Society and Cooperation in Islam: Incentives and Consequenes

UAE Laws and Islamic Finance


By Iraj Toutounchian

The classical economists did not treat society as a co-operative…

Joan Robinson

The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.

Joan Robinson

Economics is haunted by more fallacies than any other study known to man.

H. Hazlitt

Society is a real compound like the natural compounds.  But the synthesis here is of minds and thoughts and of wills and wishes.  [The] new compound comes into existence and the elements continue their existence with a new identity, individuals also, who enter social life with their gifts acquired from nature and their inborn abilities, spiritually merge into one another to attain a new spiritual identity, which is termed the ‘social spirit’…in the synthesis of society and individuals, though an actual synthesis takes place—because, the constituents, the individuals, as a…

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