Role of the State in the Economy: An Islamic Perspective

Role of the State in the Economy: An Islamic Perspective-0

Darussalam Islamic Bookshop Australia

$20.00 
SKU: 476

Set against a background of collapsing state-managed economies, Muhammad Nejatullah Siddiqi argues against an exclusive reliance on the market and for Islam’s moderate alternative. Islam orients economic agents toward ethical conduct and socially responsible behavior

Set against a background of collapsing state-managed economies, Muhammad Nejatullah Siddiqi argues against an exclusive reliance on the market and for Islam's moderate alternative. Islam orients economic agents toward ethical conduct and socially responsible behavior. Within a framework of essential freedoms, the potential of state intervention to ameliorate moral and market failure is explored. The internalization of moral values and social concern, however, minimizes the need for state intervention, which retains a place within the Islamic system.