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- W2301889272 abstract "This paper builds upon the following critique of Islamic economics: (a) Persistence on the literal interpretation of what the theology of Islamic law implies socioeconomically, (b) Rejection subsequently of the core western economic principle of homo economicus-cum-competition, though homo economicus behavior is innermost to absence of riba al-fadl (of exploitation in the goods markets) in the large atleast impersonal markets of our times, (c) Rejection, because of the ahistorical view of the West and hence, of inability to realize that the Cold War European welfare state with a constitution inspired by social solidarity as it derives not politically but religiously from Islamic law, might be worth followed by Islam, and (d) Identification of riba an-nasiya (of exploitation in the financial markets) with zero interest rate charges and not with zero commercial bank seigniorage." @default.
- W2301889272 created "2016-06-24" @default.
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- W2301889272 date "2016-01-01" @default.
- W2301889272 modified "2023-09-24" @default.
- W2301889272 title "A Critical Overview of Islamic Economics from a Welfare-State Perspective" @default.
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- W2301889272 doi "https://doi.org/10.2139/ssrn.2748461" @default.
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