Lecture 6: Contrasts between Islamic & Western Economics

An Islamic Critique of Neoclassical Economics.

In this lecture we discuss some of the fundamental principles of conventional economics are diametrically opposed to Islamic principles. Furthermore, Islamic principles provide a sound basis on which to build, while economics is built on wrong principles.

Crit7.doc

THE MAIN ARTICLE FOR THIS SECTION has been accepted for publication in Pakistan Business Review:

“AnIslamic Critique of Neoclassical Economics,” Pakistan Business Review, April 2012,

Pre-Print Version is attached below as:CleanICNCERev.doc

The printed version is ICNEinPBR.pdf

A variant of this paper was written earlier -- entitled: Contrast between Western and Islamic Economics -- this is attached below as IESUM04f.doc. The page linked contains more details and developments of this paper.