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 TypeDr GradeEmail
مسعود العالم شودري MASUDUL ALAM CHOUDHURYResearcher  

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