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Scientific Economic Facts

Prof . Zaid Mohammed Al-Rommany

Published On: 27/2/2021 A.D. - 15/7/1442 H. Visited: 2307 times

Scientific Economic Facts

Fact 1:

Situational positive economists that theory arises to illustrate and interpret reality, and is linked to it in terms of its framework and hypotheses, and they acknowledge that "the vast majority of the economic theories that we find, so far in economic books are those of economists who lived in the Western countries, and who were undoubtedly influenced by their history, the economic environment they experienced, and the philosophies they embraced".

Fact 2:

Economic theory in its various Western forms is based mainly on individual material foundations; because of this, it fails to address all issues related to society, as it leads the individual to a dead end, where he becomes resigned to consumer propaganda. Thus lives in a spiral of consumer need, and in anxiety because of his inability to cope with this spiral, so he has no outlet for salvation, where it is impossible for him to achieve psychological stability.

Fact 3:

Any theory, however neutral, is that, by the recognition of its investigators, it is imbued with inherited and prevailing values, meaning that the validity of any Western theory depends on time and space; Therefore, one of the points of trade-off between positive economics is that Muslim economists have always rejected the neutrality of economics, and they recognize from the outset that their Islamic economy is full of values, hence the science of ethics is one of its foremost in the Islamic economy.

Fact 4:

The Islamic economy is linked to the branches of Islamic knowledge, because it comes from the same sources from which these branches come from, and the Islamic economy studies part of human behavior, and this same behavior, which is taught in other branches of the humanities, but the Islamic economy has closer relations with some Islamic sciences, particularly the sciences of doctrine, origins, jurisprudence, history and ethics.

Fact 5:

The pattern of human behaviour assumed by the Islamic economy is essentially the behaviour of the human being, such as his responsibility before Allah, his care and concern for others, self-commitment, conviction and others.

It is truly surprising that some economists who they were adopt the positive logic of the economy and later retreat from this position, the head of these economists Gunnar Merdal, who says "In every economic research it is necessary to work from the beginning to the end with clear principles, and to restore to economics its character as a moral science."

Fact 6:

There is no deliberation that the Islamic world has different values from others, and as long as we recognize this islamic logic and scientific logic, we must know what suits us, and what explains our reality and directs it, and there is no doubt that achieving this is by formulating and discovering economic theories emanating from our reality, if that is not available at the moment, there is no less than one of those theories, a critical review, which reveals all the flaws in it working to keep them away from them, then modify and develop those theories on the other.

Fact 7:

Any economist interested in the Islamic economy considers that there should be an independent theory of consumer behaviour in the Islamic economy; Such a theory has not yet been developed, and there is a real problem in formulating the positius theory on consumer behaviour, the formulation of realistic theory requires actual observations about the Muslim economic human being, but there is no society in the contemporary world that can claim to be completely Islamic, in the sense that it is a society that establishes a regulatory framework in which economic factors adhere to the teachings and laws of Islam.

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