Al-Magrizi Inflation Theory Of Islamic Monetary Policy Implementation In Indonesia

During the time of Imam al-Magrizi (766-845 H), inflation had occurred in Egypt. Al-Magrizi shows about the theory of inflation. Inflation becomes a discourse that studied heavily in the subject of the economy. Al-Magrizi is an Islamic economic thought who did a particular study of money and inflation. The paper focused on al-Magrizi inflation theory caused by two factors, namely natural factors and human error factors. To solve these factors, a nation could apply Islamic monetary policy to Umar Chapra's thought, namely a credit-oriented (financing) location as a solution of natural factor theory. Also, moral suasion or moral appeals as a solution to the human factor inflation theory.

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The Monetary Thought of Two Sixteenth-Century Muslim Scholars

American Journal of Islam and Society ◽

10.35632/ajis.v25i4.411 ◽

2008 ◽

Vol 25 (4) ◽

pp. 46-60

Author(s):

Abdul Azim Islahi

Keyword(s):

Sixteenth Century ◽

Fifteenth Century ◽

Economic Thought ◽

Background Information ◽

European Monetary ◽

Ibn Khaldun ◽

History Of ◽

The Subject ◽

Islamic Economic ◽

Muslim Scholars

Muslim scholars of the sixteenth century continued the tradition of writing on economic issues. Their work, however, is characterized by the period’s overall feature of imitation and repetition and thus reflects hardly any advancement of monetary thought since the works of earlier Muslim scholars. This is clearly reflected in the two representative treatises on money: those of al-Suyuti (d. 1506), written at the beginning of the century, and of al-Tumurtashi (d. 1598), written at its end. The history of Islamic economic thought is a well-researched area of Islamic economics. To the best of our knowledge, however, all such research stopped at the end of the fifteenth century, the age of Ibn Khaldun and al-Maqrizi. The present paper seeks to advance this research and intends to investigate the monetary thought of Muslim scholars during the sixteenth century (corresponding to the hijr¥ years of 906 to 1009.) Beginning with an overview of earlier monetary thought in Islam to provide the necessary background information, it then goes on to note that particular century’s monetary problems in order to provide a perspective for the discussion of monetary thought among Muslim scholars. For the purpose of comparison, European monetary thought of the same period is also analyzed. Due to limitations of time and space, this paper concentrates on the relevant treatises and does not deal with the piecemeal opinions scattered throughout the voluminous corpus of Islamic literature. Thus, it focuses on al-Suyuti and al-Tumurtashi, as I could locate only their two exclusively monetary works. Hopefully this modest initiative will spur others to conduct more extensive research on the subject.

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The Making of Islamic Economic Thought

10.1017/9781108990813 ◽

2021 ◽

Author(s):

Sami Al-Daghistani

Keyword(s):

Conceptual Framework ◽

Economic System ◽

Moral Economy ◽

Human Science ◽

Economic Thought ◽

Moral Law ◽

Moral Self ◽

Islamic Tradition ◽

The Subject ◽

Islamic Economic

Interrogating the development and conceptual framework of economic thought in the Islamic tradition pertaining to ethical, philosophical, and theological ideas, this book provides a critique of modern Islamic economics as a hybrid economic system. From the outset, Sami Al-Daghistani is concerned with the polyvalent methodology of studying the phenomenon of Islamic economic thought as a human science in that it nurtures a complex plentitude of meanings and interpretations associated with the moral self. By studying legal scholars, theologians, and Sufis in the classical period, Al-Daghistani looks at economic thought in the context of Sharī'a's moral law. Alongside critiquing modern developments of Islamic economics, he puts forward an idea for a plural epistemology of Islam's moral economy, which advocates for a multifaceted hermeneutical reading of the subject in light of a moral law, embedded in a particular cosmology of human relationality, metaphysical intelligibility, and economic subjectivity.

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The Monetary Thought of Two Sixteenth-Century Muslim Scholars

American Journal of Islamic Social Sciences ◽

10.35632/ajiss.v25i4.411 ◽

2008 ◽

Vol 25 (4) ◽

pp. 46-60

Author(s):

Abdul Azim Islahi

Keyword(s):

Sixteenth Century ◽

Fifteenth Century ◽

Economic Thought ◽

Background Information ◽

European Monetary ◽

Ibn Khaldun ◽

History Of ◽

The Subject ◽

Islamic Economic ◽

Muslim Scholars

Muslim scholars of the sixteenth century continued the tradition of writing on economic issues. Their work, however, is characterized by the period’s overall feature of imitation and repetition and thus reflects hardly any advancement of monetary thought since the works of earlier Muslim scholars. This is clearly reflected in the two representative treatises on money: those of al-Suyuti (d. 1506), written at the beginning of the century, and of al-Tumurtashi (d. 1598), written at its end. The history of Islamic economic thought is a well-researched area of Islamic economics. To the best of our knowledge, however, all such research stopped at the end of the fifteenth century, the age of Ibn Khaldun and al-Maqrizi. The present paper seeks to advance this research and intends to investigate the monetary thought of Muslim scholars during the sixteenth century (corresponding to the hijr¥ years of 906 to 1009.) Beginning with an overview of earlier monetary thought in Islam to provide the necessary background information, it then goes on to note that particular century’s monetary problems in order to provide a perspective for the discussion of monetary thought among Muslim scholars. For the purpose of comparison, European monetary thought of the same period is also analyzed. Due to limitations of time and space, this paper concentrates on the relevant treatises and does not deal with the piecemeal opinions scattered throughout the voluminous corpus of Islamic literature. Thus, it focuses on al-Suyuti and al-Tumurtashi, as I could locate only their two exclusively monetary works. Hopefully this modest initiative will spur others to conduct more extensive research on the subject.

