This paper seeks to report and analyse the economic thought of Ibn al-Qayyim, a great thinker of Islam. He discussed mainly the problems of price control, market mechanism, supervision of economic activities (al-hisbah), riches and poverty, interest and zakah, at different places in his numerous...

Al-Ghazali′s economics is anchored on five necessary Shari‘ah -mandated foundations of individual and social life: religion, life, family, property, and intellect. He focuses on the economic aspects of maslahah (social utility), distinguishing between necessities, comforts and luxuries....

This article consists of three parts. The first response to the idea of ​​keeping TOCQUEVILLE own arguments in Old Regime and the Revolution, without reproducing copiously text line by line. This component is the main concerns and conflicting judgments about the revolution, the decisive role...

In an attempt to investigate Muslim economic thinking in the 12th century Hijrah, corresponding 18th century C E, the present paper explores economic ideas of one of the greatest Muslim personalities of the period, Shehu Uthman Dan Fodio (1167-1233/1754-1817), who is commonly known as revivalist...

The rational pursuit of happiness requires knowledge of happiness and in particular answers to the following four questions: 1: Is greater happiness realistically possible? 2: If so, to what extent is that in our own hands? 3: How can we get happier? What things should be considered in the...

This paper examines the contribution of The Theory of Moral Sentiments to the study of how we acquire moral knowledge. In Smith, this is associated with the moral judgment of an impartial spectator, a hypothetical ideal conjured in the imagination of an agent. This imagined spectator has the...

Is it better to apply effort to increase personal consumption, or control what one wants? The model presented here provides a characterization of demand for self control, namely, its responsiveness to price and risk. Unlike most other models of self control, the model does not identify self...

The utility function with traditional exponential discount cannot explain individuals´ problems of inter-temporal inconsistence and self-control. Several economists have explained these problems with what is known as “present-bias”. The present-bias means that a good becomes more tempting...

For almost a century, the famous C-K paradigm (formally known as Classics – Keynesian Paradigm) has been the apex of economic debate and research. The paradigm represents two schools of thoughts which, somehow, have prevailed till now. Economists who believe in either of the two schools have...

The context of this discussion is Mandaville’s paper with the caption “Usurious Piety: The Cash Waqf Controversy in the Ottoman Empire” published in International Journal of Middle East Studies, August 1979, No. 10, pp. 289-308.). It gave an impression that the cash waqf meant practicing...