Towards a Methodological Development of Islamic Economic Theory

Masudul Alam Choudhury
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Masudul Alam Choudhury: University College of Cape Breton

Chapter 12 in Contributions to Islamic Economic Theory, 1986, pp 191-216 from Palgrave Macmillan

Abstract: Abstract Mankind is today faced with its most dismal social and economic upheaval ever since the Second World War. The traditional economic machinery has failed to grapple with the problems of unemployment, poverty, squalor, inflation and stagnation that have for a long time now cruelly invaded the peace of human societies. Nevertheless the gap between the industrialised nations and the less-developed ones continues to widen, with little hope in store for any acceleration in resource flows to the less-developed countries.

Keywords: Social Economic; Social Welfare Function; Methodological Development; Gross National Product; Islamic Bank (search for similar items in EconPapers)
Date: 1986
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-07728-1_13

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DOI: 10.1007/978-1-349-07728-1_13

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