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Theory of Interest -- 4 Interest Rate Control -- 5 Islamic Economics, Time Preference and Price Control -- 6 Conclusion. … interest through the lens of conventional economics and then makes a comparison with the position of Islamic economists. It … evaluates the theory of interest presented by Böhm-Bawerk, which is the most respected and applicable theory at present. It …
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According to the expectations channel, a fiscal consolidation may give rise to less contractionary, or even expansionary effects on consumption, despite a decline in current disposable income. Intuitively, people may accumulate a stock of savings in anticipation of the consolidation and may...
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This paper examines the welfare effects of intellectual property protection, accounting for firms' optimal responses to legal environments and technological innovation. I examine firms' use of indirect price discrimination in response to U.S. copyright law, which effectively prevents direct...
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