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W eber and B aqir as‐ S adr: The Paradox of Economic Development in I slamic Societies
Author(s) -
Reda Ayman
Publication year - 2014
Publication title -
american journal of economics and sociology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.199
H-Index - 38
eISSN - 1536-7150
pISSN - 0002-9246
DOI - 10.1111/ajes.12069
Subject(s) - islam , doctrine , capitalism , divergence (linguistics) , islamic economics , sociology , environmental ethics , political science , positive economics , economics , philosophy , law , theology , linguistics , politics
This article attempts to reconsider the controversial relationship between Islam and economic development. It does so by deeply engaging the views of W eber and B aqir as‐ S adr. According to Sadr, the development of capitalism in E urope is a consequence of the moral practice of W estern societies, which is fundamentally different from that of I slamic societies. This divergence in moral practices translates into a divergence in economic doctrine, resulting in an incompatibility between the capitalist method and the moral practice of I slamic societies.