Markets and the role of government in an economy from Islamic perspective

Hasan, Zubair (2008): Markets and the role of government in an economy from Islamic perspective. Forthcoming in: Encyclopaedia of Islamic Economics , Vol. 4, : pp. 1-11.

Abstract

This paper explains the notion of market in historical perspective and the role markets play in free enterprise economies. It lists the major market failures and the role governments are expected to play in regulating and supplementing markets including the promotion of CSR from Islamic perspective. The discussion is limited to product and factor markets.

• Item Type: MPRA Paper
• Language: English
• Keywords: Market; Invisible hand; Market failures; Islam norms; Trade; Role of state; CSR
• Subjects: F - International Economics > F1 - Trade > F10 - General; D - Microeconomics > D4 - Market Structure, Pricing, and Design > D41 - Perfect Competition; E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E61 - Policy Objectives ; Policy Designs and Consistency ; Policy Coordination

References

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