| EH.Net Encyclopedia: Islamic Economics: What It Is and How It Developed (8866 words) |
 | However, if self-interest is overemphasized and there are no moral restraints on individual behavior, other institutions may not work effectively - families may disintegrate, the society may be uncaring, and the government may be corrupt, partisan, and self-centered. |
| Moral uplift aims at the change in human behavior, tastes and preferences and, thereby, it complements the price mechanism in promoting general well-being. |
| Consequently, the three crucial concepts of conventional economics - rational economic man, positivism, and laissez-faire – were not able to gain intellectual blessing in their conventional economics sense from any of the outstanding scholars who represent the mainstream of Islamic thought. |
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