scholarly journals SIGNIFIKANSI LEMBAGA AL-ḤISBAH DALAM SISTEM EKONOMI ISLAM

2019 ◽  
Vol 5 (2) ◽  
pp. 135
Author(s):  
Khairuddin Wahid
Keyword(s):  
Economic System ◽  
Free Market ◽  
Logical Consequence ◽  
The State ◽  
Market Mechanism ◽  
Economic Systems ◽  
Role Of The State ◽  
Socialist Economic ◽  
Islamic Economic

If the teachings of neoclassical economic systems minimize the role of the state in the market, and conversely the teaching of socialist economic systems maximizes the role of the State in the market, Islamic economic systems teach that markets, countries and individuals are in balance (iqtiṣād / equilibrium). This means that for Islamic economic systems, the State is in a unified system. However, Islamic economic systems guarantee a free market mechanism, where sellers and buyers are free to compete fairly in terms of equity. To guarantee the sustainability of this market fairly, from the outset the Messenger of Allah saw attention to the market by conducting an investigation into the market. This sunna is preserved by friends and the Islamic world, which in turn is transformed into an institution of ratio. After observing the objectives, principles, and characteristics of Islamic economic systems, it turns out that the existence of this market watchdog is a necessity, as a logical consequence of the Islamic economic system it self.

scholarly journals THE ROLE OF THE STATE IN THE ISLAMIC ECONOMIC SYSTEM: A REVIEW OF ABBAS MIRAKHOR'S THOUGHT

2021 ◽  
Vol 7 (1) ◽  
pp. 1-22
Author(s):  
Havis Aravik ◽  
Achmad Irwan Hamzani ◽  
Nur Khasanah
Keyword(s):  
Economic System ◽  
The State ◽  
Main Principle ◽  
Dynamic Economy ◽  
System A ◽  
Library Research ◽  
Role Of The State ◽  
Good Reputation ◽  
Islamic Economic

Islamic economy is a progressive and dynamic economy. Various new theories have been raised as an offer for the development of Islamic economics, one of which was carried out by Abbas Mirakhor. This article discusses the main principles of the economic system to the role of the state; an offer of Abbas Mirakhor to Islamic economics. To know more deeply the Islamic economic thoughts offered by Abbas Mirakhor, from the main principles of the economic system to the role of the state in the economy. This article uses a type of qualitative research using library research. The results of this study indicate that Abbas is a practitioner of Islamic economics and finance who has a good reputation in the world, both Islam and the West and is considered a reformer in the Islamic economy, and is part of the Iqtishad school of thought. In the field of the Islamic economic system, Mirakhor argues that the main principle of the Islamic economic system requires distribution in two mechanisms, namely freedom, and justice, without which prosperity will not be realized. Therefore, there is a need for a hermeneutical approach to answering various problems that occur in the Islamic economic system. In the context of the state, according to Mirakhor, the state has a very significant role in the welfare of society, especially through its productive policies. The state must also be present in realizing justice amid society.

KEGAGALAN PRIVATISASI BUMN DI ERA REZIM ORDE BARU DALAM PERSPEKTIF EKONOMI POLITIK

Wacana Publik ◽  
2019 ◽  
Vol 12 (02) ◽  
Author(s):  
Syamsul Ma'arif
Keyword(s):  
Market Economy ◽  
Free Market ◽  
Dominant Role ◽  
The State ◽  
Early Years ◽  
New Order ◽  
Free Market Economy ◽  
Economic Sectors ◽  
Role Of The State

After had being carried out nationalization and hostility against west countries, the New Order regime made important decision to change Indonesia economic direction from etatism system to free market economy. A set of policies were taken in order private sector could play major role in economic. However, when another economic sectors were reformed substantially, effords to reform the State Owned Enterprises had failed. The State Owned Enterprise, in fact, remained to play dominant role like early years of guided democracy era. Role of the State Owned Enterprises was more and more powerfull). The main problem of reforms finally lied on reality that vested interest of bureaucrats (civil or military) was so large that could’nt been overcome. 

scholarly journals Analisis Peran Negara Di Bidang Ekonomi Dalam Prespektif Sistem Kapitalisme, Sosialisme, Dan Ekonomi Islam

2016 ◽  
Vol 1 (1) ◽  
Author(s):  
Muhammad Kambali
Keyword(s):  
Interest Rates ◽  
Conceptual Framework ◽  
Economic System ◽  
Economic Crisis ◽  
The State ◽  
Planning System ◽  
Role Of The State ◽  
The World ◽  
Low Interest Rates

