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Fairness and Ethics in Spending

Author

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  • Ghassan, Hassan Belkacem

Abstract

Islamic faith and the ethical dimensions of the individual and the community have a significant role in guiding economic behavior by connecting the worldly life to the hereafter. In the Islamic economics paradigm, we exhibit the good (bad) attributes of ethical (unethical) behavior by relating ethics to the economic behavior of spending. In this paper, we contribute to developing a measure of the overspending and underspending that allows testing the presence of wastefulness and niggardliness. The article is published on https://pms.lifescienceglobal.com/index.php/jrge/article/view/4060

Suggested Citation

  • Ghassan, Hassan Belkacem, 2015. "Fairness and Ethics in Spending," MPRA Paper 122977, University Library of Munich, Germany, revised 15 Jan 2016.
    • Handle: RePEc:pra:mprapa:122977
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    More about this item

    Keywords

    Consumer behavior; Spending; Ethical utility; Earning layer; Belief holding; Threshold spending; Islamic economics.;
    All these keywords.

    JEL classification:

    • D1 - Microeconomics - - Household Behavior
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty

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