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Document Details
Document Type
:
Article In Journal
Document Title
:
Regulation in the Islamic Political Economy: Comparative Perspectives
تدخل الدولة في الاقتصاد السياسي الإسلامي وجهات نظر مقارنة
Subject
:
Articles
Document Language
:
English
Abstract
:
The much debated topic of economic regulation and deregulation in Ihe perspective of market transformation lhal is now gripping the global politico-economic climate, is studied with the Islamic focus in it. In the attempt, comparative ideas m this area are taken up, particularly those propounded by Baumol with regard to regulation of firms to generate a semblance of competitive pricing. The Islamic firm is studied in reference to a knowledge-based model of unification as manifested by extensive complementarity among possibilities Such a model is shown lo be the mix of Shari'ah in the Islamic political economy as in the broadest sense of the socio-scientific order, where process oriented as opposed to optimal models of equilibrium apply. In reference to such a knowledge-centred epistemological model of Divine Unity (Tawhid), it is argued that all kinds of regulation become redundant in the case of the Islamic firm. Such is a firm that complies with Shari 'ah rules in the Islamic political economy. Here the sociocconomic transformation is guided towards realizing ethicized markets. The short-run and long-run cases are studied with regards to Ihe problem of regulation.
ISSN
:
1018-7383
Journal Name
:
Islamic Economics Journal
Volume
:
12
Issue Number
:
1
Publishing Year
:
1420 AH
2000 AD
Number Of Pages
:
30
Article Type
:
Article
Added Date
:
Sunday, October 11, 2009
Researchers
Researcher Name (Arabic)
Researcher Name (English)
Researcher Type
Dr Grade
Email
مسعود العالم شودري
MASUDUL ALAM CHOUDHURY
Researcher
Files
File Name
Type
Description
21073.pdf
pdf
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