Paper Information

Journal:   JOURNAL OF ISLAMIC ECONOMIC STUDIES   FALL 2015-WINTER 2016 , Volume 8 , Number 1 (15) #L0046; Page(s) 57 To 90.
 
Paper: 

APPLICATION OF MATHEMATICS IN ISLAMIC ECONOMICS, BENEFITS AND LIMITATIONS

 
 
Author(s):  ALIZADEH AMIR KHADEM, POURKAZEMI MOHAMMAD HOSSEIN, KESHAVRZ MOHSEN*
 
* 
 
Abstract: 

Although economics among the branches of social sciences, takes the most benefits from applying mathematical tools for the problems of explanation and prediction, so far has experienced lots of limitations.
So in this paper we tried not only to study the historical and theoretical foundations of mathematics in conventional economics, but also to discuss the advantages and limitations of mathematical methods in economic researches. Then, in addition to the introduction of the theoretical principles of applying mathematics in islamic economics, its advantages and limitations were mentioned. Finally, efforts have been made to explain the right interaction of these two fields, providing an optimal model of the application of mathematics in Islamic economics.
Results show that islamic economic is able to achieve an efficient pattern of the mathematics -based research, if some special principles such as laying away excesses in the use of mathematical methods, not aiming at formalisms, using new branches of mathematics and also other methods of scientific studies in the mathematical method be considered.

 
Keyword(s): METHODOLOGY OF ECONOMICS, MATHEMATICAL ECONOMICS, ISLAMIC ECONOMICS, PURE ECONOMY
 
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