Scholarly Comments on Academic Economics

The Starry Heavens Above and the Moral Law Within: On the Flatness of Economics

by

Abstract

Research in various fields has demonstrated the inadequacy of the Max U image of man. To the extent that the model is responsible for major problems humanity is facing today, it needs to be revised. This note argues that ideas of religions, such as human dignity, personhood, stewardship, and empathy can enrich economics. A number of ideas of Islam, such as property-right rules, risk sharing, and rule-based market behavior are mentioned.

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Volume (Issue)
Pages
186-193
Published
JEL classification
A12, A13, L26, Z12, Z13
Keywords
Adam Smith, morality, ethics, economics, Islam
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