- Kodu: 6334
- Eserin Orjinal İsmi: A behavioural model of an islamic firm
- Türü: Makale
- Alan: İktisadi Düşünce
- Konu(lar): Davranışsal Model
- Dili: İngilizce
- Sayı No: 5
- Yayın Yeri: Jeddah
- Yayınevi: International Centre for Research in Islamic Economics. King Abdulaziz University
- Sayfa Sayısı: 13
- Keywords: Behavioural Model
- Anahtar Kelimeler: Davranışsal Model
- Açıklama: The study demonstrates that the objective function of a firm which operates in a society that follows Islamic laws as dictated by the teachings of the holy Our’an. the tradition of Prophet Muhammad (peace be upon him) and the practices of early Muslims, would be substantially different from that of firms operating in non-Islamic societies. The simple mathematical model developed to investigate the equilibrium of a single-product Islamic firm shows that the equilibrium level of output is one at which marginal cost equals marginal revenue, but that this level would be different from that obtained by a purely profit-maximising firm. It is likely that the Islamic firm achieves equilibrium at a higher level of output and price than would be obtained by a purely profit-maximising firm. The study also shows that the economic policies and market strategies of the Islamic firm must be carefully chosen so that they will not militate against the principles of Islam. A number of cases were listed to illustrate this important difference between an Islamic firm and non-Islamic firm.
- Bilgilerin Alındığı Kaynak: Bibliografya Kaydı
Detaylar
| Kodu | 6334 |
| Eserin Orjinal İsmi | A behavioural model of an islamic firm |
| Türü | Makale |
| Alan | İktisadi Düşünce |
| Konu(lar) | Davranışsal Model |
| Dili | İngilizce |
| Sayı No | 5 |
| Yayın Yeri | Jeddah |
| Yayınevi | International Centre for Research in Islamic Economics. King Abdulaziz University |
| Sayfa Sayısı | 13 |
| Keywords | Behavioural Model |
| Anahtar Kelimeler | Davranışsal Model |
| Açıklama | The study demonstrates that the objective function of a firm which operates in a society that follows Islamic laws as dictated by the teachings of the holy Our’an. the tradition of Prophet Muhammad (peace be upon him) and the practices of early Muslims, would be substantially different from that of firms operating in non-Islamic societies. The simple mathematical model developed to investigate the equilibrium of a single-product Islamic firm shows that the equilibrium level of output is one at which marginal cost equals marginal revenue, but that this level would be different from that obtained by a purely profit-maximising firm. It is likely that the Islamic firm achieves equilibrium at a higher level of output and price than would be obtained by a purely profit-maximising firm. The study also shows that the economic policies and market strategies of the Islamic firm must be carefully chosen so that they will not militate against the principles of Islam. A number of cases were listed to illustrate this important difference between an Islamic firm and non-Islamic firm. |
| Bilgilerin Alındığı Kaynak | Bibliografya Kaydı |