Benefit

In this book, which is the eighth book in the Pocket Books series, which covers the basic institutions and issues of Islamic economics, the subject of utility is tried to be explained in a content that can be easily understood by people of all levels, rather than a theoretical depth. The book examines the meaning, role and importance of the concept of utility in modern economics and Islamic economic theory, taking into account the evolution of the concept over time. Accordingly, the book is organized into four parts. In the first part; The approach in which utility is defined as the ability of goods to meet human needs is discussed. In the second part; The approach in which benefit is defined as the satisfaction, pleasure and happiness obtained from the consumption of goods and services, that is, the "cardinal approach to benefit" has been examined. In the third part; The modern approach to the concept of utility, the "ordinate to utility" approach, in which utility is included in the analysis as a way to rank consumer preferences, is explained. In the fourth chapter, the framework of the concept of utility in Islamic economics is drawn and its differences from mainstream economics are explained.