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HISBAH DAN MEKANISME PASAR: Studi Moralitas Pelaku Pasar Perspektif Ekonomi Islam
[HISBAH AND MARKET MECHANISM: The Morality Study of Market Participants in Islamic Economic Perspective]

Author

Listed:
  • Jaelani, Aan

Abstract

Market mechanisms in the era of globalization associated with the paradigm of the market economy along with the development of socialist economy, capitalist, or mixed. The market mechanism is a problem when the inefficient allocation of resources, market imperfections, and the cause of economic backwardness. With the approach of Islamic history of economic thought in reading the "text" and analyze the "context" could find that the institution has historically experienced hisba institutional transformation as a market watchdog agencies and religious institutions that represent the social and economic role in anticipating market problems. This hisba institution or whatever his name to the current context is very significant in creating the equity market.

Suggested Citation

  • Jaelani, Aan, 2011. "HISBAH DAN MEKANISME PASAR: Studi Moralitas Pelaku Pasar Perspektif Ekonomi Islam [HISBAH AND MARKET MECHANISM: The Morality Study of Market Participants in Islamic Economic Perspective]," MPRA Paper 69526, University Library of Munich, Germany, revised 01 Dec 2015.
    • Handle: RePEc:pra:mprapa:69526
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    hisbah; market mechanism; globalization of economic; business ethic;
    All these keywords.

    JEL classification:

    • B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
    • B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • D4 - Microeconomics - - Market Structure, Pricing, and Design
    • D6 - Microeconomics - - Welfare Economics
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • N2 - Economic History - - Financial Markets and Institutions
    • N25 - Economic History - - Financial Markets and Institutions - - - Asia including Middle East

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