Açıklama | A review article on Khurshid Ahmad’s (ed.) book Studies in Islamic Economics, (Leicester: The Islamic Foundation, 1981, pp. 274). Summarises all the nine papers presented in the First International Conference on Islamic Economics, Makka, 1976. Disagrees with the entire thought content and with the idea of Islamic economics. Considers that all the papers are based on idealistic axioms and removed from social reality, the authors have retained the basic feudalistic, bourgeois structure of society and have transplanted certain economic theories which had relevance to the medieval reality, and have used a framework which wouldipermit perpetuation of the present-day exploitative capitalist structure. Especially, he criticises the relevance of mudaraba for the present-day society. Similarly, he disagrees with the meaning of riba as interest, it being too narrow. Points out the need to develop an original methodological framework based on the social reality. For Muslim economists. Undocumented. |