Islamic Economics

Islamic Economics

Interaction of individuals and institution from the perspective of the Quran and its explanation based on Islamic wisdom

Document Type : Original Article

Authors
Mohammad Taghi Nazarian Mofid 1
Hosein Mirmoezi 2
1 PhD in Islamic Economics, Institute of Islamic Culture and Thought
2 Associate Professor, Institute of Islamic Culture and Thought
Abstract
Question of existence and how the relationship between person and institution and how each influences the other is an important question which is related to the anthropological and sociological foundations of economics. It’s so important that the way to answer this question can be considered the distinguishing point of the old institutionalism from new institutionalism and neoclassical economics. In this article, we first tried to answer from the perspective of the Qur'an to the question of "is the relationship between the individual and the institution is a mono-relativistic or interactive and two-sided interrelationship" and in the following, by means of a descriptive-analytical method, the relationship between the individual and the institution based on the mentioned linear sequences is explained for choice in Islamic philosophy. The result of this research is that, firstly, from the perspective of the Quran, the relationship between the individual and the social institutions is a two-side relationship and in addition to influencing individuals to form and transform social institutions, institutions also affect the values and mental preferences of the actors. Secondly, the human choices consist of three layers of insight, orientation and action, each of which includes different stages.  In Almost all priori stages of a choice, except the stage of determination, there is a two-way interaction between the individual and the community that is affecting each other.
Keywords
institutionalism
Islamic economics
Choice
Social Institutions

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