Revolutionizing Islamic Economics: A Third Generation Approach
Zoom talk describing a planned textbook on third generation Islamic Economics. This talk was delivered on 14th Oct.2024. In this thought-provoking lecture, Dr. Asad Zaman delves into the evolution of Islamic economics, presenting the concept of Third Generation Islamic Economics (3GIE). He contrasts the foundational principles of Islamic societies—rooted in cooperation, generosity, and spiritual goals—with the competitive, individualistic ethos of capitalist societies. Drawing on centuries of intellectual tradition, Dr. Zaman critiques the flawed metaphysical assumptions of modern economics and offers a revolutionary framework for rethinking economic systems in alignment with Islamic values. This talk challenges prevailing economic theories and presents a roadmap for building just and sustainable societies.