Tag Archives: Indonesia

Talk: Islamic Economics at University of Indonesia: Parts 4 of 12 Part Video Series

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This is the second post that will cover a 12 part video series containing an invited talk by Dr. Asad Zaman on Islamic Economics at the University of Indonesia. The first post is here.

In Part 4 of the talk, Professor Zaman comments on value – a concept of seminal importance in economics. How do we value a human life? The message of Allah to humanity is that each life is precious and unique and that each human being is as valuable as the whole of humanity. On the other hand, the message of modern mainstream economics is that the value of a human life is merely equal to the value of what it can produce or consume. According to this materialistic view, humans are not beings but they are resources. All of modern economics follows from this unfortunate ideological error. An error that has ironically caused us to incur enormous losses as a human race. Listen to the rest below.

Dr. Asad Zaman, Talk on Islamic Economics at the University of Indonesia, Part 4 of 12.

You may listen to the full talk by Dr. Asad Zaman on YouTube.

Talk: Islamic Economics at University of Indonesia: Parts 1-3 of 12 Part Video Series

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This is the first post that will cover a 12 part video series containing an invited talk by Dr. Asad Zaman on Islamic Economics at the University of Indonesia. Part 1 and Part 2 contain the beautiful inaugural ceremony of the gathering.

The talk begins near the end of Part 3 of which we will present a gist. We must understand that economics is the new religion of mankind and therefore when we start to study it, we must understand first what we are studying and why we are studying it. It is quite natural for people to experience what is called cognitive dissonance when they hear something new or strange. As people, we tend to understand something new in terms of what we already know. To appreciate Islamic economics, we must first become comfortable with the idea that most of what we know might be challenged and the quest for economics actually starts with an inquiry into who we really are. Please watch the video here:

Dr. Asad Zaman, Talk on Islamic Economics at the University of Indonesia, Part 3 of 12.

You may listen to the full talk by Dr. Asad Zaman on YouTube.