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interest, which provided a link with the theory of money. Everything was granted a role - productiveness and prospectivess … a quantity-theorist, Marshall held a "real" theory of the long-period determination of the rate of interest, in the … absence of monetary policy; but he thought that the current level of the rate of interest could be influenced by monetary …
Persistent link: https://www.econbiz.de/10011111391
interest and loan. …
Persistent link: https://www.econbiz.de/10005025739
In view of a unique relationship of unity and divergence between Islam and capitalism, the paper takes a hurried look at the current state of profit theory in the mainstream economics. Here it identifies a few issues which include the concept of profit, its source and its relationship with the...
Persistent link: https://www.econbiz.de/10005837239
Every enterprise develops the activity using both equity and borrowed capital, different one by the other through the generated/engendered costs. The financial risk determines the variability of result indicators, thanks to the financial structure of enterprise modification. Due the lack of own...
Persistent link: https://www.econbiz.de/10005837526
discontinuation of interest, how inflation will be checked with central banks not having at its disposal conventional OMO, how … balance of payments and exchange rate stability can be managed in an interest free economy. If in the short term, the …
Persistent link: https://www.econbiz.de/10008543520
corporate finance, interest free finance, alternatives suggested in the past and their pros and cons, role of central bank in …
Persistent link: https://www.econbiz.de/10008543530
The traditional concept of Riba (interest) is an excess amount on loan, which creditor receives from debtor on the …
Persistent link: https://www.econbiz.de/10004999181
loans, which did pay interest, and thus with the usury controversies that erupted, over not just such loans, but the sale of … interest-bearing debt certificates in secondary markets. The alternative solution, found elsewhere – first in northern French … thirteenth century as a response to circumvent not only the usury doctrine (to ‘disguise’ interest payments in the exchange rate …
Persistent link: https://www.econbiz.de/10005031390
particularly, of his theory of capital and interest. The paper starts by arguing that Shackle’s general approach stems from the … theory of interest or of the Austrian theory of capital, Shackle fails to highlight the difference between the theory of … interest as such (the old Austrian theory) and the theory of the money rate of interest (the Keynesian theory) as well as the …
Persistent link: https://www.econbiz.de/10005619563
The argument that modern economies cannot function without interest is examined in detail. We show that Islamic … alternatives to interest, which vary with the context and the type of loan, provide adequate substitutes. Interest based …
Persistent link: https://www.econbiz.de/10005619990