Distinguished Scholar & Founder
Professor Dr. Abul Hasan M. Sadeq
Founder & Founder Vice Chancellor
Asian University of Bangladesh (AUB)
Founder & Founder Vice Chancellor
Asian University of Bangladesh (AUB)
Journal Publication
Journal: Thought on Economics
Publisher: Islamic Economics Research Bureau, Dhaka
Date: Summer 1985 (pp. 1-7)
Publisher: Islamic Economics Research Bureau, Dhaka
Date: Summer 1985 (pp. 1-7)
Psychological Drivers of Development
In this innovative study published in 1985, Professor Dr. Abul Hasan M. Sadeq explores the intersection of behavioral psychology and Islamic economics. He examines how the Islamic worldview fosters a specific type of "Achievement Motivation" that serves as a catalyst for entrepreneurial growth and macro-level economic development.
Key Analytical Pillars:
Key Analytical Pillars:
- Redefining Success: Comparing McClelland’s "need for achievement" (n-Ach) with the Islamic concept of Falah (success in this world and the hereafter). Professor Sadeq argues that the dual-world success motive is a more powerful and sustainable driver for ethical entrepreneurship.
- Entrepreneurship as Ibadah: Analyzing how viewing economic activity as a religious obligation (Fard Kifayah) incentivizes risk-taking and innovation for the betterment of society.
- Economic Resilience: Exploring how Islamic values like Sabr (perseverance) and Tawakkul (trust in God) mitigate the fear of failure, thereby increasing the supply of high-quality entrepreneurs in the economy.
- Developmental Impact: Identifying a direct correlation between the moral upliftment of individuals and the acceleration of national economic indices, positing that character building is a prerequisite for structural growth.
Core Concepts: Achievement Motivation, Entrepreneurial Psychology, Falah, Behavioral Economics, Thought on Economics, AUB.