scholarly journals Mekanisme Pasar dan Regulasi Harga: Telaah atas Pemikiran Ibnu Taimiyah

2019 ◽  
Vol 13 (2) ◽  
pp. 182-193
Author(s):  
Junia Farma
Keyword(s):  
Government Intervention ◽  
Market Mechanism ◽  
Price Regulation ◽  
Price Determination ◽  
Demand And Supply

Islam has an essential position in the market mechanism. But, it needs some requirements to be perfect in the market. However, in reality, market distortions have occurred, it will make the injustice price determination. Rising price as a result of injustice or malpractices on the part of sellers leading to imperfection in the market. One of the Islamic scholar, Ibnu Taimiyah, explained that price is determined by the power of demand and supply. But, in the case of a rising price caused by injustice market mechanism, government intervention is needed to determined justice price. Therefore, Ibnu Taimiyah thinking about price regulation not just only give a deep analysis of what has occurred in that time, but it also can be used nowadays and reasonable to apply in the society

scholarly journals Pemikiran Al-Ghazali Tentang Mekanisme Pasar Dan Penetapan Harga

2020 ◽  
Vol 5 (1) ◽  
Author(s):  
Indra Hidayatullah
Keyword(s):  
Market Mechanism ◽  
Price Determination ◽  
Fair Price ◽  
Market Mechanisms ◽  
Demand And Supply ◽  
Goods And Services ◽  
History Of ◽  
Natural Mechanism ◽  
Important Position ◽  
Price Demand

Market, country, individual and society have always been a hot topic of economic discussion. The market is one of the economic driver in a country that has an overall success can be seen from the market mechanism that carried out. The economic real good of the country is driven by market mechanisms that uphold freedom and justice. Hence, the market is free and impartial. The operation of a market will be determined by several factors such as price, demand and supply, distribution and specialization of workers. In case those factors run according to the rules in the country, the economy in the country will be stable certainly. The market is a natural mechanism for exchanging goods and services and it has been going on since the beginning of human changes. Islam places the market in an important position in the economy. The practices during the time of Rasulullah SAW and al-Khulafa> al-Ra>shidu>n showed a large market role. Rasulullah SAW really appreciated the price that was formed by the market as a fair price. In the history of economics world, several Islamic economies have emerged that raise scientific themes about market mechanisms, such as the thought of al-Ghazali. The book Ih}ya> ‘Ulu>m al-Di>n is one of his great works and one of the major works in the Islamic library. Although there are several other works of al-Ghazali in various fields of economics but the essence of his entire essay include his discussion of economics is the book Ih}ya> ‘Ulu>m al-Di>n. It provides features and characteristics of Islam in various sciences (moral, tas}awwuf, economic and other), be one source of economics. Al-Ghazali, an Islamic scholar has socio-economics thought, rooted in a concept called “the socioeconomic welfare function”. The concept based of all his works is the concept of mas}lah}ah or social welfare, which is the concept that covers all human activities and makes close relations between individual and society. Keywords: al-Ghazali thinking, market mechanism, price determination

scholarly journals Permintaan, Penawaran Dan Keseimbangan Harga Dalam Prespektif Ekonomi Mikro Islam

2019 ◽  
Vol 4 (2) ◽  
Author(s):  
M. Dliyaul Muflihin
Keyword(s):  
Market Mechanism ◽  
Economic Behavior ◽  
Price Regulation ◽  
Eternal Life ◽  
Demand And Supply ◽  
Islamic Perspective ◽  
Life After Death ◽  
Demand Theory ◽  
Significant Difference ◽  
Balance Mechanism

In general, we believe that humans are social creatures with the need to complement each other’s lives, with each other's unlimited desires. While a Muslim is only allowed to consume halal and good. In Islamic teachings, illicit goods for consumption are not allowed to be made the basis of buying and selling or other transactions. In the demand and supply curves of Islam there are restrictions that must be done as a Muslim which is used as a basis for economic behavior. These restrictions are prohibited from making mafsadah, gharat, maisir, usury. This paper will answer the question how is the demand, supply and price balance in the perspective of Islamic microeconomics. The results of research shows that the concept of demand and supply in Islamic Islam aims to obtain prosperity or victory in the hereafter (falah) as a derivation of the belief that there is an eternal life after death, namely the after life, so that the existing budget must be set aside as provisions for the afterlife, such as alms and zakat. This means that there is a significant difference between conventional demand theory and Islamic demand theory. In conventional economics, consumers and producers have motivations that are dominated by the values of satisfaction, but in Islamic economics emphasizes only the level of need. The Islamic price balance mechanism in Islam is determined by the balance between demand and supply. This means that the price balance in the market is formed naturally, not because there is interference from the capitalist who can distort the market. This shows that the price regulation is left to the natural impersonal market mechanism. Keywords: Demand, Supply, Islamic perspective

scholarly journals Pemikiran Al-Ghazali Tentang Mekanisme Pasar Dan Penetapan Harga

