Constituting Islamic social welfare function: An attempt in Islamic moral economy
Başlık çevirisi mevcut değil.
- Tez No: 516521
- Danışmanlar: Dr. MEHMET ASUTAY
- Tez Türü: Yüksek Lisans
- Konular: Din, Ekonomi, Religion, Economics
- Anahtar Kelimeler: Belirtilmemiş.
- Yıl: 2014
- Dil: İngilizce
- Üniversite: University of Durham
- Enstitü: Yurtdışı Enstitü
- Ana Bilim Dalı: Belirtilmemiş.
- Bilim Dalı: Belirtilmemiş.
- Sayfa Sayısı: 45
Özet
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Özet (Çeviri)
The examples of classical and neoclassical economic systems proved that market economies have failed to meet the expectations about ameliorating people's wellbeing, reducing inequality and poverty, and increasing social welfare and economic development in the late developmentalist states. It is claimed that one of the main reasons for this failure is the market economy's disembedded nature in terms of denying any role for morality in its analysis since it has always claimed to be value-free economies and ethic-free zones. Beyond the market economy paradigm, in responding to the economic realities, religions also offered paradigms, which prevailed for many centuries before modernity. As part of such a religious paradigm, economic system of Islam approaches to the problem from a moral economy perspective. The aim of this study, hence, is to explore the constituents of Islamic Social Welfare Function (ISWF) by making reference to preference ordering and utility issues through the normative dimension of Islamic ontology as expressed and articulated within Islamic Moral Economy (IME). Thus, this research aims to explore and examine the possibility of developing an ISWF in the light of IME teachings as opposed to Arrow's impossibility theorem. By doing this, Arrow's impossibility theorem is critically evaluated and examined, and concluded that the four conditions of Arrow to produce a SWF is, from an Islamic point of view, wrongly addressed. IME, with its distinct values and norms, considers and evaluates economic activities of human beings by reference to the tenets of Qur'an and Sunnah so that by conforming to these tenets people reach falah (salvation) in the akhirah (hereafter). The falah process enhanced with ihsani social capital, at this point, plays an important role over the construction of ISWF within which the failure of neoclassical construct of market economy is not seen in an IME. It should be noted that to establish an ISWF, nevertheless, mere fiqhi approach will also be insufficient, and hence, there is the necessity to embed the moral complement to fiqhi approach. As the foundational axioms of IME constitute the framework of moral aspect of ISWF, the amalgamation of individual preferences to produce public choice framework is driven by this axiomatic approach.
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