{bit.ly/3gie} This is the homepage for my forthcoming textbook on Third Generation Islamic Economics. Supplemental and reference materials for the textbook will be available from https://sites.google.com/view/ie3g. To understand the rationale for developing a new way of studying human societies, based on Islamic epistemological and moral foundations, see Rebuilding Economics on Islamic Moral Foundations. You can join a mailing list that will provide chapters and related materials at: http://bit.ly/AZIEML Previous emails sent to the mailing list are available here: Past Emails.For previous course materials and lectures on Islamic Economics, see: http://bit.ly/IslamicEcon2023. Those who would like to participate more actively are encouraged to join via the Invite Link to WhatsApp Group IEML. Those in Indonesia and Malaysia are encouraged to register and join the Ghazali Group (Indonesia Chapter) managed by Lisa Listiana.

An introduction to the course is provided in Self-Knowledge: The Key to Understanding Society. Understanding human societies requires understanding human behavior. The axiomatic approach taken by Economists leads to the homo economicus model. which is overwhelmingly contradicted by empirical evidence about human behavior. Instead of axioms, we propose to use self-knowledge as the key to understanding human behavior. Everyone has direct experiential knowledge of himself, and this provides us with the deepest insights into real human behavior. Having a valid theory of human behavior allows us to rebuild the entire discipline of economics on new foundations.

Chapter 1: The Methodology of Uloom ul Umran: Ibn Khaldun took Asabiyya to be the basis for collective action, which is the key to social change. In modern times, we have identity-narratives of various kinds which create group cohesion and form the basis for collective action. Societies are continuously evolving and changing, so social theories must necessarily co-evolve and adapt themselves to changing social structures. Social theories often reflect biases of groups, and dominant theories reflect power rather than truth. Social theories guide policies and shape the process of social change. This makes human agency an essential component of social change. For more details, download Chapter 1.

Chapter 2: Historical origins of Western Social Science (in process): This chapter will explain how social sciences emerged in European thought and how they were shaped by particular historical circumstances of Europe. Understanding this will show us why these theories are Eurocentric, and not universally applicable.