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Theory of profit from Islamic perspective

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  • Hasan, Zubair

Abstract

This work examines the theory of profit in mainstream microeconomics from Islamic perspective. It does not deal with various profit theories in their historical order. Instead, it adopts an issue-wise approach and discusses questions such as what is profit, what are its sources of emergence,what is the relationship between profit and other factor rewards - interest rent and wages - with reference to distributive justice

Suggested Citation

  • Hasan, Zubair, 2008. "Theory of profit from Islamic perspective," MPRA Paper 8129, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:8129
    as

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    References listed on IDEAS

    as
    1. J. Fred Weston, 1954. "The Profit Concept and Theory: A Restatement," Journal of Political Economy, University of Chicago Press, vol. 62(2), pages 152-152.
    2. Hasan, Zubair, 1983. "Profit Theory: the Islamic viewpoint," MPRA Paper 3012, University Library of Munich, Germany.
    3. Peter L. Bernstein, 1953. "Profit Theory — Where Do We Go from Here?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 67(3), pages 407-422.
    4. Zubair Hasan, 1983. "Theory of Profit: The Islamic Viewpoint نظرية الربح: وجهة النظر الإسلامية," Journal of Research in Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 1(1), pages 3-14, January.
    5. Armen A. Alchian, 1950. "Uncertainty, Evolution, and Economic Theory," Journal of Political Economy, University of Chicago Press, vol. 58(3), pages 211-211.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Islam; risk; uncertainty; innovations; wages; interest; rent; entrepreneur; competition;
    All these keywords.

    JEL classification:

    • D33 - Microeconomics - - Distribution - - - Factor Income Distribution

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