Skip to main content
Fachgebiete
Automobil + Motoren Bauwesen + Immobilien Business IT + Informatik Elektrotechnik + Elektronik Energie + Nachhaltigkeit Finance + Banking Management + Führung Marketing + Vertrieb Maschinenbau + Werkstoffe Versicherung + Risiko
DE
EN
Bücher
Zeitschriften
Themenseiten
Organisationspsychologie Projektmanagement Marketing Smart Manufacturing
Weitere Formate
Podcasts Webinare Technik Webinare Wirtschaft Kongresse Veranstaltungskalender Awards
Jetzt Einzelzugang starten
Zugang für Unternehmen
Referenzkunden
SLX-Digitalkonferenz: Zukunftswerkstatt 2024

Mehr Umsatz mit Top-Kontakten

Am 7. Mai erfahren Sie, wie Vertriebsteams Leadgenerierung, Leadnurturing und Leadstrategien effizient steuern können.
Erweiterte Suche
Anmelden
nach oben

1992 | Buch

Introduction Kapitel lesen Erstes Kapitel lesen

The Principles of Islamic Political Economy

A Methodological Enquiry

verfasst von: Masudul Alam Choudhury

Verlag: Palgrave Macmillan UK

Enthalten in: Professional Book Archive

Einloggen, um Zugang zu erhalten
insite
SUCHEN

Über dieses Buch

This book examines the methodological development of the principles of Islamic political economy in its theoretical and applied aspects. This is carried out in a general equilibrium framework using the theory of social choice. Thus a comparative study is also undertaken here in these areas while developing the theory of Islamic political economy. In these respects this book appears to be the first one of its kind.

Inhaltsverzeichnis

Frontmatter

Introduction

Introduction
Abstract
The Quranic principle of social change is based on the continuing struggle of right against wrong, on the establishing of the righteous path in all functions of life, and on the promise of a victory for truth over error. The Quran thus invokes mankind to enjoin what is right and forbid what is wrong. The standard of right and wrong is taken by the Quran from the scale of Universal Godly Laws that it claims have been passed down by the great prophets of antiquity to all humankind. These laws have set unique standards of truth, justice and fair dealing for all nations of the world over time. These laws are developed in detail to apply to all functions of life and, in the Islamic context, they are further extended by authoritative Islamic research (ijtehad) and ratified by consensus (ijma). The medium for ijtehad and ijma is the Islamic consultative body, known as the shura.
Masudul Alam Choudhury

The Theoretical Foundations

Frontmatter
1. Islamic Economic Thought in Comparative Perspectives: Towards an Islamic Theory of Value
Abstract
It is our purpose in this chapter to formulate the theoretical foundations of Islamic economic theory in the following areas in comparative perspective: (a) the theory of value and price; (b) social policy development endemic to the formation of value and price; and (c) internal consistency between the principles/assumptions and the theoretical system explaining value and price formation. The comparative economic paradigms that we will consider here are classical and neoclassical thought, Marxist doctrine, the Keynesian school and the post-Keynesian schools. Several other contemporary developments in these areas will also be comparatively discussed. The emphasis of this chapter will be on the theoretical foundations of the subject matter, with a view to bringing out the methodological problems of the three areas mentioned above.
Masudul Alam Choudhury
2. The Ethico-Economic Social Welfare Function of the Islamic Economy
Abstract
The general theory of social choice and social welfare function in ethico-economics will be particularised for the case of Islamic economics. The starting point is to define the set of state and policy variables and construct the social welfare index on the basis of this.
Masudul Alam Choudhury
3. A Theory of Cost-Benefit Analysis in Islamic Economics
Abstract
The methodology of social welfare function and its extension to cost-benefit analysis will now be adapted to the case of Islamic economics. Some of the critical points will be pointed out first.
Masudul Alam Choudhury
4. A Theory of Mudarabah, the Islamic Profit-Sharing System of Economic Cooperation
Abstract
Profit-sharing systems under economic cooperation have been common to many cultures, both historically and in recent times. For example, Christian economists have been arguing for some time in favour of this form of economic arrangement, and against the capitalistic form of corporate management. The labour movement has been identified in this regard on the basis of the social gospel preaching worker solidarity and demand for equitable distribution and management of enterprises, principally of large corporations.1
Masudul Alam Choudhury
5. Resolution of the Great Economic Problems in Contemporary Times in Islamic Economic Perspectives
Abstract
The principle of ethical endogeneity underlying humanistic institutional economics is central to the economic principles of Islam. Through this approach to major economic problems in contemporary times, Islamic economics presents an alternative that is institutional in nature and at the same time different from all received economic doctrines. Only under restrictive conditions of consumption, production and distribution can the results of resource allocation in Islamic economics be made to approximate to the other paradigms. Islamic economics can thus be considered a direct derivative of the general theory of humanistic institutional economics with assumptive extensions to other areas of economics with humanistic elements in them. Our focus in this chapter is on the Islamic economic resolution of the great economic problems of contemporary times in an integrated fashion and under the ethical endogeneity principle of humanistic institutional economics.
Masudul Alam Choudhury

The Applied Perspective

Frontmatter
6. The Analytics of the Islamic Macroeconomic System
Abstract
The purpose of this chapter is to set up the theoretical foundations of the Islamic macroeconomic system. From the formalisation of the macroeconomic order we will evolve the study of the expenditure and monetary sectors as part of our goal of studying the Islamic financial sector.
Masudul Alam Choudhury
7. Macroeconomic Relations in the Islamic Economy: Experimental Case Study of Malaysia, 1970–85
Abstract
In Chapter 6, the system of equations (6.18)–(6.25) and (6.26)–(6.28) showed the general forms of relations among critical macroeconomic variables in the Islamic economy. These forms were then shown to result in the expenditure sector equation and the monetary sector equation. It was indicated also that these general forms of equations could be modified by adding or dropping some variables, and by building in different time-lag structures to the variables. The equations could be expressed in alternative linear forms, such as the log-linear form. The expected signs of the regression coefficients were indicated. These signs are important in showing the direction of change between selected variables. In all these, the central objective was to note the influence that the rate of profit (replacing the rate of interest) and zakah expenditure, as macroeconomic variables, would have on the other variables of the model system. We now turn to an empirical examination of these relationships.
Masudul Alam Choudhury
8. Islamic Policy Conclusions on the Malaysian Macroeconomy
Abstract
In this Chapter we will relate the principal results of our theoretical and empirical study on Islamicising the Malaysian macroeconomy to the problems and prospects viewed under the Malaysian Fifth Development Plan. On the basis of this investigation we will develop the relevant policy perspectives for the Malaysian macroeconomy to the year 1990.
Masudul Alam Choudhury
Backmatter
Metadaten
Titel
The Principles of Islamic Political Economy
verfasst von
Masudul Alam Choudhury
Copyright-Jahr
1992
Verlag
Palgrave Macmillan UK
Electronic ISBN
978-1-349-22439-5
Print ISBN
978-1-349-22441-8
DOI
https://doi.org/10.1007/978-1-349-22439-5