The economic crisis that convolved the world economy a few years ago is the result of a series of government policies in the economic field. Starting from the Subprime Mortgage in America, the crisis eventually spreads across all sectors of the economy. As analysts say that the explosion of the current economic crisis is caused by the trend of low interest rates that are applied by the Fed. The trend of low interest rates will give rise to expectation of market to future economic situation. It is characterized by the overflow of capital expansion in all sectors, especially in property sector. Today, along with the growing mobility of capital from one country to another as part of unavoidable economic liberalization, mobility of capital, on the one hand, has spawned some of the imbalances in the life of a State. The powerlessness can not be separated from economic ideology and system on state role in the economy. Capitalism with its laissez faire brings the concept of state minimal role in the economy. In the empirical facts, it is broken by the crisis situation in 1930 and today's financial crisis. Socialism tends to carry the central role of the State in the economy through the centralistic planning system. The fall of the Soviet Union in the 1980s brought the world to a choice whether reconstructing capitalism or socialism as Fukuyama and Gidden said. On the other hand, as the new system, the economic system of Islam brings the concept of the role of the State in the economy on the basis of universal values of Islam, such as justice in the economy which is reflected in the mechanism of the prohibition of riba (usury), just income distribution and redistribution of income through zakat and social security. This article is an exposure of the State's role in the economy which is studied through the perspective of today’s economic system. The systems are capitalism, socialism, and Islam. The article not only explores conceptual framework, but also also contains an empirical framework mapping and how the conceptual framework is operated. At the end, from the two mapping (conceptual and empirical), author draws a reflection of how the State should play a role in the economic field. Keywords: Capitalism, Socialism, Islam, Economic Role of State

scholarly journals COMPARISON OF ISLAMIC ECONOMY AND CONVENTIONAL ECONOMY TO PEOPLE'S INCOME GROWTH IN REDUCING POVERTY AND UNEMPLOYMENT

2020 ◽  
Vol 1 (2) ◽  
pp. 259-274
Author(s):  
Tarmizi Tarmizi
Keyword(s):  
Economic System ◽  
Economic Systems ◽  
Economic Activities ◽  
Capitalist System ◽  
The People ◽  
Socialist Economic ◽  
Islamic Economic ◽  
Islamic Faith ◽  
The Right ◽  
Socialist Economic System

Islamic economic system is built on the foundation of the Islamic faith, the faith in question is the right because it comes from Allah brought to mankind through the prophet Muhammad. The Islamic faith is a faith that satisfies reason, reassures the soul, and is in accordance with human nature. In an individual context, economic activity is based on the values of worship. The economic system known by society globally is the capitalist and socialist economic system. In the economic context, both systems have been able to increase the prosperity of the people in the country that uses both economic systems. The capitalist system is influenced by the zeal to make the most of its profits with limited resources. This capitalist venture is supported by the values of freedom to make ends meet. This freedom resulted in high competition among others in defense, while the socialist economic system had the goal of mutual prosperity. In conclusion, the Islamic economic system is a solution economic system for various problems that have arisen, while the conventional economic system is an economic system that is widely used by various countries in the world, including Indonesia. A conventional economy is an economic system that gives full freedom to everyone to carry out economic activities.

scholarly journals The Return of the State?

2011 ◽  
Vol 19 (1) ◽  
pp. 69-91 ◽  
Author(s):  
Jacobus Delwaide
Keyword(s):  
United States ◽  
Financial Integration ◽  
Free Market ◽  
The United States ◽  
The State ◽  
Government Response ◽  
Role Of The State ◽  
Cast Doubt ◽  
Free Market Capitalism

Massive government-financed rescue operations for banking and insurance industries in the United States and in Europe, seeking to contain the financial crisis that culminated in 2008, amounted to ‘the biggest, broadest and fastest government response in history.’1This ‘great stabilisation,’ asThe Economistcalled it, resulting in ‘quasi’ or ‘shadow nationalization,’2cast doubt on the notion, fashionable at the height of the neoliberal wave, that the state was essentially on its way out, as many of its tasks and responsibilities were oozing steadily and irreversibly toward the market. The state and, by the same token, the political seemed back – with a vengeance, triggering solemn announcements of ‘the return of the state’ and ‘the end of the ideology of public powerlessness.’3Observers concurred. ‘Free-market capitalism, globalization, and deregulation’ had been ‘rising across the globe for 30 years,’ yet that era now had ended: ‘Global economic and financial integration are reversing. The role of the state, together with financial and trade protectionism, is ascending.’4Triggering a perceived ‘paradigm shift towards a more European, a more social state,’ even in the United States and in China, the crisis was seen to herald a move ‘back towards a mixed economy.’5The question, meanwhile, remained: had the state indeed withdrawn as much during the neoliberal era as is often assumed?

