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The Islamic World View and the Question of Development

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Studies in Islamic Social Sciences

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Abstract

Economic development is a multifaceted concept. When development theorists started to question the economic growth paradigm and the relevance of growth as an economic target, growth itself was seen to be incapable of explaining much of the inherent nature of distribution, equity, ethical factors encompassing modes of production, consumption, technology, self-reliance and demographics. The most challenging task in development theory, as in economic theory, has been to integrate distributive equity with economic growth in such a way that none of these goals are substituted for the other along a developmental regime. The economics literature has not provided a solution to this problem because of the epistemological bias it has towards materiality, markets and ethics. Liberating the economics schools from this entrenched epistemological (and hence institutional and societal) arrangement of occidentalism is an impossible task within the neoclassical order.

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Authors and Affiliations

  1. University College of Cape Breton, Nova Scotia, Canada

    Masudul Alam Choudhury (Professor of Economics)

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  1. Masudul Alam Choudhury
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© 1998 Masudul Alam Choudhury

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Choudhury, M.A. (1998). The Islamic World View and the Question of Development. In: Studies in Islamic Social Sciences. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-26179-6_5

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