This paper compares the fundamental postulates of major economic systems i.e. Capitalism, Socialism, Mixed economy (a … hybrid of Capitalism and Socialism) and the Islamic economic system. It identifies through a review of theoretical economics … system are the major problematic issues in Capitalism against which mixed economy has also shown limited effectiveness …

This paper analytically compares the theoretical foundations of major economic systems i.e. Capitalism, Socialism …, Mixed economy (a hybrid of Capitalism and Socialism) and the Islamic economic system. The research identifies that lack of … and monetary system are the major problematic issues in the current economic order. Socialism promises to create heaven on …

(primary) kinds of resources of economic system and system potential on their effective utilization — as its base capabilities … connection with an exchange by base resources and capabilities and providing steady functioning of these groups and economy as a …

After the demise of “real” socialism and the decline of “western” socialism, socialism can be salvaged as a social … socialism could derive from the socialization of consumption, if the consumption of public goods continues to make up a growing …

GDP per capita since the start of the disintegration of socialism. It is found that the transition has practically …

It is argued in this paper that Islam had developed its own capitalistic system centuries before the West. This was an … economic system based upon constrained maximization, the constraint being imposed by the teachings of classical Islam …. Notwithstanding this difference with western capitalism, which does not normally recognize any moral constraints, the two capitalisms …