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POSITIVISM OR NORMATIVISM ECONOMICS: An Appraisal toward Islamic Economics Methodology

Mahfud Sholihin

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Abstract

This paper endeavors to explore cotemporary epistemology of islamic economic schools classified into three categories: Baqir Sadr, Mainstream and alternative schools. These mainstreams have been applying difference approaches and paradigms to analyze islamic economics. This study shows that islamic economics has ‘doubleparadigm’. In this case, paradigm is a model or framework for observation and understanding, which shapes both what we see and how we understand it. this paradigms are offered by the muslim economists and also are exerted to understand the islamic economics problems in which the scientific problem in islamic economics is the occurred-gap between theories, norms and facts. Various paradigms of islamic economics — Subjectivism, Positivism, and Deterritorialism — are to understood and explained how the gap between norm and fact occurs in islamic economics. this gap is a complex challenge that must be understoond and explained by applying a multi-discipliner approach.

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What this paper is about

This paper endeavors to explore cotemporary epistemology of islamic economic schools classified into three categories: Baqir Sadr, Mainstream and alternative schools. These mainstreams have been applying difference approaches and paradigms to analyze islamic economics. This study shows that islamic economics has ‘doubleparadigm’. In this case, paradigm is a model or framework for observation and understanding, which shapes both what we see and how we understand it. this paradigms are offered by the muslim economists and also are exerted to understand the islamic economics problems in which the scientific problem in islamic economics is the occurred-gap between theories, norms and facts. Various paradigms of islamic economics — Subjectivism, Positivism, and Deterritorialism — are to understood and explained how the gap between norm and fact occurs in islamic economics. this gap is a complex challenge that must be understoond and explained by applying a multi-discipliner approach.

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Available abstract

This paper endeavors to explore cotemporary epistemology of islamic economic schools classified into three categories: Baqir Sadr, Mainstream and alternative schools. These mainstreams have been applying difference approaches and paradigms to analyze islamic economics. This study shows that islamic economics has ‘doubleparadigm’. In this case, paradigm is a model or framework for observation and understanding, which shapes both what we see and how we understand it. this paradigms are offered by the muslim economists and also are exerted to understand the islamic economics problems in which the scientific problem in islamic economics is the occurred-gap between theories, norms and facts. Various paradigms of islamic economics — Subjectivism, Positivism, and Deterritorialism — are to understood and explained how the gap between norm and fact occurs in islamic economics. this gap is a complex challenge that must be understoond and explained by applying a multi-discipliner approach.

Key concepts: Islamic economics, Subjectivism, Mainstream economics, Positivism, Islam, Positive economics, Epistemology, Economic methodology

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