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|
|Original Title:||Zakah, Moderation, and Aggregate Consumption by Munawar Iqbal: Comments|
|Keywords:||Islamic economics; Macro consumption function; zakah; moderation; israf|
|Subjects:||E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E21 - Consumption ; Saving ; Wealth|
|Depositing User:||Zubair Hasan|
|Date Deposited:||17. May 2007|
|Last Modified:||12. Feb 2013 13:28|