The Place of Necmettin Erbakan’s Spiritual Development in Islamic Economy and its Relation with Social Capital and Asymmetric Information

Abstract

<p>Education is very important issue in İslam to develop a Muslim individual who should well learn the İslam for living his life according to İslamic rules. This order is also important in the economic life. A Muslim individual should concern <em>halal and haram </em>and avoid<em> </em>derivation an improper personal benefit. Erbakan mentions this subject with the ethical economic development. According to Erbakan, the ethical economic development is that a Muslim indivudial should act according economic laws of İslam. Erbakan also states that the material development cannot actualise without the ethical economic development for which the number of quran courses, İslamic institutes and imam hatip school should increase to educate Muslims İslamically. Thus, an economic system could constuct through which Muslims can acquire İslamic mind, avoid harams and derivation an improper personal benefit, give infaq and sadaqah. The terms of the ethical economic development of Erbakan is just opposite of the homo economicus. Some İslamic scholars mention the ethical economic development of Erbakan as homo İslamicus. There is a close relationship between the ethical economic development and the homo İslamicus. This relationship is analyzed in the study in terms of social capital and asymmetric information.</p