Ibn Khaldun's Islamic economic view

Wustol Bahri
Authors registered in the RePEc Author Service: Wustol Bahri Supardi ()

MPRA Paper from University Library of Munich, Germany

Abstract: Abstract The economic problem is discussed by Ibn Khaldun in his book Al Muqoddimah part V and the economic motive arises because human desire is unlimited, the goods that will satisfy his needs are very limited. Therefore, to solve economic problems must be viewed from two angles; angle strength (work, arbeid) and from the point of use. Ibn Khaldun also talks about personal business and general business. It is explained in the explanation of the terms 1 (ma'asy and Rizqy) and term 2 (tamawwul and Kasab). In currencies, Ibn Khaldun predicts that both will occur in the world's most important economies: first, being an exchanger and a measure of price, as business value (destiny); second, means of transportation, such as denizen (qaniah); and third, deposit instruments in the bank (akhirah).

Keywords: Islamic Economy; Private Business; The Public Company; Currency (search for similar items in EconPapers)
JEL-codes: A10 (search for similar items in EconPapers)
Date: 2018-06-20, Revised 2018-06-23
New Economics Papers: this item is included in nep-isf
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