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Markets and the role of government in an economy from Islamic perspective

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Author Info
Hasan, Zubair

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Abstract

This paper explains the notion of market in historical perspective and the role markets play in free enterprise economies. It lists the major market failures and the role governments are expected to play in regulating and supplementing markets including the promotion of CSR from Islamic perspective. The discussion is limited to product and factor markets.

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File URL: http://mpra.ub.uni-muenchen.de/12233/
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 12233.

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Date of creation: 15 Dec 2008
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Handle: RePEc:pra:mprapa:12233

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Related research
Keywords: Market; Invisible hand; Market failures; Islam norms; Trade; Role of state; CSR;

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Find related papers by JEL classification:
F10 - International Economics - - Trade - - - General
D41 - Microeconomics - - Market Structure and Pricing - - - Perfect Competition
E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination

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References listed on IDEAS
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  1. Hasan, Zubair, 2005. "Islamic banking at the crossroads: theory versus practice," MPRA Paper 2821, University Library of Munich, Germany. [Downloadable!]
  2. Hasan, Zubair, 2006. "Sustainable development from an Islamic Perspective: meaning implications and policy concerns," MPRA Paper 2784, University Library of Munich, Germany. [Downloadable!]
  3. Hasan, Zubair, 1992. "Profit Maximisation: Secular Versus Islamic," MPRA Paper 2820, University Library of Munich, Germany. [Downloadable!]
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This page was last updated on 2009-12-18.

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