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individualistic societies. The paper first outlines the welfare axioms of Islamic economics compared to those of capitalism. Second …. Finally, it demonstrates optimum income transfer for social welfare maximization. Findings – The paper shows that Islamic … economics relying on certain welfare axioms aim for an altruistic society. It then theoretically proves that social well …
Persistent link: https://www.econbiz.de/10011145159
individualistic societies. The paper first outlines the welfare axioms of Islamic economics compared to those of capitalism. Second …. Finally, it demonstrates optimum income transfer for social welfare maximization. Findings – The paper shows that Islamic … economics relying on certain welfare axioms aim for an altruistic society. It then theoretically proves that social well …
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