1.

Record Nr.

UNINA9910491029503321

Autore

Eyerci Cem

Titolo

The Causes and Consequences of Interest Theory : Analyzing Interest through Conventional and Islamic Economics / / by Cem Eyerci

Pubbl/distr/stampa

Cham : , : Springer International Publishing : , : Imprint : Palgrave Macmillan, , 2021

ISBN

9783030787028

3030787028

Edizione

[1st ed. 2021.]

Descrizione fisica

1 online resource (177 pages)

Disciplina

330.91767

332.8

Soggetti

Finance

Economics

Financial Economics

Political Economy and Economic Systems

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di contenuto

1 Introduction -- 2 The Concept of Interest: Its Meaning, History and Theoretical Development -- 3 The Time Preference Theory of Interest -- 4 Interest Rate Control -- 5 Islamic Economics, Time Preference and Price Control -- 6 Conclusion.

Sommario/riassunto

Interest has always been a part of humans' daily economic life, and the concept of interest has attracted intense attention from economists, philosophers, religious scholars and lawmakers. This book analyses the issue of prohibition of interest through the lens of conventional economics and then makes a comparison with the position of Islamic economists. It evaluates the theory of interest presented by Böhm-Bawerk, which is the most respected and applicable theory at present. It provides an in-depth analysis of the current literature, and it is the first book to scrutinize the interpretation of Islamic economists on the concepts of time preference and interest rate control. This book will be of interest to academics and students of economics and Islamic economics. Cem Eyerci is an Advisor at the Central Bank of the Republic of Turkey. Previously, he managed the Banknote Printing Plant and



Human Resources Department as Executive Director, and Statistics Department as Deputy Executive Director. Before joining Central Bank, he worked at the Turkish Statistical Institute as Head of the Department of Business Statistics, Regional Manager, and Expert. Cem received his Ph.D. from Ankara Yıldırım Beyazıt University in Economics.