Krichene, Noureddine and Ghassan, Hassan B. (2017): The Preeminence of Gold and Silver as Shariah Money. Published in: Thunderbird International Business Review , Vol. 61, No. DOI: 10.1002/tie.22040 (20 March 2019): pp. 821-835.
This is the latest version of this item.
Preview |
PDF
MPRA_paper_85798.pdf Download (303kB) | Preview |
PDF
MPRA_paper_95445.pdf Download (763kB) |
Abstract
Historically, money is gold and silver, supplied by the market on profit criterion. Everywhere, government inconvertible paper money arose from bankruptcy. A government with balanced budgets would never need it. Imposed by force, inconvertible paper is a taxation mean, highly inflationary, and causes impoverishment. Unjust and bankrupt governments will continue to force this despotic money. Islamic Monetary Economics refutes the idea of money as a policy tool. Fully convertible paper is Shariah compliant. Shariah requires a just government to balance its budgets and restore fully gold and silver as lawful money.
Item Type: | MPRA Paper |
---|---|
Original Title: | The Preeminence of Gold and Silver as Shariah Money |
English Title: | The Preeminence of Gold and Silver as Shariah Money |
Language: | English |
Keywords: | Money, Gold-silver, Inconvertible paper, Inflation, Bankruptcy, Shariah. |
Subjects: | E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E42 - Monetary Systems ; Standards ; Regimes ; Government and the Monetary System ; Payment Systems E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit F - International Economics > F3 - International Finance > F33 - International Monetary Arrangements and Institutions |
Item ID: | 95445 |
Depositing User: | Professor Hassan Ghassan |
Date Deposited: | 07 Aug 2019 03:57 |
Last Modified: | 11 Dec 2024 07:36 |
References: | 1. Bailey M., (1956), “The Welfare Cost of Inflationary Finance,” Journal of Political Economy, 64(2): 93-110. 2. Barro RJ, (1979), “Money and the Price Level under the Gold Standard,” The Economic Journal, 89(353):13-33. 3. Bastiat F., 2011), “The Bastiat Collection. Auburn,” Alabama: Ludwig von Mises Institute. 4. Bresciani-Turroni Constantino, 1931, “The Economics of Inflation,” John Dickens & Co Ltd, Northampton, Great Britain. 5. Cagan P., (1956), “The Monetary Dynamics of Hyperinflation,” in Friedman M. (ed.). Studies in the Quantity Theory of Money. Chicago: University of Chicago Press. 6. Carroll Charles Holt, (1965), “Organization of Debt into Currency and Other Papers,” Edited with an Introduction by Edward C. Simmons, D. Van Nostrand Company, Inc. Princeton, New Jersey. 7. Copernicus N., (1526), “Monetae Cudendae Ratio.” 8. Einaudi Luigi, (1936), “The Theory of Imaginary Money from Charlemagne to the French Revolution.” In FC. Lane & J.C. Riemersma, eds., Enterprise and Secular Change. Homewood, Ill.: RD. Irwin, 1953. 9. El Diwany Tarek, (2003), “The Problem with Interest,” Second Edition, Publisher: Kreatoc Ltd. London, UK. https://ribh.files.wordpress.com/2007/12/the-problem-with-interest-tarek-el-diwany.pdf 10. Fisher Irving, (1936), “100% Money,” New York: MacMillan. 11. Friedman M., (1969), “The Optimum Quantity of Money,” in The Optimum Quantity of Money and Other Essays. Chicago: Aldine Publishing Company, 1969. 12. Gouge William, (1833), “A Short History of Paper Money & Banking,” New York, AM. Kelley Publishers. 13. Graham Benjamin, (1944), “World Commodities and World Currency,” New York: McGraw-Hill. 14. Graham Frank, (1930), “Exchange, Prices, and Production in Hyperinflation: Germany, 1920-1923.” Russell & Russell, New York. 15. Hume D., (1752), “Political Discourses,” Edinburgh: Printed by R. Fleming, for A. Kincaid and A. Donaldson. 16. Ibn Khaldun, AM. (1377), “The Muqaddimah: An introduction to history,” Translated from the Arabic by Franz Rosenthal, 1958). 3 vols. New York: Princeton. 17. Law John, (1705), “Money and Trade Considered, with a Proposal for Supplying a Nation with Money,” R. & A. Foulis, Glasgow. 18. Liverpool Lord, Charles Jenkinson, (1805), “A Treatise on the Coins of the Realm,” Effingham Wilson, Royal Exchange, London, 1880. 19. Locke John, (1691), “Some Considerations on the consequences of the Lowering of Interest and the Raising of the Value of Money,” The Works of John Locke, 1824, London, C. Balwin, Printer. 20. Lowndes William, (1695), “A Report Containing an Essay for the Amendment of the Silver Coins,” London: Charles Bill. 21. Menger Carl, (1892), “Principles of Economics,” Glencoe, Ill.: Free Press, 1950. 22. Oresme N. (Late 14th century), “De Moneta,” London: Thomas Nelson and Sons Ltd, 1956. 23. Phelps Edmund S., (1973), “Inflation in the Theory of Public Finance,” The Swedish Journal of Economics, Vol. 75, No. 1, pp. 67-82. 24. Ricardo D., (1821), “On the Principles of Political Economy and Taxation,” 3rd Ed. London: John Murray. 25. Rothbard M., (1962), “Man, Economy, and State, with Power and Market,” Published by Ludwig von Mises Institute Auburn, Alabama. 26. Schacht Hjalmar, (1967), “The Magic Money,” London: Oldbourne. 27. Simons H., (1947), “Economic Policy for a Free Society,” Chicago, The University of Chicago Press. 28. Smith Adam, (1776), “An Inquiry into the Nature and Causes of the Wealth of Nations,” London: Methuen and Co., Ltd., ed. Edwin Cannan, 1904, Fifth edition. 29. Vico Giovanni Battista , (1668–1744), “The New Science of Giambattista Vico,” 2d Edition 1968, Translation Thomas G. Bergin and Max H. Fisch. Ithaca: Cornell UP. 30. Von Mises Ludwig, (1953), “The Theory of Money and Credit,” New Haven, Yale University Press. 31. Walker Amasa, (1873), “The Science of Wealth,” Philadelphia: J. B. Lippincott. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/95445 |
Available Versions of this Item
-
The Preeminence of Gold and Silver as Money. (deposited 11 Apr 2018 07:30)
-
The Preeminence of Gold and Silver as Shariah Money. (deposited 21 May 2019 08:44)
- The Preeminence of Gold and Silver as Shariah Money. (deposited 07 Aug 2019 03:57) [Currently Displayed]
-
The Preeminence of Gold and Silver as Shariah Money. (deposited 21 May 2019 08:44)