Markets and the role of government in an economy from Islamic perspective
AbstractThis 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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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 12233.
Date of creation: 15 Dec 2008
Date of revision:
Market; Invisible hand; Market failures; Islam norms; Trade; Role of state; CSR;
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
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-01-03 (All new papers)
- NEP-ARA-2009-01-03 (MENA - Middle East & North Africa)
- NEP-CWA-2009-01-03 (Central & Western Asia)
- NEP-MAC-2009-01-03 (Macroeconomics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Islahi, Abdul Azim, 1983. "Ibn Taimiyah's concept of market mechanism," MPRA Paper 18466, University Library of Munich, Germany, revised 13 Mar 1984.
- Hasan, Zubair, 2006. "Sustainable development from an Islamic Perspective: meaning implications and policy concerns," MPRA Paper 2784, University Library of Munich, Germany.
- Hasan, Zubair, 2005. "Islamic banking at the crossroads: theory versus practice," MPRA Paper 2821, University Library of Munich, Germany.
- Hasan, Zubair, 1992. "Profit Maximisation: Secular Versus Islamic," MPRA Paper 2820, University Library of Munich, Germany.
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