LEADER 07534nam 2200493 450 001 9910799486603321 005 20240119114044.0 010 $a3-031-41134-X 035 $a(CKB)29449620600041 035 $a(MiAaPQ)EBC31051216 035 $a(Au-PeEL)EBL31051216 035 $a(EXLCZ)9929449620600041 100 $a20240119d2023 uy 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aRevisiting Islamic Economics $eThe Organizing Principles of a New Paradigm /$fNabil El Maghrebi [and three others] 205 $aFirst edition. 210 1$aCham, Switzerland :$cPalgrave Macmillan,$d[2023] 210 4$d©2023 215 $a1 online resource (392 pages) 225 1 $aPalgrave Studies in Islamic Banking, Finance, and Economics Series 311 08$a9783031411335 320 $aIncludes bibliographical references and index. 327 $aIntro -- Foreword -- Introduction -- Contents -- 1 Polar Visions of the Economy -- Authenticity and Islamic Economics -- The Western Conception of Authenticity -- Inauthenticity and Islamic Economics -- The Term "Islamic Economics" and the Evolution of Its Content -- Hopes, Aspirations, and Inspirations of This Book -- Rethinking "Islamic Economics" -- Economics: The Operating System of Predatory Capitalism -- Neoliberal Economics Assumes the Mantle of "Conventional Economics" -- Neoliberal Capitalism Dominates World Economies -- The Empire of Neoliberal Economics -- The Dire Costs of Neoliberal Economics -- A Blending of "Economic Science" and the As-Shar?'ah -- Is Scarcity the Problem or Distribution? -- Secularism and the Blending of Conventional Economic and the Shar?'ah -- Secularism as Foundational Philosophy of "Conventional Economics" -- The Rationality Axiom and Islamic Economics -- Economic Rationality Is a Part, Albeit a Small Part, of the General Concept of Rationality -- Al-Qur'?n and Rationality -- Al-Qur'?n and "Self-Interest" -- The Logical Impossibility of the Proposed Union -- Attasian Conception of Islamization of Knowledge -- Sadrian Discourse on Al-Iqti??d -- As-Sadr's Discourse on Contemporary Socio-Economic System -- As-Sadr's Conception of Ideal Socio-Economic System -- As-Sadr and Al-Iqti??d Paradigm -- Notes -- References -- 2 Critiques of Conventional Economics -- A Critical History of Political Economy -- General Equilibrium Paradigm -- The Science and Dogma of Neoclassical Economics -- Economics Between the Rigour of Mathematics and Relevance of Morality -- Rationality as the Hard Core of Economic Theory -- Notes -- References -- 3 Critiques of Islamic Economics -- A Brief History of Islamic Political Economy -- The Contents and Discontents of Islamic Economics. 327 $aTheoretical Doctrine Between Analytical Rigour and Practical Relevance -- The Contentious Relationship Between Religion and Economics -- Islamic Law and Islamic Jurisprudence -- The Secularization of Islamic Law -- Islamic Law of Transaction and Economic Development -- Notes -- References -- 4 Ethics of Iqti??d -- Growing Critic of Conventional Economics' "Moral Muteness" -- Meta-Ethics of Iqti??d -- Unity of Creation -- Model of Man16 -- Justice and Equilibrium -- Preservation of Rights -- Internalization of Virtues -- Respecting and Protecting Environment -- Virtue-Based Ethics of Islam -- Truthfulness and Integrity -- Trustworthiness -- Honesty -- Goodness and Excellence (Ihs?n) -- Compassion and Generosity -- Cooperation and Solidarity -- Mindfulness of Vices or Unethical Practices -- Prudence and Humility42 -- Ethical Dimensions of Iqti??d -- Ethics of Risk-Sharing -- Risk-Sharing Prevents Exploitation -- Efficient Allocation of Resources by Discouraging Over-Financialization of the Economy -- Reduced Information and Agency Problems -- Preserving Sustainable Growth and Welfare Through the Stability of the Financial System -- Encourages Anti-fragility of Financial System for Sustainable Economic Development -- Fight Against Financial Repression -- Enhances Cooperation Among Economic Agents -- Enhances Financial and Social Inclusion -- Business Ethics -- Conclusion -- Notes -- References -- 5 The Crisis of Civilization and the Problem of Knowledge -- A Brief Biography of Muslim Philosophers and Social Critics Over the Past Century -- The Determinants of Shift in Economic Power -- The Problem of Knowledge and Intellectual Challenges -- Consistent Perspectives on Economic Development and Economic Justice -- Call for Paradigm Shift in Islamic Economic Thought -- References -- 6 Islamization of Economics? An Impossibility Theorem. 327 $aA Brief Note on Key Philosophical Terms -- Economics: Its Etymology and the Evolution of Its Definition -- Economics: Its Definition and Method -- Etymology,37 Definition, and Philosophy of Iqti??d: An Introduction -- Transcendental Nature of the Ontology and Epistemology of Iqti??d System -- Summary: An Impossibility Theorem -- Notes -- 7 Behavioural Norms and Institutional Structure of Iqti??d -- Etymology and Quranic Foundations of Iqti??d -- Behavioural Rules and the Promotion of Economic Justice and Social Welfare -- Institutional Framework of an Organic Iqti??d-Driven System -- Property and Property Rights -- Contracts and Contractual Obligations -- Markets and Information -- Risk-Sharing and Shared Prosperity -- Notes -- References -- 8 Rethinking the Essence of Macroeconomic Policies in the Iqti??d Paradigm -- The Nature of Economic Inequalities and Redistribution Proposals -- The Linkage Between Wealth Residual and Interest-Based Debt -- The Quantity Channel -- Collateral -- State-Independent Payoffs -- The Price Channel -- Leverage -- Asset Prices -- Risk-Sharing and the Notion of Wealth Residual -- Risk-Sharing Asset Redistribution -- Risk-Sharing Universal Basic Assets (RUBA) -- Blueprint for the RUBA: Public Basic Asset Fund (PBAF) -- Establishment of the Public Basic Asset Fund -- Investment in Risk-Sharing Instruments -- Trading PBAF Shares in Secondary Markets -- Notes -- References -- 9 The Risk-Sharing Organizing Principle of Iqti??d -- Economic Uncertainty and the Notion of Risk -- The Pervasiveness of Risk-Transfer Relations -- Debt and Financial Instability -- Interest Rates and the Transmission of Monetary Policy -- Monetary Policy as a Source of Economic Uncertainty -- Debt and the Making of Financial Crises -- Prudential Regulation and the Procyclicality of the Financial System -- Risk-Sharing and Economic Stability. 327 $aInterest Rates and Expected Rates of Return -- Iqti??d and the Islamic Financial System -- Iqti??d, Equity Financing and State-Contingent Claims -- Risk-Sharing and Economic Prosperity -- Conclusion -- References -- Index. 410 0$aPalgrave studies in Islamic banking, finance, and economics. 606 $aEconomics$xReligious aspects$xIslam 606 $aIslam$xEconomic aspects 615 0$aEconomics$xReligious aspects$xIslam. 615 0$aIslam$xEconomic aspects. 676 $a297.273 700 $aEl Maghrebi$b Nabil$01586376 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910799486603321 996 $aRevisiting Islamic Economics$93872763 997 $aUNINA