L02 Scarcity
As discussed in class, this will be an inverted classroom -- students will study required subject materials at home, and we will have discussions in class. On this webpage, I will write down all of the things that students should do before coming to the next class on Friday 22 Feb at 2:30pm -- BTW -- this will be the regular time for the class, so that I and Mufti Yasir, who is taking notes for the purpose of creating a new textbook, can reach class on time after Jum'aa.
HOMEWORK: To do before 22 Feb -- There is a lot of work, so I am breaking it down into daily tasks, so that you can do them all.
Fri 15th Feb: Re-read the post: Principles of an Islamic Education --
Sat 16th Feb: Listen to the audio talk: The First Lesson
17-18-19-20: Read Posts and listen to embedded videos
From Darkness to Light: Talk on launching a revolution in teaching of economics at Ibn-e-Haldun University
The Third Poison: The Meaning of Development - review of lecture 1 -- how a western education teaches us the development is accumulation of wealth, and therefore teaches us that Quran is useless because it does not teach us how to make money.
Teaching Fish to Fly: review of lecture 1 -- How a Western education is meant to turn out standardized parts, so it takes all students and treats them in the same way. How an Islamic education is meant to bring out hidden capabilities within students, and so it must treat all students differently and train them according to their own hidden talents.
Brainwashing versus Meta-Level Analysis: The goal of a Western education is to make the students believe a certain fixed set of ideas that are given in textbooks as the final truth. The goal of an Islamic education is to enable students to think about the process of thinking itself -- what are ideas, where they come from, etc.
The Illusion of Scarcity - Post on IWV Blog about this lecture
Scarcity: East and West - Paper explains Islamic Views regarding Scarcity - how differentiating between needs and wants makes scarcity disappear.
Re-Launch and Re-Activation - WEA Pakistan Chapter - Initial Post - explains how Islam applies to Economics.
Normative Foundations of Scarcit, Asad Zaman - SSRN Version of RWER paper on this topic
Jason Hickel: De-Growth A Theory of Radical Abundance - Explains how Scarcity is a fraud, a creation of capitalism