Theory of profit from Islamic perspective

Hasan, Zubair (2008): Theory of profit from Islamic perspective. Forthcoming in: Encyclopaedia of Islamic Economics, Islamic Foundation UK , Vol. 3, : pp. 1-8.

Abstract

This work examines the theory of profit in mainstream microeconomics from Islamic perspective. It does not deal with various profit theories in their historical order. Instead, it adopts an issue-wise approach and discusses questions such as what is profit, what are its sources of emergence,what is the relationship between profit and other factor rewards - interest rent and wages - with reference to distributive justice

• Item Type: MPRA Paper
• Language: English
• Keywords: Islam, risk, uncertainty, innovations; wages; interest; rent;entrepreneur; competition
• Subjects: D - Microeconomics > D3 - Distribution > D33 - Factor Income Distribution

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