Within the context of the recent financial crisis, the causes and implications of mounting levels of household indebtedness have begun to be examined from a variety of angles: Why have nations differed so drastically, historically speaking, in terms of the level of debt that their citizens...

The experience of Indonesia's economic development that run based on market mechanisms which are not run fairly, often leading to social problems in society, such as the New Order era, the economic elite has been getting more convenience and support so that the allocation of distribution of much...

The chapter analyzes the basis of the market economy in classical Rome, from the perspective of personal vs impersonal exchange and focusing on the role of the state in providing market-enabling institutions. It starts by reviewing the central conflict in all exchanges between those holding and...

This study investigates the effect of debt adjustment for bad debts on debt repayment and discusses the optimal principal reduction rate. We use a logit model and propensity score matching, employing the unique dataset of creditors’ ledger, debt adjustment information, and debtors’...

Using account-level administrative data set from a large U.S. financial institution, we assess the impact on consumption and debt repayment of a credit card incentive program that offers cash-back rewards for usage. Using a generalized difference-in-differences design, we find that the program...

Islamic economics is not a social science yet. It is a work in progress. Islamic economists differ on methodology for developing Islamic economic thought into a social science. They face several dilemmas surrounding religion, Islamic law, conventional economics, contents of Islamic economics,...

This synopsis contains excerpts from and novel introductions to the four chapters constituting “FairEconomy. Crises, Culture, Competition and the Role of Law”, a monograph co-authored and published by the late Wolfgang Fikentscher, Philipp Hacker and Rupprecht Podszun in 2013. In honor and...

In the consumer protection context, most research on American families assesses the extent of harm from overindebtedness along a single dimension: debt, or its kissing cousin, wealth. This essay examines the limitation of this analytical approach and argues that unmanageable debt may harm...