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Role of the State in the Economy: An Islamic Perspective
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Author
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Muhammad Nejatullah Siddiqi.
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Publisher
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Islamic Foundation
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Format
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paperback
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Product Dimensions
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8.25
x
5.75
x
0.4
inches
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ISBN
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9780860372523
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Pages/Publication Date
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168/1996
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Daedalus Item Code
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12586
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List Price:
$23.00
Sale Price:
$4.98
You Save:
$18.02
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Description
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A former professor of Islamic Economics at King Abdulaziz University, Jeddah, and the winner of the King Faisal International Prize for Islamic Studies in 1982, Muhammad Nejatullah Siddiqi here considers state economies in the context of the global market and Islamic thought. Islam orients economic agents toward ethical conduct and socially responsible behavior. Against a background of collapsing state-managed economies, Siddiqi argues against an exclusive reliance on the market, and for Islam's moderate alternative. He explores the potential of state intervention to ameliorate moral and market failure within a framework of essential freedoms, and argues that the internalization of moral values and social concern minimizes the need for state intervention.
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