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the limitations of bounded rationality methodology in conventional economics; An introduction to the theory of religious rationality in Islamic economics | ||
| مطالعات میان رشتهای تمدنی انقلاب اسلامی | ||
| Article 5, Volume 4, Issue 13, May 2025, Pages 135-170 PDF (760.26 K) | ||
| Document Type: Original Article | ||
| DOI: 10.28211685/CIR.2410.1172.4.13.5 | ||
| Author | ||
| Saeid Mohammadbeigi* | ||
| PhD Student, Philosophy of Islamic Economics, Imam Khomeini Educational and Research Institute, Qom, Iran | ||
| Receive Date: 08 October 2024, Revise Date: 18 April 2025, Accept Date: 30 April 2025 | ||
| Abstract | ||
| The theory of bounded rationality in conventional economics is known according to the two components of "personal interest maximization" and "internal consistency of choices". This theory has been doubted by some conventional economists and most Islamic economists, and many criticisms have been made to it. In the meantime, Muslim economists in some books and articles have tried to provide an alternative to the theory of limited rationality. In this connection, the aim of the current research is to examine the theory of limited rationality and the criticisms made on it and to present a systematic and coherent definition of rationality in the Islamic framework, which is examined under the title of "religious rationality" and its components are identified. The present research has been done with the help of Islamic text analysis and rational method and using the library research technique. According to the hypothesis of the article, in connection with the approach of religious rationality, in addition to the development in the methodology of rationality, the Islamic system should also include the criteria of "pervasive utilitarianism", "Islamic justice" and "obedience to divine duties". The findings of the research show that the theory of religious rationality is different from the approach of limited rationality in conventional economics from the three axes of "form", "method" and "content". | ||
| Keywords | ||
| Religious rationality; limited rationality; economic man; personal interest; internal consistency | ||
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