Analisis Peran Negara Di Bidang Ekonomi Dalam Prespektif Sistem Kapitalisme, Sosialisme, Dan Ekonomi Islam

2016 ◽  
Vol 1 (1) ◽  
pp. 16-35
Author(s):  
Muhammad Kambali
Keyword(s):  
Interest Rates ◽  
Conceptual Framework ◽  
Economic System ◽  
Economic Crisis ◽  
The State ◽  
Planning System ◽  
Role Of The State ◽  
The World ◽  
Low Interest Rates

The economic crisis that convolved the world economy a few years ago is the result of a series of government policies in the economic field. Starting from the Subprime Mortgage in America, the crisis eventually spreads across all sectors of the economy. As analysts say that the explosion of the current economic crisis is caused by the trend of low interest rates that are applied by the Fed. The trend of low interest rates will give rise to expectation of market to future economic situation. It is characterized by the overflow of capital expansion in all sectors, especially in property sector. Today, along with the growing mobility of capital from one country to another as part of unavoidable economic liberalization, mobility of capital, on the one hand, has spawned some of the imbalances in the life of a State. The powerlessness can not be separated from economic ideology and system on state role in the economy. Capitalism with its laissez faire brings the concept of state minimal role in the economy. In the empirical facts, it is broken by the crisis situation in 1930 and today's financial crisis. Socialism tends to carry the central role of the State in the economy through the centralistic planning system. The fall of the Soviet Union in the 1980s brought the world to a choice whether reconstructing capitalism or socialism as Fukuyama and Gidden said. On the other hand, as the new system, the economic system of Islam brings the concept of the role of the State in the economy on the basis of universal values ​​of Islam, such as justice in the economy which is reflected in the mechanism of the prohibition of riba (usury), just income distribution and redistribution of income through zakat and social security. This article is an exposure of the State's role in the economy which is studied through the perspective of today’s economic system. The systems are capitalism, socialism, and Islam. The article not only explores conceptual framework, but also also contains an empirical framework mapping and how the conceptual framework is operated. At the end, from the two mapping (conceptual and empirical), author draws a reflection of how the State should play a role in the economic field.

Economic rationalism in Canberra 25 years on?

2018 ◽  
Vol 54 (1) ◽  
pp. 12-17 ◽  
Author(s):  
Michael Pusey
Keyword(s):  
Public Policy ◽  
Economic Reform ◽  
Policy Process ◽  
Policy Making ◽  
Free Market ◽  
Nation Building ◽  
The State ◽  
Role Of The State ◽  
Political Project

This article, based on an edited transcript of a speech at The Australian Sociological Association (TASA) conference in Melbourne in December 2016, summarises the criticisms of ‘economic rationalism’, cum neoliberalism, that emerged from the ‘economic rationalism debate’ in Australia of the early 1990s to the present. Economic rationalism reversed Australia’s historic nation-building legacy. Free market neoliberal doctrines have captured the central Canberra policy-making apparatus and radically reduced the coordinating role of the state in most areas of public policy. Economic ‘reform’ is seen primarily as a political project led by international and domestic corporate interest groupings and aimed at the transformation of Australia’s institutions. The neoliberal orthodoxy continues to distort the policy process as it has become functionally indispensable for the process of policy making and government, despite its failing intellectual legitimacy.

scholarly journals The Return of the State?

2017 ◽  
Author(s):  
Jacobus Delwaide
Keyword(s):  
United States ◽  
Financial Integration ◽  
Free Market ◽  
The United States ◽  
The State ◽  
Government Response ◽  
Role Of The State ◽  
Cast Doubt ◽  
Free Market Capitalism

Massive government-financed rescue operations for banking and insurance industries in the United States and in Europe, seeking to contain the financial crisis that culminated in 2008, amounted to ‘the biggest, broadest and fastest government response in history.’ This ‘great stabilisation,’ as The Economist called it, resulting in ‘quasi’ or ‘shadow nationalization,’ cast doubt on the notion, fashionable at the height of the neoliberal wave, that the state was essentially on its way out, as many of its tasks and responsibilities were oozing steadily and irreversibly toward the market. The state and, by the same token, the political seemed back – with a vengeance, triggering solemn announcements of ‘the return of the state’ and ‘the end of the ideology of public powerlessness.’ Observers concurred. ‘Free-market capitalism, globalization, and deregulation’ had been ‘rising across the globe for 30 years,’ yet that era now had ended: ‘Global economic and financial integration are reversing. The role of the state, together with financial and trade protectionism, is ascending.’ Triggering a perceived ‘paradigm shift towards a more European, a more social state,’ even in the United States and in China, the crisis was seen to herald a move ‘back towards a mixed economy.’ The question, meanwhile, remained: had the state indeed withdrawn as much during the neoliberal era as is often assumed?

Sign in / Sign up

Export Citation Format

Share Document