Download This PaperSelf-Interest, Homo Islamicus and Some Behavioral Assumptions in Islamic Economics and Finance
International Journal of Excellence in Islamic Banking and Finance, Vol. 1, No. 1, pp. 52-79, January 2011
14 Pages Posted: 16 Jan 2011 Last revised: 2 Jan 2012
Date Written: 2011
Abstract
The theoretical foundation of Islamic economics and finance is based on, among other things, Homo Islamicus or Islamic Man. Islamic economics and finance theoreticians contrast Homo Islamicus with Homo economicus or the Economic Man. This paper examines whether or not Homo Islamicus is significantly different from Homo economicus. This paper focuses on the relevance of self-interest in the context of both Homo economicus and Homo Islamicus.
Keywords: Economic man, Self-interest, Economic systems, Moral norms, Normative theory, Religion
JEL Classification: D64, K0, Z12
Suggested Citation: Suggested Citation
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