The theory of the years 1950-1960 of development propagation through the relations between the branches of industrial activity finds its place in the theories of economics at the beginning of the third millennium. The limited size of the domestic market, the issue of the indivisibility of...

In the paper, we discuss theoretical and practical aspects of management and its rational and irrational behavior in the light of traditional management theories and contemporary social theories and theories of complexity. We exposed differences between middle and top management, where...

In this book Ralph Gomory and William Baumol adapt classical trade models to the modern world economy. Trade today is dominated by manufactured goods, rapidly moving technology, and huge firms that benefit from economies of scale. This is very different from the largely agricultural world in...

The concept of Islamic economics as a coherent economic and financial system basically does not exist. Some authors take it, however, for simplicity, understanding by this description any entities and legal regulations, mainly in the financial markets, driven – either declaratively or in fact...

Selected Papers Presented at an international seminar on Economic problems and the Teachings of the Qur'an organized by the Idarah Ulūm al-Qur'an held at Aligarh during 6-7 November 2010

This paper discusses Islamic principles and how they can help in achieving efficiency along with equity in a market system. We start with the concept of ‘human welfare’ in Islam and show how it is distinct from the concept of welfare in western social sciences. The difference comes from the...

The relative financial strength of Islamic banks is assessed empirically based on evidence covering individual Islamic and commercial banks in 18 banking systems with a substantial presence of Islamic banking. We find that (i) small Islamic banks tend to be financially stronger than small...

Derivatives are few and far between in countries where the compatibility of financial transactions with Islamic law requires the development of shari'ah-compliant structures. Islamic finance is governed by the shari'ah, which bans speculation and gambling, and stipulates that income must be...

This paper discusses the ethical void in Capitalism which does not look prominent in welfare societies and states. But, its effects become more eminent in tough economic conditions. Unbridled pursuit of self interest, moral relativism, incentive-led economic choices and apathy to communal...

This study attempts to posit the nexus between psychology and economics. However it is not the purpose of the paper to focus on all aspects of psychology and its various theories. It is also not the purpose of this paper to trace the historical development of economics, its various schools and...