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HUMAN FACTOR INFLUENCE ON SYSTEMS MAINTENANCE OPERATIONS

10.7562/se2015.5.01.05 ◽

2015 ◽

Vol 5 (1) ◽

Author(s):

Ljubisa Papic

Keyword(s):

Human Error ◽

Human Factor ◽

Event Tree ◽

Key Words Human ◽

Event Tree Analysis ◽

Human Errors ◽

Initial Event ◽

Systems Maintenance ◽

The Subject ◽

Maintenance Problem

The method of cause-effect diagram is used in the subject investigation to detect and systematize human factors (human errors) that affect the results performing for the mining machines maintenance operation, i.e. sources that cause a maintenance problem. Event Tree Analysis is used as additional method in regard to cause-effect diagram. This method described certain logical events which come from primary initial event – error of maintainer. Event tree is in the subject investigation developed in order to find modes for mitigation waste (injury), rather than prevent waste. Key words: Human factor, maintenance operation, human error cause, "Swiss chese" model, event tree, human reliability prediction.

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Monetary Policy Literature in the History of Islamic Economic Thinking

International Journal of Research and Review ◽

10.52403/ijrr.20210848 ◽

2021 ◽

Vol 8 (8) ◽

pp. 349-358

Author(s):

Alfi Amalia ◽

Emma Novirsari ◽

Mutiara Shifa

Keyword(s):

Monetary Policy ◽

Aggregate Demand ◽

Economic Thought ◽

Economic Life ◽

Fiscal Policies ◽

Gold Silver ◽

History Of ◽

The Government ◽

Islamic Economic ◽

The Impact

One of the Government's strategies is to promote the welfare aspect of the community's economic life. Economic development can be carried out with various strategies. One of them is empowering the wealth of natural resources that have been created by God. The government can open mines of gold, silver, coal, kerosene, gas, tin, etc. that are stored in the bowels of the earth as a form of natural empowerment. From another dimension, to maximize the ability of the economy, the government can make monetary and fiscal policies. In this paper, the author will explain how the government's monetary and fiscal policies in economic empowerment. Broadly speaking, the Islamic version of monetary policy is different from the non-Islamic version of monetary policy. This article focuses on the discussion of monetary policy in the history of Islamic economic thought, which will discuss how monetary policy was carried out in the early days of Islamic rule, starting from the time of the Prophet, his companions, to classical and contemporary economic thinkers. The explanations and descriptions that will be presented in this article can provide benefits both theoretically and practically regarding monetary policy in classical civilization, and its suitability for the present. The method used in writing this article uses a literature review approach, is used to collect relevant information related to monetary policy in the history of Islamic economic thought, secondary data in this article is collected from various research reports in order to obtain an explanation more comprehensive. The impact of monetary policy on the economy at the beginning of the Islamic Government was seen by the increasing demand for Aggregate Demand from the community after moving to Medina by bringing together muhajirin and ansar. With this brotherhood, each ansar is responsible for the muhajirin so that the distribution of income from ansar to muhajirin increases and has an impact on increasing the total demand of the community and resulting in an increase in resources, labor, land and capital. Keywords: Monetary, Policy, Islam, Economy, Development.

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The Fractionation Properties of Human Factor VIII (Antihaemophilic Factor)

Thrombosis and Haemostasis ◽

10.1055/s-0038-1654503 ◽

1960 ◽

Vol 04 (02) ◽

pp. 253-260 ◽

Cited By ~ 1

Author(s):

Franco Gobbi

Keyword(s):

