When welfare is discussed in microeconomics textbooks, it is only in the domain of economic exchange in markets. The discussion in such places sets total welfare maximization as the virtuous end or criterion. In first-degree price discrimination adopted by a monopolist, there is no welfare loss. However, there is no consumer surplus either despite having optimal efficiency. Economics is neutral between desirable or undesirable equilibrium from the point of view of equity.

Religion concerns primarily with the moral sphere of life. It concerns with the moral conscience and strengthening it to elicit positive actions and behaviour. The developments in technology through modern science are in no way a replacement of moral values. Just like we can survive without sun neither in ancient times nor to this date, the same way religion is also a fundamental part of human society by giving it values and meaningfulness.

Islamic worldview says that humans are one of the creatures of Allah along with other living and non-living things created by Allah. As creatures, not as fittest survivors, we owe thankfulness to Allah for our existence, which is made possible through all suitable life- supporting systems on this earth. This worldview engenders a spirit of compassion, humility, kindness, care, sacrifice and humbleness.

The question of ‘why we exist’ is the focus of religion. The question of ‘what exists and how’ is the focus of science. The drive for mutual help, engendering compassion, respecting biodiversity, intergenerational resource equity and sustainability requires upholding values which are strengthened by religion.

The medical cure for Corona Virus can be sought keeping in view the viral behaviour in bio-chemistry. But, the cure for purifying human soul lies in looking beyond viral, bacterial, cellular and animal behaviour and paying attention to goodness in behaviour urged by the conscience in human soul.

Using free will, we can use the moral screening provided by conscience to act in good ways. But, if I believe that this life is the only life, then why shall I use my limited time, income and abilities to help others? How can absolute justice be provided in the crime of genocide? Even in other crimes, with perfect monitoring, prosecution and law enforcement, the suffering caused is irreversible.

Our outlook on the universe will be different based on the meaning we attach to our relationship with the universe. From Physics perspective, extinction is merely a rearrangement of atoms, even if it happens to millions of humans via nuclear weapons.