Publication:
The starry heavens above and the moral law within: on the flatness of economics
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.
Keywords
Adam Smith , Morality , Ethics , Economics , Islam
Citation
Mirakhor, Abbas. (2014). The starry heavens above and the moral law within: on the flatness of economics. Economic Journal, 11 (2), pp. 186-193.
Publisher
Atlas Economic Research Foundation