Paradigm Shift for Sustainable Development: The Contribution of Islamic Economics

Z. Hafsa Orhan Åström · Orhan ASTRÖM

27 citations0/0 files storedJournal of Economic and Social Studies

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Islamic Finance and Banking Studies Sustainable Development and Environmental Management Religion, Ecology, and Ethics

Abstract

Sustainable development is a common concept of the 21st century. However, the expected changes towards sustainable development are slow. We believe every change starts with changes in understanding of the subject matter. If sustainable development is the aim, it should start with changes in understanding. This paper aims to explain the necessary paradigm shift for sustainable development by the contribution of Islamic economics. While doing this, the reasons of paradigm shift, the content of such a paradigm shift, and the possible contributions of Islamic economics will be analyzed.

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1963The Structure of Scientific Revolutions 1994Islamic Economics: The Emergence of a New Paradigm 2006The Making of Entrepreneurial Islam and the Islamic Spirit of Capitalism1 2007A Political Economy Approach to Islamic Economics: Systemic Understanding for an Alternative Economic System 2002The Oxford dictionary of difficult words

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