STUDI ANALISIS PEMIKIRAN M. ABDUL MANNAN TENTANG KONSEP HARGA

M. ABDUL MANNAN'S THINKING ANALYSIS STUDY ABOUT PRICE CONCEPT

Gatot Hadi Gunarso

MPRA Paper from University Library of Munich, Germany

Abstract: This study aims to analyze the thoughts of M. Abdul Mannan about the concept of price in Islamic economics. The prices offered by the secular market are not seen as guidelines for the welfare of society, especially in the context of Islamic economics where social care is so great that distribution is the key to productive activities. The competition implied in the market mechanism needs to be complemented by conscious control, supervision and cooperation. Supervision in price control is carried out by the government or a country. The results of the research of M. Abdul Mannan formulate that the concept of price is adjusted by the value of the product on demand and supply so as to realize healthy competition in covering the basic principles of justice in realizing satisfaction/surplus between the seller and the buyer. M. Abdul Mannan's thinking about prices aims to avoid monopoly prices and artificial prices that are based on speculation, smuggling and hoarding. Regulations on prices in Indonesia already exist and are relevant to M. Abdul Mannan's thoughts, but the lack of firm action in its application causes producers to commit violations in determining so that justice does not materialize, especially in determining prices.

Keywords: Muhammad Abdul Mannan; Islamic Economics; Price Concepts; Price Regulations in Indonesia. (search for similar items in EconPapers)
JEL-codes: A10 H0 N0 N1 (search for similar items in EconPapers)
Date: 2021-08-13, Revised 2021-08-13
New Economics Papers: this item is included in nep-hme, nep-isf and nep-sea
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