Islam Economic System Essay Example | Topics and Well Written Essays - 2250 words

Islam Economic System - Essay Example Islam is a significant, growing, and dynamic presence in the world. (Microsoft Encarta 2007) "Though 'Capitalistic' in nature, the Islamic economic system is not, however, based on the European or American capitalist economic principles, which in no way heed moral or ethical conceptions. The Islamic system obeys fully and unconditionally the dictates of moral and ethical doctrines. The difference between the Islamic and the capitalist economic systems is thus a cardinal and fundamental one. "The Islamic economic system also laid down the principle of the equality of value between labor and capital, by recognizing that labor should be accorded equal consideration with capital--in fact that it can itself be regarded as form of 'capital'. (https://www.vedamsbooks.com/no34563.htm - 3k ) Islam's economic system is not merely a matter of broad appeal to voluntary charity; rather, it gives a more comprehensive approach or view of economic life, which in turn is based on the basic teaching in the tenets of Islam. Despite the universality of the Islamic laws, the economic systems could vary since there are communist, socialist, capitalist, and Islamic economic systems. Each is based on goals, principals, or philosophies which are quite unique to that particular ideology. Islam recognized that humans will unde... om the buying of food, taking ownership of property, selling goods, investment, agriculture, taking loans, exchanging currency, taking up employment and giving work, setting up a company, importing and exporting abroad, disposing of assets etc. In this regard, Islam made a distinction between the economic system and economic science i.e. it views them as two separate issues. This is because there is a fundamental difference between the method of production of goods and services (economic science) from the manner of their distribution (economic system). The production of goods and services follow no particular viewpoint in life. A conveyor belt is neither Capitalist, Islamic nor is Communist .It is universal. Questions as to how processes can be made more technological, how mechanisms and robots can improve productivity and how inventions can improve the process of manufacturing do not follow any specific viewpoint in life. This means basic facts on productivity, marketing and manufacturing (economic science) remain the same irrespective of belief or location. This is similar to scientific facts. These are the same whether in China or the US because they are not influenced by any belief. They are questions based upon the reality i.e. understanding the reality at hand leads one to a conclusion. So the fact Inflation occurs when there is too much money chasing too few goods does not change if one is a Christian or if an atheist becomes Muslim or if one moves form China to the US. This is no different to the fact that wood burns whatever your religion or weather you're in the UK or the North Pole. The distribution of resources, how goods and services should be given to the public, whether they should go to the rich or the orphans, aristocracy or the landlords is not a

Are we free or determined Essay Example | Topics and Well Written Essays - 750 words

Are we free or determined - Essay Example Though many philosophical points and theories are presented on this topic and this tradition exist throughout the world. It is observed that the determinism and free will are mutually exclusive to each other. The term determinism got wide meanings and there are two types of determinism, one is hard determinism or incompatibilists and the other one is soft determinism or compatibilists. Hard determinism is a belief, which says that the free will is an illusion but hard determinism says that both ideas can be coherently reconciled. The free will is believed to be metaphysical truth of independent agency or it is defined as the feeling of agency that human experience when they act. The concept of free will plays a central role in our thinking and our views about the world. On the other hand, determinists believe that the level to which human beings have influence over their future is itself dependent on present and past. And it is also described as a term that tells all events in the world are the result of some previous event, or events. And this shows that freedom of human beings is just an illusion. I believe that human are determined and not free will. It is sometimes believed that determinism demands that humans or individuals have no influence on the future events, but this concept is not correct. Determinism is that our past influences our future, and this is a true concept, even if we look it in our own lives. Many philosophers have given their views on this topic, including Omar Khayyam, Thomas Hobbes, Gottfried Leibniz, David Hume and Daniel Dennett etc. If we look at the emergentist or the generative philosophy, we will see that the free will does not exist in it,2 but we can see its illusions because of the generation of infinite behavior from the interaction of finite-deterministic set of rules and constraints. And the unpredictable behavior of deterministic process leads us to the insight of free will. Though, we know that the free will is an ontological entity and it does not exist in real.3 According to some people, determinism is usually negated with morals and ethics. On the other hand, people say that determinism is simply the sum of the pragmatic scientific results, which had made it devoid of subjectivism. As we known that there are no hard-set rules and regulations for morals and ethics and they are different in different cultures, and this makes them different from the physical rules, which are pre-defined and hardly change under any circumstances. But still their existence means that they were a certain result or product themselves. This is due to a comprehensive time period of social development, which is witnessed today, and also a convergence of events, which are created to generate the very idea of morals and ethics in the minds of people. An example of determinism is genetic determinism, where we can now found a scientific connection between one's genes and one's actual and/or potential physical traits (hair and eye color, disease susceptibility, etc.). And this knowledge is used throughout the world for further research. The theory of determinism