A Sharia-Based Economic and Financial Model
An Islamic Approach to Efficient Government, Macroeconomic Stability, and Full-Employment
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Beschreibung
This book scrutinizes the efficiency of the statist model of “Big Government”. The authors develop policy prescriptions based on Sharia rules of laissez-faire economics and perfect competition within labour and capital markets. Chapters argue that economic conditions have become increasingly unmanageable in both advanced and developing countries where “Big Government” has become a stumbling block to private enterprise. The discussion explores the idea that the elimination of interest-based debt could result in fully balanced budgets, steady external trade, risk-sharing banking, stable capital markets, and deflation. The authors propose Sharia-based policy regimes for discussion and adoption, and suggest that reforms to government size, together with the liberalisation of labour and capital markets, may present a successful and sustainable alternative mode of government.
This book scrutinizes the efficiency of the statist model of “Big Government”. The authors develop policy prescriptions based on Sharia rules of laissez-faire economics and perfect competition within labour and capital markets. Chapters argue that economic conditions have become increasingly unmanageable in both advanced and developing countries where “Big Government” has become a stumbling block to private enterprise. The discussion explores the idea that the elimination of interest-based debt could result in fully balanced budgets, steady external trade, risk-sharing banking, stable capital markets, and deflation. The authors propose Sharia-based policy regimes for discussion and adoption, and suggest that reforms to government size, together with the liberalisation of labour and capital markets, may present a successful and sustainable alternative mode of government.
Postulates that Sharia-based government may provide a positive alternative to statist government
Considers both public and private sector scenarios that a Sharia-based government might influence
Engages thoroughly with historic economic and economic theory to evaluate the benefits of a Sharia-based government
Explores the ways in which Sharia-government might be a more efficient and equitable model
Autor*in
Raja Almarzoqi
Themen in »A Sharia-Based Economic and Financial Model«
Arab Spring Countries Economic Life Economic Thought Fiscal Policy Interest Islam Labour Markets Policy Resource Allocation Statism Unemployment Wage Mechanism Zakat