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,...

The transition from Millennium Development Goals (MDGs) to Sustainable Development Goals (SDGs) has substantially shifted the policy debate from growth to inclusive growth. In this short note, we revisit the trust-growth nexus by exploiting a dataset on quality of growth (QG), recently made...

Economists have had tremendous influence in designing antipoverty programs in both Great Britain and America over the last 200 years. However, today's economic experts have lost some respect for the wisdom of non-experts, or ordinary people, that was held in high regard by their intellectual...

The study investigates the stability of financial risk preference choices elicited from subjects by way of two methods, namely: experimentally elicited incentivized revealed risk preferences (IRRP) and (self-reported) perceived willingness to take a financial risk (PWTFR). The research further...

The development institutions have been categorized as Faith-based and Mainstream based on their background and characteristics. This paper reviews the extant literature on Faith-based organizations (FBOs) and their role in various areas of development specially poverty alleviation. This paper...

Does the supply of a welfare state create its own demand? Many economic scholars studying welfare arrangements refer to Say's law and insinuate a self-destructive welfare state. However, little is known about the empirical validity of these assumptions and hypotheses. We study the dynamic effect...

The nexus between social leisure and life satisfaction is riddled with endogeneity problems. In investigating the causal relationship going from the first to the second variable we start from considering that retirement is an event after which the time investable in (the outside job) relational...

The challenges of sustainable development are primarily ethical in nature. Guided by a ceaseless quest for profit, today's global economy is synonymous with vast amounts of exclusion, indignity, and environmental devastation. To succeed, therefore, the Sustainable Development Goals require...

Die chinesische Wirtschaftsreform seit 1978 hat den ethischen Diskurs vielfaeltiger gemacht. Im Spannungsfeld zwischen Kommunisten, Kapitalisten und Konsumenten entstehen zum Teil voellig neue Normvorstellungen und Wertebotschaften. Diese Entwicklung ist zum einen durch eine hohe...

Die Soziale Marktwirtschaft setzt in ihrer Ausgestaltung zum aktivierenden Sozialstaat auf Buergerschaftliches Engagement, das seit einigen Jahren verstaerkt von der Politik gefoerdert wird. Die Zivilgesellschaft uebernimmt und gestaltet dadurch u.a. Bereiche, die einst hoheitlich vom Staat...