicsQ1

Positive-normative DistinctionQ1

Abstract

Clarification of definitions and functions of social sciences has important implications in our understanding about the nature and method of these sciences. This paper seeks to clarify the position of ideas about Justice in the scientific effort of economists, by presenting an account about the nature of economics. In this paper, based on analytical-theoretical approach, and of course, relying on the notions of innovative economists, attempts to redefine the nature of economics. Accordingly, economics is the science of studying how to deal with the Conflict Of Interests, which, of course, this study is based on the “ scientist’ s or analyst’ s perspective about Justice” . One of the implications of this point of view is to help understanding the collapse of the positive-normative economics distinction; not only “ observations” , but “ theorizing” and “ providing scientific explanations” are influenced by “ the best way to deal with the Conflict Of Interests in the view of the economic or researcher or analyst” . Ultimately, this article criticizes the famous distinction of “ science-school” in the literature of Islamic economics.

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APA: Copy

REZAEI, MOHAMMAD JAVAD, & MOVAHEDI BEKNAZAR, MAHDI. (2021). A Justice Based Interpretation of ‘ Positive’ Economics; an Exposition of the Function of Economics and its Relation to Islamic Economics. JOURNAL OF ISLAMIC ECONOMIC STUDIES, 13(1 (25) ), 155-180. SID. https://sid.ir/paper/408599/en

Vancouver: Copy

REZAEI MOHAMMAD JAVAD, MOVAHEDI BEKNAZAR MAHDI. A Justice Based Interpretation of ‘ Positive’ Economics; an Exposition of the Function of Economics and its Relation to Islamic Economics. JOURNAL OF ISLAMIC ECONOMIC STUDIES[Internet]. 2021;13(1 (25) ):155-180. Available from: https://sid.ir/paper/408599/en

IEEE: Copy

MOHAMMAD JAVAD REZAEI, and MAHDI MOVAHEDI BEKNAZAR, “A Justice Based Interpretation of ‘ Positive’ Economics; an Exposition of the Function of Economics and its Relation to Islamic Economics,” JOURNAL OF ISLAMIC ECONOMIC STUDIES, vol. 13, no. 1 (25) , pp. 155–180, 2021, [Online]. Available: https://sid.ir/paper/408599/en

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