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Islam Versus Economics

Author

Listed:
  • Asad Zaman

    (Pakistan Institute of Development Economics, Islamabad)

Abstract

The paper shows that fundamental Islamic principles regarding organisation of economic affairs are directly and strongly in conflict with teachings of conventional economic theories.

Suggested Citation

  • Asad Zaman, 2014. "Islam Versus Economics," PIDE-Working Papers 2014:113, Pakistan Institute of Development Economics.
  • Handle: RePEc:pid:wpaper:2014:113
    as

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    File URL: http://www.pide.org.pk/pdf/Working%20Paper/WorkingPaper-113.pdf
    File Function: First Version, 2014
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    References listed on IDEAS

    as
    1. Kirchgassner, Gebhard, 2005. "(Why) are economists different?," European Journal of Political Economy, Elsevier, vol. 21(3), pages 543-562, September.
    2. Paul Krugman, 2000. "Currency Crises," NBER Books, National Bureau of Economic Research, Inc, number krug00-1, June.
      • Paul R. Krugman & Kenneth S. Rogoff & Stanley Fischer & William J. McDonough, 1999. "Currency Crises," NBER Chapters,in: International Capital Flows, pages 421-466 National Bureau of Economic Research, Inc.
    3. Zafar Iqbal & Mervyn K. Lewis, 2009. "An Islamic Perspective on Governance," Books, Edward Elgar Publishing, number 12659.
    4. Gavin Kennedy, 2009. "A Reply to Daniel Klein on Adam Smith and the Invisible Hand," Econ Journal Watch, Econ Journal Watch, vol. 6(3), pages 374-388, September.
    5. Paul R. Krugman, 2000. "Introduction to "Currency Crises"," NBER Chapters,in: Currency Crises, pages 1-6 National Bureau of Economic Research, Inc.
    6. Zaman, Asad, 2010. "Normative foundations of scarcity," MPRA Paper 21817, University Library of Munich, Germany.
    7. Stigler, George J & Becker, Gary S, 1977. "De Gustibus Non Est Disputandum," American Economic Review, American Economic Association, vol. 67(2), pages 76-90, March.
    8. Zaman, Asad, 2008. "Islamic Economics: A Survey of the Literature," MPRA Paper 11024, University Library of Munich, Germany.
    9. Gavin Kennedy, 2009. "Adam Smith and the Invisible Hand: From Metaphor to Myth," Econ Journal Watch, Econ Journal Watch, vol. 6(2), pages 239-263, May.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Asad Zaman & Arif Naveed & Atiq-ur-Rehman, 2014. "Wealth as an Indicator of Socio-Economic Welfare: Islamic Views," PIDE-Working Papers 2014:112, Pakistan Institute of Development Economics.
    2. Noha Farrag & Hebatallah Ghoneim, 2016. "Challenges to the Development of an Islamic Economic System," Working Papers 42, The German University in Cairo, Faculty of Management Technology.
    3. Asad Zaman, 2014. "Building Genuine Islamic Financial Institutions," PIDE-Working Papers 2014:111, Pakistan Institute of Development Economics.
    4. Asad Zaman, 2016. "Markets and Society," PIDE-Working Papers 2016:136, Pakistan Institute of Development Economics.

    More about this item

    Keywords

    Islam and Economics; Economics and Religion;

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • Z12 - Other Special Topics - - Cultural Economics - - - Religion

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