Homo Economicus: Cold, Calculating & Callous

Dr. Asad Zaman Books, Current Issues in Islamic Finance, Education, Islamic Economy, Islamic Finance Education Leave a Comment

Modern economic theory is founded on the  principle that human beings “maximize utility”; that is, they choose the best action from among a collection of choices. This axiom is considered self-evident: why would anyone make an inferior choice, when a better option is available? However, the mathematical formulation of this axiom is far from realistic. After all, it is self-evident …

Redefining the Purpose of Education and What It Means for the Future of Islamic Economy

Sadia Karim Current Issues in Islamic Finance, Human Resources in Islamic Finance, Islamic Economy, Islamic Finance, Islamic Finance Education Leave a Comment

Have you ever wondered  – “What is the purpose of education?” Or did this ever come into your mind – “How did the modern schooling system emerge, in what circumstances?” Or “Is education serving its purpose in the modern world?” Or “What is the new reality of our time from old times that may require a different approach in the method ...