Aurora Borealis
19 August 2020 Multimedia

The Economics of Solidarity: Perspectives from the Moral Economy of Islam

  1. Adeel Malik, PhD
  2. Steve Wallace

Neoclassical economic models describe humans as greedy, self-centered homo economicus — always working to maximize personal gain. Behavioral finance has recently exposed the flaws in this approach, but a much older school of thought offers a different way to view humans and their role in economic systems. For centuries, the moral economy of Islam has stressed the importance of communities and cooperation in trade and economic development. This webinar with Professor Adeel Malik, Globe Fellow in Economies of Muslim Societies at Oxford University, will explain how the moral economy of Islam can contribute towards an alternative economic imagination that avoids the excesses of capitalism and socialism, and offers lessons for building a more sustainable global economy.

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