2020 ◽  
Vol 5 (1) ◽  
Author(s):  
Indra Hidayatullah
Keyword(s):  
Market Mechanism ◽  
Price Determination ◽  
Fair Price ◽  
Market Mechanisms ◽  
Demand And Supply ◽  
Goods And Services ◽  
History Of ◽  
Natural Mechanism ◽  
Important Position ◽  
Price Demand

Market, country, individual and society have always been a hot topic of economic discussion. The market is one of the economic driver in a country that has an overall success can be seen from the market mechanism that carried out. The economic real good of the country is driven by market mechanisms that uphold freedom and justice. Hence, the market is free and impartial. The operation of a market will be determined by several factors such as price, demand and supply, distribution and specialization of workers. In case those factors run according to the rules in the country, the economy in the country will be stable certainly. The market is a natural mechanism for exchanging goods and services and it has been going on since the beginning of human changes. Islam places the market in an important position in the economy. The practices during the time of Rasulullah SAW and al-Khulafa> al-Ra>shidu>n showed a large market role. Rasulullah SAW really appreciated the price that was formed by the market as a fair price. In the history of economics world, several Islamic economies have emerged that raise scientific themes about market mechanisms, such as the thought of al-Ghazali. The book Ih}ya> ‘Ulu>m al-Di>n is one of his great works and one of the major works in the Islamic library. Although there are several other works of al-Ghazali in various fields of economics but the essence of his entire essay include his discussion of economics is the book Ih}ya> ‘Ulu>m al-Di>n. It provides features and characteristics of Islam in various sciences (moral, tas}awwuf, economic and other), be one source of economics. Al-Ghazali, an Islamic scholar has socio-economics thought, rooted in a concept called “the socioeconomic welfare function”. The concept based of all his works is the concept of mas}lah}ah or social welfare, which is the concept that covers all human activities and makes close relations between individual and society. Keywords: al-Ghazali thinking, market mechanism, price determination

scholarly journals PEMIKIRAN EKONOMI IBNU TAIMIYAH

2017 ◽  
Vol 2 (2) ◽  
pp. 111-127
Author(s):  
Fasiha Fasiha
Keyword(s):  
Historical Development ◽  
Economic Thought ◽  
Market Mechanism ◽  
History Of Economic Thought ◽  
Demand And Supply ◽  
Price Increases ◽  
History Of ◽  
The Government ◽  
Islamic Civilization ◽  
Economic Thinking

The development of Islamic economics can not be separated from the historical development of Islamic civilization. The study of the history of economic thought by analyzing the description of economic thinking Ibn Taymiyyah and the history of life that affect the economic thinking of Ibn Taymiyyah. According to Ibn Taymiyyah pricing by the government is good, but not absolute, because the actual prices are set by the forces of demand and supply. Another case, if the price increases caused by injustice market mechanism, the government may intervene in pricing. To achieve this purpose, it is necessary formation hisbah institutions with the aim of protecting the interests of buyers and sellers

scholarly journals Mekanisme Pasar Dalam Perspektif Ekonomi Islam

2018 ◽  
Vol 3 (1) ◽  
pp. 1
Author(s):  
Yenni Samri Juliati Nasution
Keyword(s):  
Supply And Demand ◽  
Market Price ◽  
Market Mechanism ◽  
Fair Price ◽  
Market Mechanisms ◽  
Role Of Government ◽  
Demand And Supply ◽  
Goods And Services ◽  
Important Position

The market is a mechanism for the exchange of goods and services that nature. The market price is formed by a variety of factors which later formed the demand and supply of goods and services. Consumer demand is influenced by many factors, such as price, consumer income, tastes, expectations and level <em>mashlahah</em>. Quote manufacturers also influenced by many factors, such as<em> mashlahah</em>, profits, and prices. Interaction of supply and demand will establish the balance point can be changed from the demand side or the supply, either due to the deviation of structured and unstructured deviation. Perfectly competitive market can generate a fair price for the seller and the buyer. Therefore, if the market mechanism is interrupted, then the fair price will not be achieved. Islam puts the market at an important position in the economy. And very concerned about the concept of a fair price and perfect market mechanism. So, the role of government is very important to better ensure the activities of market mechanisms as perfect as taking a policy of price intervention that is based on justice.

