Purpose: Macro models are being developed in Islamic economics literature. These models, in general, follow the program of Islamization of knowledge and combine the genuine characteristics of Islamic economics with the tools of mainstream economics. The founding leader of Millî Görüs...

In this paper, the relationships between individual income and ethics formation are studied. Our theoretical model explains what happens to individual incomes when a culture encourages people to devote life-time efforts to establish a virtuous character. Two propositions emerged from the present...

This paper examines the cointegration and causality among exchange rate, export, and import for Turkey during the period of 1998-2006. The econometrics results show that there is a cointegration between exports and import, but direction of causality is bi-directional between these two variables....

In this paper, we examine the level of altruistic motive of entrepreneurs who live in three cities of Western Black Sea Region of Turkey, Zonguldak, Bartın and Karabuk. Members of Chambers of Commerce and Industry in these cities were randomly selected and surveyed about four aspects of...

In this article, the concept of Kantian Altruism in the writings of Ibn Khaldun is examined. Government efficiency improves when Kantian Altruism becomes the characteristic of public decision makers. It is also argued that Kantian Altruism coincides with the altruism in the writings of Ibn Khaldun.

Most studies show that nations which have fewer restrictions on private agents and transactions tend to have higher levels of economic growth. However, it is less clear which of the disaggregated categories of economic freedom determine growth and whether or not growth granger causes economic...