Redistribution Adjusts Efficiency In Economy; Islamic Paradigm

Widiyanti, Dwi Retno (2015): Redistribution Adjusts Efficiency In Economy; Islamic Paradigm. Published in: Global Journal of Business and Social Science Review , Vol. Vol 3, No. No 1 (2015) (1 November 2015): pp. 173-183.

Abstract

The main discussion in this study is distribution as the root to be forwarded to another economic activity, it is redistribution concept. The concept of redistribution has always been a debate in every microeconomics discussion. Purpose of this study is to discuss how the concept of Islam regulate distribution also redistribution of wealth, and how this concept break away the inefficiency of economic activity. This study begins with a discussion of the principles of ownership by promoting the concept of multi ownership. The principles include all the basis of human freedom master, possess, use, reproduce, distribute, and redistribute wealth. The redistribution of wealth is ruled in every parties of economic agent, as long as it is human. How the redistribution is ruled is investigated based on Islamic Law of Fiqh. Furthermore, this research is trying to examine how the concept of redistribution benefits the efficiency in economy. This study was conducted using research methods of the literature studies, both of textbooks and handbooks various studies. The literature on the concept of Islamic paradigm and the positive paradigm are managed to produce a comprehensive study. In the final conclusion, this study focused on the Islamic paradigm affirmation of distribution and redistribution benefits and its advantage for the improvement of efficient global economy scale.

• Item Type: MPRA Paper
• Language: English
• Keywords: Efficiency, Distribution, Islamic economic, Redistribution
• Subjects: B - History of Economic Thought, Methodology, and Heterodox Approaches > B2 - History of Economic Thought since 1925 > B21 - Microeconomics; D - Microeconomics > D3 - Distribution > D31 - Personal Income, Wealth, and Their Distributions; D - Microeconomics > D6 - Welfare Economics; D - Microeconomics > D7 - Analysis of Collective Decision-Making > D78 - Positive Analysis of Policy Formulation and Implementation; H - Public Economics > H2 - Taxation, Subsidies, and Revenue

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