Role of the State in the Economy AN ISLAMIC PERSPECTIVE

Set against a background of collapsing state-managed economies, Muhammad Nejatullah Siddiqi argues against an exclusive reliance on the market and for Islam's moderate alternative. Islam orients economic agents toward ethical conduct and socially responsible behavior. Within a framework of esse...

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Bibliographic Details
Main Author: Siddiqi, Muhammad Nejatullah 1931- (Author)
Format: Book
Language:English
Published: Leicester Islamic Foundation ©1996
Series:Islamic economics series 20
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Summary:Set against a background of collapsing state-managed economies, Muhammad Nejatullah Siddiqi argues against an exclusive reliance on the market and for Islam's moderate alternative. Islam orients economic agents toward ethical conduct and socially responsible behavior. Within a framework of essential freedoms, the potential of state intervention to ameliorate moral and market failure is explored. The internalization of moral values and social concern, however, minimizes the need for state intervention, which retains a place within the Islamic system.
Physical Description:vii, 168 pages 22 cm
Bibliography:Includes bibliographical references (p. 155-163) and index
ISBN:0860372510
0860372529