Logical Positivism and Islamic Economics

Logical positivism & Vienna Circle

Logical positivism (later and more accurately called logical empiricism) is a school of philosophy that combines empiricism, the idea that observational evidence is indispensable for knowledge of the world, with a version of rationalism, the idea that our knowledge includes a component that is not derived from observation. It grew from the discussions of the so-called "First Vienna Circle" that...

The Philosophy of Logical Positivism

Ethical School in Islamic Economics and Conventional Economics

In the present age, it is the age of economic crises and challenges to moral values. Today, with many moral schools, we are faced with the dos and don’ts of economic activities. On the one hand, the Islamic society needs a dynamic and developed economy, and on the other hand, it needs to consolidate and strengthen moral values in order to bring worldly and otherworldly happiness to people by ma...

The influence of logical positivism on nursing practice.

While logical positivism has been said to have had major influence on the development of nursing theory, whether this influence pervades other aspects of the discipline has not been discussed. One central aspect of logical positivism, the verificationist perspective, was used to examine texts, curricular guides and standards of practice that guided nursing practice in the decades in which logic...

The Methodology of Islamic Economics

his paper investigates the conformity of market participants’ decisions with the Islamic codes of conduct from the economic and philosophical perspectives. At the outset, the contributions of the renowned contemporary Muslim philosophers on the epistemological issues between the “is” and the “ought” are presented. Subsequently, a synthesized construct that would resolve the dichotomy between th...