Theory of Fiscal Policy in an Islamic State نظرية السياسة المالية في الدولة الإسلامية

F.R. Faridi
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F.R. Faridi: Associate Professor and Head, Department of Socio-Technical Studies King Abdulaziz University, Jeddah, Saudi Arabia.

Journal of Research in Islamic Economics, 1983, vol. 1, issue 1, 15-30

Abstract: The present study seeks to attempt a theoretical exposition of the fiscal dynamics of an Islamic economy. In view of the absence of any empirical base in the modern world, the exposition relies heavily on the following techniques of analysis: i. The norms and values that are relevant to and direct the economic aspects of individual and collective behavior in an Islamic society have been spelt out in terms of their likely impact on the allocation, distribution and stabilization branches of public economics. ii. The behavior of an Islamic economic system in the past has been taken as the datum for theoretical projection in the future. In other words. the total absence of any empirical base in the modern Muslim societies has been partly compensated for by a selective adoption of past Islamic societies as the sample. --

Date: 1983
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Citations: View citations in EconPapers (10)

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