Markets and the role of government in an economy from Islamic perspective

MPRA Paper from University Library of Munich, Germany

Abstract: This paper explains the notion of market in historical perspective and the role markets play in free enterprise economies. It lists the major market failures and the role governments are expected to play in regulating and supplementing markets including the promotion of CSR from Islamic perspective. The discussion is limited to product and factor markets.

Keywords: Market; Invisible hand; Market failures; Islam norms; Trade; Role of state; CSR (search for similar items in EconPapers)
JEL-codes: D41 E61 F10 (search for similar items in EconPapers)
Date: 2008-12-15
New Economics Papers: this item is included in nep-ara, nep-cwa and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:12233

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