Research Article

Importance of Psychology of Different Groups in Economics from A Religious Perspective

Volume: 4 Number: 1 June 30, 2023
TR EN

Importance of Psychology of Different Groups in Economics from A Religious Perspective

Abstract

Despite all the recent discoveries in behavioral psychology, ethics, religion, and finance, the spirit of homo- Despite all the recent discoveries in behavioral psychology, ethics, religion, and finance, the spirit of homo-economicus still dominates contemporary economics, political science, and sociology. The old parts of the political economy reveal that leading figures such as Ibn Khaldun, Weber, Bacon, Hobbes, and Smith were not apostles of pure economic rationality and a materialistic mindset. While most of these thinkers plausibly endorsed "rationality" in the context of social and cultural realities, they were also aware of the systematic irrationality of cognitive biases that were later "discovered" by contemporary behavioral economists. We are trying to answer the question, "are there a discrepancy or non-complacency in rationality understanding of economic decisions based on differing needs of economic agencts from a religious perspective?". So, based on assumptions that religion, economis and psychology are effecting each other, it is argued that a well-defined hypothesis and assumptions on the relationship between psychology and economic behaviors need to be cleared at least three aspects: first, "identifying key factors that influence mood"; second "exploring the relationship between behavior, faith, and psychology"; and third "considering the possible effects of psychology, faith, and behaviors of different groups of people on economic decisions”. A set of reasonable suggestions for policy makers is going to be produced in this direction.

Keywords

References

  1. Adler, N. E., & Stewart, J. "Health disparities across the lifespan: meaning, methods, and mechanisms." Annals of the New York Academy of Sciences, 1186/1 (January 2010): 5-23.
  2. Amir, O., Ariely, D., Cooke, A. et al. "Psychology, Behavioral Economics, and Public Policy." Market Lett, 16/443–454 (2005). https://doi.org/10.1007/s11002-005-5904-2
  3. Beekman, A. T., Deeg, D. J., van Tilburg, T., Smit, J. H., Hooijer, C., & van Tilburg, W. "Major and minor depression in later life: a study of prevalence and risk factors." Journal of affective disorders, 36/1-2 (1995): 65-75.
  4. Buchanan, J. M., & Tulloch, G. "The calculus of consent: Logical foundations of constitutional democracy." Ann Arbor: University of Michigan Press, 1962.
  5. Chapra, M. U. "The Islamic vision of development in the light of Maqasid al-Shariah." Jeddah: Islamic Research & Training Institute, 2008.
  6. Chen, E., Miller, G.E., Kobor, M.S., Cole, S.W. "Maternal warmth buffers the effects of low early-life socioeconomic status on pro-inflammatory signaling in adulthood." Mol. Psychiatry, 16/729–737 (2011).
  7. Cook, J. A., & Wimberley, D. W. "If I Should Die Before I Wake: Religious Commitment and Adjustment to the Death of a Child." Journal for the Scientific Study of Religion, 22/3 (1983): 222–238. https://doi.org/10.2307/1385967
  8. Diener, E., & Seligman, M. E. "Beyond money: Toward an economy of well-being." Psychological Science in the Public Interest, 5/1 (2004): 1-31.

Details

Primary Language

English

Subjects

-

Journal Section

Research Article

Early Pub Date

June 29, 2023

Publication Date

June 30, 2023

Submission Date

March 18, 2023

Acceptance Date

May 25, 2023

Published in Issue

Year 2023 Volume: 4 Number: 1

APA
Efe, A. (2023). Importance of Psychology of Different Groups in Economics from A Religious Perspective. Tevilat, 4(1), 45-76. https://doi.org/10.53352/tevilat.1267316
AMA
1.Efe A. Importance of Psychology of Different Groups in Economics from A Religious Perspective. Tevilat. 2023;4(1):45-76. doi:10.53352/tevilat.1267316
Chicago
Efe, Ahmet. 2023. “Importance of Psychology of Different Groups in Economics from A Religious Perspective”. Tevilat 4 (1): 45-76. https://doi.org/10.53352/tevilat.1267316.
EndNote
Efe A (June 1, 2023) Importance of Psychology of Different Groups in Economics from A Religious Perspective. Tevilat 4 1 45–76.
IEEE
[1]A. Efe, “Importance of Psychology of Different Groups in Economics from A Religious Perspective”, Tevilat, vol. 4, no. 1, pp. 45–76, June 2023, doi: 10.53352/tevilat.1267316.
ISNAD
Efe, Ahmet. “Importance of Psychology of Different Groups in Economics from A Religious Perspective”. Tevilat 4/1 (June 1, 2023): 45-76. https://doi.org/10.53352/tevilat.1267316.
JAMA
1.Efe A. Importance of Psychology of Different Groups in Economics from A Religious Perspective. Tevilat. 2023;4:45–76.
MLA
Efe, Ahmet. “Importance of Psychology of Different Groups in Economics from A Religious Perspective”. Tevilat, vol. 4, no. 1, June 2023, pp. 45-76, doi:10.53352/tevilat.1267316.
Vancouver
1.Ahmet Efe. Importance of Psychology of Different Groups in Economics from A Religious Perspective. Tevilat. 2023 Jun. 1;4(1):45-76. doi:10.53352/tevilat.1267316