This paper integrates the positive features of the Grameen Bank (i.e., zero tangible collateral and human portfolio approach) with the Shariah based notion of equitable risk and return sharing between a borrower and a lender. The proposed approach would significantly reduce the costs of capital...

I highlight the simplicity as well as the misleading aspects of the double-entry bookkeeping and the Generally Accepted Accounting Principles (GAAP), especially for those who might naively believe that accountants quot;always tell the truth and nothing but the truth.quot; The implicit...

Regulatory studies in economics and political science have debated the efficiency and wealth re-distributive potentials of regulations. While Stigler and the Chicago School of economics have focused on the market (informational) efficiency implications of a regulation, political scientists...