Islamic Economics Studies Bi-quarterly Journal

A comparative study of the economic school of Islam (from the perspective of Martyr Sadr) and capitalism (from the neoclassical and Marxist perspective) in the framework of four causes; Comprehensive in analysis, efficient in realization

Document Type : Research Paper

Authors

1 M.A. in Islamic Studies and Management, Imam Sadiq University, Tehran, Iran.

2 Assistant Professor, Department of Economics, Faculty of Literature and Humanities, Yasouj University, Kohgiluyeh and Boyer-Ahmad, Iran.

3 Assistant Professor, Department of Finance, Faculty of Islamic Studies and Management, Imam Sadiq University, Tehran, Iran.

Abstract

Presenting a complete picture of Islamic economics as a school in analysis and realization is one of the long-standing concerns of Muslim economists. In this presenting, we are bound to adapt to the prevailing economic system, so the first question in this matter is where is the main bottleneck in the comparative study between the two schools of Islamic economics and capitalist economics? In this research, by examining the governance system of these two schools, the basic dichotomy of "individual and social benefit" is relied upon and by focusing on this dichotomy, it is possible to analyze the comprehensiveness of these two schools. These original dualities should be expanded and detailed in an analytical framework to determine the analytical coordinates of those two schools. In particular, the framework of "four causes" is used and a comprehensive approach to individual and social benefit is observed from the perspective of each of the schools of Islamic economics and capitalism. In addition to the fact that the comprehensiveness of each school is examined in the analysis, the quality of their realization is also evaluated. In this way, to what extent each of the schools has been successful in responding to the real needs of the community, and from this point of view, the efficiency of each is evaluated. As a result of this research, it is proved that only Islam is able to present a school that is "comprehensive" in its analysis and has the necessary "efficiency" for the real leadership of society.

Keywords

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Islamic Economics Studies Bi-quarterly Journal
Volume 15, Issue 2 - Serial Number 30
December 2023
Pages 597-630