Оглавление
Mirakhor Abbas. Introduction to Islamic Economics
Dedication
Acknowledgments
About the Authors
Chapter 1. Economic Systems
What Is an Economic System?
Current State of the Global Economic System
Islamic Economics Paradigm
Short History of Economic Thought in Islam
Summary
Key Terms
Questions
Chapter 2. Foundation of the Islamic Economic Paradigm
Meta-Framework and Archetype of Economic Rules
Implications of the Agent-Trustee Relationship
Significance of Rule Compliance
Impact of Scarcity
Rationality and Freedom of Choice
Individual Obligations, Rights, and Self-Interest
Central Notion of Justice
Shariah: The Law
Summary
Key Terms
Questions
Chapter 3. Institutional Framework and Key Institutions
Key Institutions
Summary
Key Terms
Questions
Chapter 4. The Islamic Economic System
Social and Economic Justice
Prohibition of Interest (Al-Riba)
Risk-Sharing Economic System
Role of the State
Summary
Key Terms
Questions
Chapter 5. Key Microeconomic Concepts
Defining Microeconomics
Issue of Needs Versus Wants
Consumer Behavior
Theory of the Firm
Dynamics of Demand and Supply
Efficiency Versus Equity
Market Models
Role of the State
Summary
Key Terms
Questions
Chapter 6. Key Macroeconomics Concepts
Principal Economic Agents
National Income
Consumption, Savings, Investment, and National Income Determination
National Income and Output Determination
Inflation
Unemployment
Open Economy: Trade in Goods and Services with Other Countries
Why International Trade is so Central to Islam
Summary
Key Terms
Questions
Chapter 7. Macroeconomic Equilibrium: Characteristics of an Islamic Economy125
Models of An Interest-Free Economy
Summary
Key Terms
Questions
Chapter 8. The Financial System
Notion of Risk Sharing
Building Blocks of the Islamic Financial System
Takaful (Islamic Insurance)
Summary
Key Terms
Questions
Chapter 9. Role of the State and Public Policy
Basic Roles of the State in All Economic Systems
Role of the State in the Islamic Economic System
Policy Instruments of the State in Islam
Economic Justice and Public Policy
Role of Public Policy
Summary
Key Terms
Questions
Chapter 10. Fiscal Policy
Role of Fiscal Policy
Fiscal Policy in an Islamic Economy
Public Finance
Summary
Key Terms
Questions
Chapter 11. Monetary Policy
Role of Monetary Policy
Monetary Policy in an Islamic Economy
Summary
Key Terms
Questions
Chapter 12. Economic Development and Growth
Evolution of Western Economic Thought: From Smith to North and Sen187
Foundation and Framework of Development and Growth in Islam
Islamic Perspective on Financial Inclusion
Summary
Key Terms
Questions
Chapter 13. Economic and Social Welfare
Social Safety Net Provisions
Concept of Safety Net and Welfare
Empirical Evidence on Social Welfare from Select Muslim Countries
Summary
Key Terms
Questions
Chapter 14. Economic State of Affairs in OIC Countries
Public Policy in the Islamic Economic System
Dimensions of Economic and Social Achievements in Muslim Countries
Summary
Key Terms
Questions
Glossary of Arabic Terms
Bibliography
