Microeconomics and macroeconomics share the principle that the market is a suitable field for realizing efficiency, maximum production and, consequently, maximum economic welfare. Microeconomics pursues this by assuming free competition in pursuit of individual interests and maximum coordination of this personal interest with the collective interest with the help of the invisible hand or coordination by minimal government interventions. Therefore, the macroeconomic view in microeconomics is completely aggregated. By denying the above assumptions, Keynes proposed non-aggregative macroeconomics as an economic theory of interest to the individual and the government. By presenting the economic religion of Islam, Martyr Sadr recognizes the market, but with assumptions other than neoclassical microeconomics, and at the same time, he also accepts the need for macroeconomics, but not with the assumption of Keynes' analysis of the inefficiency of the market, but with the assumption of achieving social balance through the maximization of collective benefit. mundane for the maximization of otherworldly individual benefit. With this view, Islamic economy definitely needs a macro branch. This article pays attention to a corner of the basis and nature of conventional and Islamic macroeconomics and the necessity of Islamic macroeconomics based on the perspective of Shahid Sadr using a descriptive-analytical method and referring to documents.
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lashkari, A., & Bahraini Yazdi, H. (2024). The necessity of macroeconomic approach based on the basic thought of Martyr Sadr. Islamic Economics, 23(92), 5-28.
MLA
alireza lashkari; Hussein Bahraini Yazdi. "The necessity of macroeconomic approach based on the basic thought of Martyr Sadr". Islamic Economics, 23, 92, 2024, 5-28.
HARVARD
lashkari, A., Bahraini Yazdi, H. (2024). 'The necessity of macroeconomic approach based on the basic thought of Martyr Sadr', Islamic Economics, 23(92), pp. 5-28.
VANCOUVER
lashkari, A., Bahraini Yazdi, H. The necessity of macroeconomic approach based on the basic thought of Martyr Sadr. Islamic Economics, 2024; 23(92): 5-28.