The theory of consumer behavior (5)

The paper notes that, being rational in the economic sense is thus able to think wisely and meticulously in doing economics activity so that can get benefit from it.

The best way to discuss rationality between conventional and Islamic systems would be through comparing the worldview of the systems.

According to Chapra, the worldview of capitalism has been greatly influenced by the enlightenment movement.

The movement was stretching over approximately two centuries:

§  between early 17th century;

§  and the beginning of the 19th century.

This movement emerged because of wide spreading discontentment with the church institutions.

The major implication of this movement was the separation of revelation postulates in the life of people.

Secular paradigm proclaimed the separation of religious value in people life had been widely accepted.

to be continued...

Source: Islamic Science University of Malaysia