MARKET FAILURE: NOTES ON TEACHING MICROECONOMICS WITH ISLAMIC PERSPECTIVE

Authors

  • Mohd Nahar Mohd Arshad International Islamic University Malaysia

Author Biography

Mohd Nahar Mohd Arshad, International Islamic University Malaysia

Centre for Islamic Economics, Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia.

References

Ahmad, Imad-ad-Dean. “Editorial: Islam and the Free-Market Economy.” Economic Affairs, (2009): 2-3.

Alger, Ingela, and Jörgen W. Weibull. “Homo Moralis-Preference Evolution under Incomplete Information and Assortative Matching.” Econometrica 81, no. 6 (2013): 2269-302.

Askari, Hossein, and Roshanak Taghavi. “The Principle Foundations of an Islamic Economy.” Banca Nazionale del Lavoro Quarterly Review 58, no. 235 (2005): 187-205.

Chapra, M. U. The Islamic Welfare State and Its Role in the Economy. Leicester: Islamic Foundation, 1979.

El-Gamal, Mahmoud A. “An Economic Explication of the Prohibition of Gharar in Classical Islamic Jurisprudence.” Islamic Economic Studies 8, no. 2 (2001): 29-58.

Faridi, F. R. “Theory of Fiscal Policy in an Islamic State.” Journal of Research in Islamic Economics 1, no. 1 (1983): 17-35.

Hasan-uz-Zaman, S. M. Economic Functions of an Islamic State: The Early Experience. Karachi: Islamic Foundation, 1991.

Hossain, B. “Economic Rationalism and Consumption: Islamic Perspective.” Journal of Economics and Sustainable Development 5, no. 24 (2014): 115-23.

Huber, Claus, and Franz Wirl. “The Polluter Pays Versus the Pollutee Pays Principle under Asymmetric Information.” Journal of Environmental Economics and Management 35, no. 1 (1998): 69-87.

Lee, Dwight R., and J. R. Clark. “Market Failures, Government Solutions, and Moral Perceptions.” CATO Journal 33, no. 2 (2013): 287-97.

Luppi, Barbara, Francesco Parisi, and Shruti Rajagopalan. “The Rise and Fall of the Polluter-Pays Principle in Developing Countries.” International Review of Law and Economics 32, no. 1 (2012): 135-44.

Mannan, M. A. The Making of Islamic Economics Society, Islamic Dimensions in Economics Analysis. Cairo, Egypt: International Association of Islamic Banks, 1984.

McConnell, Campbell R., Stanley L. Brue, Sean M. Flynn, and Randy Grant. Economics, Global Edition: Principles, Problems and Policies. Singapore: McGraw-Hill, 2012.

Mrozek, Janusz R. “Market Failures and Efficiency in the Principles Course.” The Journal of Economic Education 30, no. 4 (1999): 411-9.

Naqvi, S. N. H, ed. Islam, Economics, and Society: Oxford: Routledge, 2013.

Oran, Ahmad F. “An Islamic Socio-Economic Public Interest Theory of Market Regulation.” Review of Islamic Economics 14, no. 1 (2010): 125-46.

Parkin, Michael. Economics. Essex: Pearson Education, 2013.

Reda, Ayman. “Islam and Markets.” Review of Social Economy 71, no. 1 (2013): 20-43.

Salman, Ali. “The Libertarian Character of the Islamic Economy.” Economic Affairs 33, no. 1 (2013): 108-18.

Siddiqi, M. N. Role of the State in the Economy: An Islamic Perspective. Islamic Economics Series, vol. 20. Leicester: Islamic Foundation, 1996.

Siddiqi, M. N. Economics: An Islamic Approach. Islamabad: Institute of Policy Studies and the Islamic Foundation, 2001.

Downloads

Published

2015-11-30

How to Cite

Mohd Arshad, M. N. (2015). MARKET FAILURE: NOTES ON TEACHING MICROECONOMICS WITH ISLAMIC PERSPECTIVE. International Journal of Economics, Management and Accounting, 23(2), 263–270. Retrieved from https://journals.iium.edu.my/enmjournal/index.php/enmj/article/view/339

Issue

Section

Teaching Notes