Liberalism, Islam and the idea of Mankind

Hayat, Azmat and Mohd Shafiai, Mohammad Hakimi (2018): Liberalism, Islam and the idea of Mankind.

Abstract

After the defeat of Marxism and the triumph in the war in Iraq, pundit in the global north believed neoliberalism as the end of history and final form of mankind ideological evolution. It was also claimed that neoliberalism successfully satisfied all the previous ideological contradictions. In contrast Muslims believes that more than fourteen hundred years ago, Islam already provided the best and everlasting ideology for the welfare of humanity. It is also believed that each and everything in the message of Islam is the ultimate truth. Muslims believes that differences exist on various issues between these two contrasting ideologies but most prominent one is the gnosis of human being which the present study will undertake. Using the methodology of library research this paper will investigate that how the liberal and Islamic economists conceptualize man in their analysis and to what degree the concept of man has been universalized. In neoliberalism there is complete silence on the issue of human incorporeal soul while Muslims writers explained it in a sensible and easy to understand manner.

• Item Type: MPRA Paper
• Language: English
• Keywords: Humans being, Homo-Economicus, Neoliberalism and Islam
• Subjects: A - General Economics and Teaching > A1 - General Economics > A11 - Role of Economics ; Role of Economists ; Market for Economists; A - General Economics and Teaching > A1 - General Economics > A13 - Relation of Economics to Social Values; B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches; B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B50 - General; B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B59 - Other; P - Economic Systems > P3 - Socialist Institutions and Their Transitions; P - Economic Systems > P5 - Comparative Economic Systems > P51 - Comparative Analysis of Economic Systems; P - Economic Systems > P5 - Comparative Economic Systems > P52 - Comparative Studies of Particular Economies; P - Economic Systems > P5 - Comparative Economic Systems > P59 - Other; Z - Other Special Topics > Z1 - Cultural Economics ; Economic Sociology ; Economic Anthropology > Z19 - Other

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