This is a critique of an article of M. Fahim Khan pulished in an earlier issue of the same journal It argues that in other economic systems including capitalism too play an important role to mitigate the hardships of the poor but unlike the Islamic system they do not show their impact on income...

This paper adopts a relative approach to the fulfillment of basic needs. It constructs a basic needs gap index (BNGI)to measure the performance of selected Muslim countries at three points of time 1987, 1991, and 1994

This paper examines the nature and role of maximization postulates concerning profit and utility in the mainstream price theory formation from a methodological perspective. Mainstream economics retains these postulates, despite much criticism, mainly for two reasons. Firstly, they help establish...

This paper attempts a broad appraisal of the literature on macro consumption function in Islamic economics. It starts with a brief look at the microelements of the concept and clears several cobwebs concerning wants and needs, scarcity of resources, the basket of goods, and the efficacy of...