TY - BOOK AU - Askari,Hossein TI - Introduction to Islamic Economics: Theory and Application T2 - New York Academy of Sciences Series SN - 9781118732984 AV - HB126.4 .A85 2015 U1 - 330.09176710000003 PY - 2015/// CY - Newark PB - John Wiley & Sons, Incorporated KW - Economics-Religious aspects-Islam KW - Economics-Islamic countries KW - Islam-Economic aspects KW - Electronic books N1 - Intro -- Series Page -- Title Page -- Copyright -- Dedication -- Acknowledgments -- About the Authors -- Chapter 1: Economic Systems -- What Is an Economic System? -- Current State of the Global Economic System -- Islamic Economics Paradigm -- Short History of Economic Thought in Islam -- Summary -- Key Terms -- Questions -- Chapter 2: Foundation of the Islamic Economic Paradigm -- Meta-Framework and Archetype of Economic Rules -- Implications of the Agent-Trustee Relationship -- Significance of Rule Compliance -- Impact of Scarcity -- Rationality and Freedom of Choice -- Individual Obligations, Rights, and Self-Interest -- Central Notion of Justice -- Shariah: The Law -- Summary -- Key Terms -- Questions -- Chapter 3: Institutional Framework and Key Institutions -- Key Institutions -- Summary -- Key Terms -- Questions -- Chapter 4: The Islamic Economic System -- Social and Economic Justice -- Prohibition of Interest (Al-Riba) -- Risk-Sharing Economic System -- Role of the State -- Summary -- Key Terms -- Questions -- Chapter 5: Key Microeconomic Concepts -- Defining Microeconomics -- Issue of Needs Versus Wants -- Consumer Behavior -- Theory of the Firm -- Dynamics of Demand and Supply -- Efficiency Versus Equity -- Market Models -- Role of the State -- Summary -- Key Terms -- Questions -- Chapter 6: Key Macroeconomics Concepts -- Principal Economic Agents -- National Income -- Consumption, Savings, Investment, and National Income Determination -- National Income and Output Determination -- Inflation -- Unemployment -- Open Economy: Trade in Goods and Services with Other Countries -- Why International Trade is so Central to Islam -- Summary -- Key Terms -- Questions -- Chapter 7: Macroeconomic Equilibrium: Characteristics of an Islamic Economy1 -- Models of An Interest-Free Economy -- Summary -- Key Terms -- Questions; Chapter 8: The Financial System -- Notion of Risk Sharing -- Building Blocks of the Islamic Financial System -- Takaful (Islamic Insurance) -- Summary -- Key Terms -- Questions -- Chapter 9: Role of the State and Public Policy -- Basic Roles of the State in All Economic Systems -- Role of the State in the Islamic Economic System -- Policy Instruments of the State in Islam -- Economic Justice and Public Policy -- Role of Public Policy -- Summary -- Key Terms -- Questions -- Chapter 10: Fiscal Policy -- Role of Fiscal Policy -- Fiscal Policy in an Islamic Economy -- Public Finance -- Summary -- Key Terms -- Questions -- Chapter 11: Monetary Policy -- Role of Monetary Policy -- Monetary Policy in an Islamic Economy -- Summary -- Key Terms -- Questions -- Chapter 12: Economic Development and Growth -- Evolution of Western Economic Thought: From Smith to North and Sen1 -- Foundation and Framework of Development and Growth in Islam -- Islamic Perspective on Financial Inclusion -- Summary -- Key Terms -- Questions -- Chapter 13: Economic and Social Welfare -- Social Safety Net Provisions -- Concept of Safety Net and Welfare -- Empirical Evidence on Social Welfare from Select Muslim Countries -- Summary -- Key Terms -- Questions -- Chapter 14: Economic State of Affairs in OIC Countries -- Public Policy in the Islamic Economic System -- Dimensions of Economic and Social Achievements in Muslim Countries -- Summary -- Key Terms -- Questions -- Glossary of Arabic Terms -- Bibliography -- Index -- End User License Agreement UR - https://ebookcentral.proquest.com/lib/orpp/detail.action?docID=7104005 ER -