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The Main Functions of the State in Islamic Economics: Human Centred Economic Principles

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  • Arif ERSOY
  • Merve Büşra ALTUNDERE-DOĞAN

Abstract

Islamic Economics is a human centered discipline. The state in Islam has to provide adequate facilities to establish the division of labor, cooperation and solidarity among the members of society. It arranges a suitable environment for the owners of factors of production to determine their economic activities such as production, consumption, distribution, trade and transportation with their freewill and consent, also supplies infrastructural services and provides free operation of the market. In this article, we will try to summarize the economic activities of the state in Muslim countries in the past and also to explain what the main functions of the state should be today if based on the principles of Islamic Economics.

Suggested Citation

  • Arif ERSOY & Merve Büşra ALTUNDERE-DOĞAN, 2019. "The Main Functions of the State in Islamic Economics: Human Centred Economic Principles," Sosyoekonomi Journal, Sosyoekonomi Society, issue 27(39).
    • Handle: RePEc:sos:sosjrn:190109
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    References listed on IDEAS

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    3. Rodney Wilson, 1997. "Economics and Ethics," Palgrave Macmillan Books, in: Economics, Ethics and Religion, chapter 1, pages 1-21, Palgrave Macmillan.
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    More about this item

    JEL classification:

    • D60 - Microeconomics - - Welfare Economics - - - General
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

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