Comments on Dr. M. N. Siddiqi’s paper
“Obstacles to Research in Islamic Economics”
Abstract
The problem under discussion could be placed under the general heading of “Islamization of Knowledge,” which is, I believe, one of the most important problems facing the Ummah currently. There is no doubt that in many fields the West has surpassed us in knowledge. How can we solve this problem, advance in knowledge, and re-acquire the leadership that we once had? How did it come to pass that the Ummah which gave the concept of higher education and civilization to the World1 now has the highest rates of illiteracy? How can this state of affairs be changed?
References
Robert E. Lane (2001) Loss of Happiness in Market Economies, place: Yale University Press. Philip Mirowski (1989) More Heat than Light: Economics as Social Physics, Physics as Nature’s Economics, Cambridge: Cambridge University Press. Max Weber (1918), “Science as a Vocation,” reprinted in From Max Weber: Essays in Sociology, Transl. Gerth, H. H. and Mills, C. Wright, Oxford University Press, 1958. Asad Zaman, “Prelude to Islamic Economics,” paper presented at 7th International Conference on Islamic Economics, IERC, KAAU, Jeddah, 2008a Asad Zaman, “Islamic Economics: Survey and Literature Review,” Religion and Development Working Paper 13, 2008b.