Negara, ekonomi dan pasar: Analisis institusi hisbah dan kontribusinya dalam perspektif al-Mawardi

Countries, economy and markets: Analysis of hisbah institution and its contribution to Al-Mawardi perspective

Faidatun Nashihah ()

MPRA Paper from University Library of Munich, Germany

Abstract: The capitalist and socialist economy throughout the history of economic thought can not factually bring about market justice and even tends to be distorted due to the weakening of economic ethics and the absence of the institutions that oversee the market. This article uses the method of content analysis and critical historical method in revealing the history of Islamic economic thought about the issue. The conclusion of this paper asserts that the state, economy, and market are inseparable in creating economic justice, one of which is al-Mawardi's idea of the institution of hisbah which plays a role in controlling and overseeing economic activity.

Keywords: country; market; economy; hisbah; Islamic economy (search for similar items in EconPapers)
JEL-codes: B0 B31 D40 P0 (search for similar items in EconPapers)
Date: 2018-03-01, Revised 2018-04-03
New Economics Papers: this item is included in nep-his, nep-hme and nep-isf
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:87412

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