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Negara, ekonomi dan pasar: Analisis institusi hisbah dan kontribusinya dalam perspektif al-Mawardi
[Countries, economy and markets: Analysis of hisbah institution and its contribution to Al-Mawardi perspective]

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  • Nashihah, Faidah

Abstract

The capitalist and socialist economy throughout the history of economic thought can not factually bring about market justice and even tends to be distorted due to the weakening of economic ethics and the absence of the institutions that oversee the market. This article uses the method of content analysis and critical historical method in revealing the history of Islamic economic thought about the issue. The conclusion of this paper asserts that the state, economy, and market are inseparable in creating economic justice, one of which is al-Mawardi's idea of the institution of hisbah which plays a role in controlling and overseeing economic activity.

Suggested Citation

  • Nashihah, Faidah, 2018. "Negara, ekonomi dan pasar: Analisis institusi hisbah dan kontribusinya dalam perspektif al-Mawardi [Countries, economy and markets: Analysis of hisbah institution and its contribution to Al-Mawardi," MPRA Paper 87412, University Library of Munich, Germany, revised 03 Apr 2018.
    • Handle: RePEc:pra:mprapa:87412
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    File URL: https://mpra.ub.uni-muenchen.de/87412/1/MPRA_paper_87412.pdf
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    References listed on IDEAS

    as
    1. Screpanti, Ernesto & Zamagni, Stefano, 2005. "An Outline of the History of Economic Thought," OUP Catalogue, Oxford University Press, edition 2, number 9780199279142, Decembrie.
    2. Bernard Salanié, 2000. "Microeconomics of Market Failures," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262194430, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    country; market; economy; hisbah; Islamic economy;
    All these keywords.

    JEL classification:

    • B0 - Schools of Economic Thought and Methodology - - General
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • P0 - Political Economy and Comparative Economic Systems - - General

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