Revisiting Islamic Economics : The Organizing Principles of a New Paradigm / / Nabil El Maghrebi [and three others]

• Autore: El Maghrebi Nabil
• Pubblicazione: Cham, Switzerland : , : Palgrave Macmillan, , [2023]; ©2023
• Edizione: First edition.
• Descrizione fisica: 1 online resource (392 pages)
• Disciplina: 297.273
• Soggetto topico: Economics - Religious aspects - Islam; Islam - Economic aspects
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: Intro -- 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-Sharī'ah -- Is Scarcity the Problem or Distribution? -- Secularism and the Blending of Conventional Economic and the Sharī'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'ān and Rationality -- Al-Qur'ān and "Self-Interest" -- The Logical Impossibility of the Proposed Union -- Attasian Conception of Islamization of Knowledge -- Sadrian Discourse on Al-Iqtiṣād -- As-Sadr's Discourse on Contemporary Socio-Economic System -- As-Sadr's Conception of Ideal Socio-Economic System -- As-Sadr and Al-Iqtiṣād 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. ; Theoretical 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 Iqtiṣād -- Growing Critic of Conventional Economics' "Moral Muteness" -- Meta-Ethics of Iqtiṣād -- 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 (Ihsān) -- Compassion and Generosity -- Cooperation and Solidarity -- Mindfulness of Vices or Unethical Practices -- Prudence and Humility42 -- Ethical Dimensions of Iqtiṣād -- 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. ; A 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 Iqtiṣād: An Introduction -- Transcendental Nature of the Ontology and Epistemology of Iqtiṣād System -- Summary: An Impossibility Theorem -- Notes -- 7 Behavioural Norms and Institutional Structure of Iqtiṣād -- Etymology and Quranic Foundations of Iqtiṣād -- Behavioural Rules and the Promotion of Economic Justice and Social Welfare -- Institutional Framework of an Organic Iqtiṣād-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 Iqtiṣād 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 Iqtiṣād -- 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. ; Interest Rates and Expected Rates of Return -- Iqtiṣād and the Islamic Financial System -- Iqtiṣād, Equity Financing and State-Contingent Claims -- Risk-Sharing and Economic Prosperity -- Conclusion -- References -- Index.
• Titolo autorizzato: Revisiting Islamic Economics
• ISBN: 3-031-41134-X
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910799486603321
• Lo trovi qui: Univ. Federico II
• Serie: Palgrave studies in Islamic banking, finance, and economics.