Mekanisme Pasar Dan Regulasi Harga Perspektif Ibn Taimiyah Dan Ibn Khaldun: Sebuah Kajian Komparatif

2019 ◽  
Vol 4 (1) ◽  
Author(s):  
Nur Muthmainnah
Keyword(s):  
World Economy ◽  
Market Mechanism ◽  
Price Regulation ◽  
Research Approach ◽  
Market Mechanisms ◽  
Ibn Khaldun ◽  
Economic Concept ◽  
Comparison Approach ◽  
Islamic Economic

The role of Islamic economics in regulating the mechanism of market activity at this time is a very important factor, for the advancement and development of world economy in general and especially for the nation of Indonesia, this now the rate of the  economy is still quite slow, after the monetary crisis in this country. As well as the regulation (determination) in the Islamic economic concept of determining is done by market forces namely the power of demand and offer. The research is the result of qualitative research that aimed answering the question of how Ibn Taimiyah thought about market mechanism and price regulation, how Ibn Khaldun thought about market mechanism and price regulation, and how the comparative analysis of Ibn Taimiyah and Ibn Khaldun's thought about market mechanism and price regulation. The research approach used a comparative descriptive or comparison approach, the data collection is done by reviewing the books.of  figures Islamic economic thinkers. The results of the research of Ibn Taimiyah and Ibn Khaldun's thought about market mechanisms and price regulation, Ibn Taimiyah and Ibn Khaldun opinion that the ups and downs of prices in the market are determined by the level of demand and offer  by a goods and prohibit the interference of any party in determining the price during the market is normal, and in the minds of the two figures there are some differences and equation in explaining about market mechanism and price regulation. Keywords: Ibn Taimiyah, Ibn Khaldun, Market Mechanism and Price Regulation

scholarly journals Les méthodes « post-keynésiennes » et l’approche post-classique

2009 ◽  
Vol 58 (1-2) ◽  
pp. 17-60 ◽  
Author(s):  
Jacques Henry
Keyword(s):  
Classical Approach ◽  
Historical Time ◽  
Price Determination ◽  
Demand And Supply ◽  
Logical Time ◽  
Explicit Reference ◽  
Materials Used

Abstract The two most basic non-metaphysical materials used by economists to erect their theoretical structures are prices and quantifies. Two visions of reality are contrasted: (a) that in which historical price determination is explained without reference to demand (Sraffa), and (b) that in which the determination of quantities in historical time is explained without explicit reference to supply (Keynes). In the neoclassical vision of reality, prices and quantities are simultaneously determined by both demand and supply in logical time. It is then argued that the "post-keynesian" appellation is misleading. What is needed is a truly post-classical approach based on the works of Keynes, Sraffa and Marx.

Market or government: who plays a decisive role in R&D resource allocation?

2019 ◽  
Vol 9 (1) ◽  
pp. 110-136 ◽  
Author(s):  
Shoufu Xu ◽  
Xuehui He ◽  
Longbing Xu
Keyword(s):  
Resource Allocation ◽  
Stock Prices ◽  
Government Intervention ◽  
Decisive Role ◽  
Market Mechanism ◽  
Market Valuation ◽  
Content Type ◽  
The Impact ◽  
The Relationship ◽  
D Investment

Purpose The purpose of this paper is to empirically investigate the impact of equity market valuation and government intervention on the research and development (R&D) investments of listed companies in China and their relationship. Design/methodology/approach Using a manually collected R&D database in the period 2007–2015, this paper constructs a sample of 6,595 firm–year observations and applies the methods of pooled OLS regressions to examine the effects of market valuation and government intervention on corporate R&D expenditures. Findings This paper finds that market valuation enhances corporate R&D investments, but there is no evidence that government intervention may significantly affect the R&D investments. Government intervention also decreases the sensitivity of corporate R&D investment to stock price, which implies that government intervention weakens the promotion of market mechanism to corporate R&D investment. Furthermore, these effects are stronger in the non-state-owned firms and the non-regulated industries. Practical implications This study suggests that the functional borders of markets and government should be reasonably defined and markets play a decisive role in resource allocation to improve corporate innovation and national innovation. Originality/value This paper provides a micro view of the relationship between market and government at the stage of transitional economy in China as well as directions for further research on the relationship between stock prices and corporate investments.

Foundations in welfare economics and utility theory: what should be valued?

2016 ◽  
Author(s):  
John Brazier ◽  
Julie Ratcliffe ◽  
Joshua A. Salomon ◽  
Aki Tsuchiya
Keyword(s):  
Health Care ◽  
Economic Theory ◽  
Resource Allocation ◽  
Economic Evaluation ◽  
Utility Theory ◽  
Government Intervention ◽  
Welfare Economics ◽  
Health Care Sector ◽  
Market Mechanism ◽  
Health Care Interventions

This chapter examines what is to be valued in economic evaluation of health care interventions. It starts by reviewing economic theory on resource allocation through the market mechanism and applying this to the health care sector. It then presents the alternative of resource allocation by government intervention and the implications this has for the use of economic evaluation and the measure of benefit. This is followed by a consideration of the welfarist foundation for a measure of health such as the QALY, and finally some non-welfarist arguments for this. The aim of this chapter is to examine what is important for the purpose of economic evaluation and, specifically, the place of the QALY measure.

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