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A Critical Assessment of Islamic Economics

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dc.creator Shams, Rasul
dc.date 2004
dc.date.accessioned 2013-10-16T07:03:55Z
dc.date.available 2013-10-16T07:03:55Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19253
dc.identifier ppn:391290630
dc.identifier RePEc:zbw:hwwadp:26295
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19253
dc.description This paper presents a critical assessment of the widely discussed concept of Islamic Economics. The two different interpretations of Islamic economics as the study of the functioning of an interest-free economy and the validity of moral values in the economy are discussed. It is shown that none of these interpretations can help to create an acceptable foundation for an Islamic economics. Far away from laying the foundation for such an economics the question is raised how an Islamic economy would function, based on the Islamic principle of controlling the Nafs. Microeconomics and macroeconomics of such an economy are analysed and its special features are compared to an economy functioning on the basis of laws devised by the conventional economic analysis.
dc.language eng
dc.publisher
dc.relation HWWA Discussion Paper 281
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject P50
dc.subject E24
dc.subject D10
dc.subject ddc:330
dc.subject household behaviour
dc.subject unemployment
dc.subject moral values
dc.subject Islamic economy
dc.subject Islam
dc.subject Wirtschaftswissenschaft
dc.subject Kritik
dc.subject Theorie
dc.subject Nafs
dc.title A Critical Assessment of Islamic Economics
dc.type doc-type:workingPaper


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