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individualistic societies. The paper first outlines the welfare axioms of Islamic economics compared to those of capitalism. Second …. Finally, it demonstrates optimum income transfer for social welfare maximization. Findings – The paper shows that Islamic … economics relying on certain welfare axioms aim for an altruistic society. It then theoretically proves that social well …
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individualistic societies. The paper first outlines the welfare axioms of Islamic economics compared to those of capitalism. Second …. Finally, it demonstrates optimum income transfer for social welfare maximization. Findings – The paper shows that Islamic … economics relying on certain welfare axioms aim for an altruistic society. It then theoretically proves that social well …
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