Hasan, Zubair (1990): Zakah, Moderation, and Aggregate Consumption by Munawar Iqbal: Comments. Published in: JKAU: Islamic Economics, Jeddah , Vol. 2, No. 2 (1990): pp. 91-100.
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This is a detailed comment on a discussion paper of Munawar Iqbal published in an earlier issue of the same journal.It argues that it is difficult to quantify israf (frivolous expenditure on consumption.Therefore, a better way of analysing the impact of israf would be to start with a no-israf model of income determination. Then introduce israf into the picture israf to see the impact on the situation. The comments present such a model.
| Item Type: | MPRA Paper |
|---|---|
| Institution: | International Islamic University of Malaysia |
| Language: | English |
| Keywords: | Islamic economics; Macro consumption function; zakah; moderation; israf |
| Subjects: | E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Employment, and Investment > E21 - Macroeconomics: Consumption; Saving; Aggregate Physical and Financial Consumer Wealth |
| ID Code: | 3224 |
| Deposited By: | Zubair Hasan |
| Deposited On: | 17. May 2007 |
| Last Modified: | 07. Nov 2007 03:03 |
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