THE ROLE OF GOVERNMENT IN AN ISLAMIC ECONOMY
Islam recognises the limited but important role of Government in an Economy. An Islamic government steps into an economy only when the market fails to operate on its own. There is no role for government under capitalism per se, as the invisible hand takes over the market. On the contrary, the govern...
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Kuala Lumpur
A.S. Noordeen
1991
|
| Subjects: | |
| Online Access: | Click Here to View Status and Holdings. |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
Add Tag | Summary: | Islam recognises the limited but important role of Government in an Economy. An Islamic government steps into an economy only when the market fails to operate on its own. There is no role for government under capitalism per se, as the invisible hand takes over the market. On the contrary, the government steers the entire economy with a perfectly visible hand and owns all means of production in a socialist framework. This book highlights the role of government in an Islamic Economy. In particular, it focuses on the economic rationale of government participation, the government approach to economic management, the economic functions of the government, government policies and its expenditure functions, wage-price regulations, and the institution of Hisbah to supervise a modern-day Islamic economy |
|---|---|
| Physical Description: | xvi., 230 pages 21 cm |
| Bibliography: | Includes biblioraphical references and index |
| ISBN: | 9679963594 (paperback) |
ISLAMIC ECONOMICS Theory and Practice 
Islam and Mammon the economic predicaments of islamism