Abstract
I would like at the outset to emphasize my own position and background. I come to this topic not as an Islamic scholar, and I know that many of you are much more qualified to talk about Islam and Islamic ideas than I am. Rather my training is in economics, essentially Western economics, and the approach I must take when examining Islamic economic ideas and their implications is basically from a Western perspective. At its core there are several assumptions in all Western neo-classical economics which are certainly applicable in Western societies, but the extent to which they have universal applicability must be debatable. I would like to focus on just three of them. I will then go on to illustrate their relevance or irrelevance in an Islamic context.
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