Redistribution Adjusts Efficiency In Economy; Islamic Paradigm

Dwi Retno Widiyanti

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Efficiency; Distribution; Islamic economic; Redistribution (search for similar items in EconPapers)
JEL-codes: B21 D31 D6 D78 H2 (search for similar items in EconPapers)
Date: 2015-09-01, Revised 2015-11-01
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Published in Global Journal of Business and Social Science Review No 1 (2015).Vol 3(2015): pp. 173-183

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