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Analytical tools of Islamic economics: choice and the equi-marginal principle

In: Handbook on Islam and Economic Life

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Abstract

Handbook on Islam and Economic Life is a unique study, one of the first of its kind to consider Islam within a broader economic sphere. Covering a wide breadth of topics and research, it explores how Islam impinges upon and seeks to shape major aspects of economic life including economic organisation, business and management, finance and investment, charity, mutuality and self-help, and government. It concludes by analysing the link between religion and development, the present economic situation in Arab countries and the causes of underdevelopment in Muslim countries.

Suggested Citation

  • Habib Ahmed, 2014. "Analytical tools of Islamic economics: choice and the equi-marginal principle," Chapters, in: M. Kabir Hassan & Mervyn K. Lewis (ed.), Handbook on Islam and Economic Life, chapter 5, pages iii-iii, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:16009_5
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    References listed on IDEAS

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    1. Blaug,Mark, 1997. "Economic Theory in Retrospect," Cambridge Books, Cambridge University Press, number 9780521577014.
    2. Munawar Iqbal, 2014. "Development of theory of Islamic economics: problems and proposals," International Journal of Behavioural Accounting and Finance, Inderscience Enterprises Ltd, vol. 4(3), pages 259-280.
    3. Mehmet Asutay, 2007. "Conceptualisation Of The Second Best Solution In Overcoming The Social Failure Of Islamic Banking And Finance: Examining The Overpowering Of Homoislamicus By Homoeconomicus," IIUM Journal of Economics and Management, IIUM Journal of Economis and Management, vol. 15(2), pages 167-176, December.
    4. Bernheim, B Douglas & Stark, Oded, 1988. "Altruism within the Family Reconsidered: Do Nice Guys Finish Last?," American Economic Review, American Economic Association, vol. 78(5), pages 1034-1045, December.
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    Asian Studies; Economics and Finance;

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