Chapter 1: Islamic Economics Compared to Socialist, Fascist and Capitalist views on Economy as a System

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Hiç F. Ö.

in: International Journal of Progressive Sciences and Technologies, Houda, Editor, IJPSAT, Rabat, pp.1-11, 2020

  • Publication Type: Book Chapter / Chapter Research Book
  • Publication Date: 2020
  • Publisher: IJPSAT
  • City: Rabat
  • Page Numbers: pp.1-11
  • Editors: Houda, Editor
  • Istanbul University Affiliated: Yes

Abstract

Abstract. This chapter aims at comparing the major Islamic views on economy to previously experienced views such as socialist, fascist and capitalist attitudes. The role of government, interest rates, public and private property rights and regulations, implementation difficulties, market mechanism and financial management, wealth accumulation are the main areas of concern in this paper. This chapter is a short extract taken from the master thesis advised by F.

Özlen Hiç “AN INQUIRY FOR THE VALIDITY OF EFFICIENT MARKET HYPOTHESIS IN DEVELOPED AND DEVELOPING COUNTRIES AND A COMPARATIVE ANALYSIS ON STRUCTURAL AND SOCIAL CHANGES IN ECONOMIC SYSTEMS SUGGESTED FOR IMPLEMENTATION” – 2020.

Keywords. Islamic economics, wealth accumulation, capitalism, property rights, interest rates