Methodology for Islamic Economics

There are vast differences between views of what knowledge is and how it should be acquired between Islam and the West. One recent paper is listed below.

Several papers on methodology and its relation to Islamic economics are listed HERE.

An Islamic Approach to Humanities: (to appear in JKAU: Islamic Economics Journal). ABSTRACT: The methodology of science is suitable for material substances subject to laws, but not for humans with free will. “Social science” was born from the misconception that application of the scientific method to human beings and societies would lead to remarkable progress. However, this approach has failed in many different ways, documented below. Islam provides us with a radically different approach to the study of human beings and societies, predicated on human freedom to choose between good and evil. This approach is delineated below.

A useful reference might be:

Waleed Addas Thesis on the subject of Islamic methodology

Several Video Lectures on Methodology - Playlist includes topic above, plus several others