Factor Viii ◽

Human Factor ◽

Maximum Yield ◽

Factor Vii ◽

Precipitation Method ◽

Salting Out ◽

Human Factor Viii ◽

Plasma Factor ◽

Two Factors ◽

Thromboplastic Activity

SummaryThe fractionation properties of human Factor VIII (antihaemophilic factor, AHF, antihaemophilic globulin) have been studied using a plasma of congenital afibrinogenaemia as a starting material.From a fibrinogen-free plasma, Factor VIII does not precipitate with ethanol at a final concentration of 8%; on the contrary the maximum yield is reached at an ethanol concentration of 25%.With a precipitation method carried out by a one to ten dilution of plasma with distilled water and acidification by N/10 hydrochloric acid to a pFI 5.2, Factor VIII does not precipitate with the euglobulin fraction; when normal plasma is used, such a precipitation is almost complete.With the salting-out fractionation method by ammonium sulphate, Factor VIII precipitates at a concentration between 25 and 33% of saturation either from fibrinogen-free and from normal human plasma.A non-specific thromboplastic activity appears in the fractions prepared by every method. This activity, which is probably due to the activation of seric accelerators, is easily removed by Al(OH)s adsorption. Thus, in order to insure the specificity of Factor VIII assays, the preliminary adsorption of the fractions is indispensable before testing their antihaemophilic activity.Fibrinogen and Factor VIII have different and definite precipitation patterns. When these two factors are associated the fractionation properties of AHF appear quite modified, showing a close similarity to those of fibrinogen. This fact can explain the technical difficulties encountered in the attempt to purify the antihaemophilic factor, and the lack of reproducible procedures for removing fibrinogen without affecting Factor VII.

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Positive Reintegration as a Way of Small and Medium-Sized Business Development

Voprosy Ekonomiki ◽

10.32609/0042-8736-2012-6-83-88 ◽

2012 ◽

pp. 83-88

Author(s):

A. Zolotov ◽

M. Mukhanov

Keyword(s):

Policy Implementation ◽

Policy Making ◽

Economic Reforms ◽

Alternative Possibility ◽

New Approach ◽

Compensation Mechanisms ◽

Policy Making Process ◽

Monitoring And Enforcement ◽

The Subject ◽

Modernization Process

А new approach to policy-making in the field of economic reforms in modernizing countries (on the sample of SME promotion) is the subject of this article. Based on summarizing the ten-year experience of de-bureaucratization policy implementation to reduce the administrative pressure on SME, the conclusion of its insufficient efficiency and sustainability is made. The alternative possibility is the positive reintegration approach, which provides multiparty policy-making process, special compensation mechanisms for the losing sides, monitoring and enforcement operations. In conclusion matching between positive reintegration principles and socio-cultural factors inherent in modernization process is provided.

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The Priority of Democracy

10.23943/princeton/9780691151236.001.0001 ◽

2011 ◽

Cited By ~ 108

Author(s):

Jack Knight ◽

James Johnson

Keyword(s):

Decision Making ◽

Monetary Policy ◽

Political Institutions ◽

Federal Reserve ◽

Democratic Politics ◽

Institutional Choice ◽

Democratic Process ◽

Strong Case ◽

The Subject ◽

The Relationship

Pragmatism and its consequences are central issues in American politics today, yet scholars rarely examine in detail the relationship between pragmatism and politics. This book systematically explores the subject and makes a strong case for adopting a pragmatist approach to democratic politics—and for giving priority to democracy in the process of selecting and reforming political institutions. What is the primary value of democracy? When should we make decisions democratically and when should we rely on markets? And when should we accept the decisions of unelected officials, such as judges or bureaucrats? This book explores how a commitment to pragmatism should affect our answers to such important questions. It concludes that democracy is a good way of determining how these kinds of decisions should be made—even if what the democratic process determines is that not all decisions should be made democratically. So, for example, the democratically elected U.S. Congress may legitimately remove monetary policy from democratic decision-making by putting it under the control of the Federal Reserve. This book argues that pragmatism offers an original and compelling justification of democracy in terms of the unique contributions democratic institutions can make to processes of institutional choice. This focus highlights the important role that democracy plays, not in achieving consensus or commonality, but rather in addressing conflicts. Indeed, the book suggest that democratic politics is perhaps best seen less as a way of reaching consensus or agreement than as a way of structuring the terms of persistent disagreement.

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REVIVING ECONOMIC THOUGHT BY MANNAN PERPECTIVE

Rausyan Fikr: Jurnal Studi Ilmu Ushuluddin dan Filsafat ◽

10.24239/rsy.v15i2.489 ◽

2020 ◽

Vol 15 (2) ◽

pp. 353-378

Author(s):

Muhammad Majdy Amiruddin ◽

Muhammad Ismail ◽

Hasanuddin Hasim

Keyword(s):

Adam Smith ◽

Main Idea ◽

Scientific Work ◽

Economic Thought ◽

Small Contribution ◽

Literature Study ◽

Goods And Services ◽

Study Techniques ◽

Islamic Economic ◽

Modern Era

The reviving of modern economic theory is usually stated starting from the publication of Adam Smith's The Wealth of Natoins, in 1776, although other thinkers who first also gave no small contribution. The main idea put forward by Adam Smith is that competition between various suppliers of goods and buyers will produce the best possibilities in the distribution of goods and services because it will encourage everyoe to do the specialization and increase in capital so that it will produce more value with a permanent workforce. From the Islamic perspective, there are several names that commonly known such, Baqir, Umar Chapra, and Mannan. The purpose of this research is to explore the revival economic though by Abdul Mannan. This research adapts content analysis method, which is a researcher conducts a discussion of the contents of written or edition information in the mass media. The data analysis techniques of this scientific work use literature study techniques, comparative, induction, and deduction. The study began by collecting literature data from Muhammad Abdul Mannan's Concept of Thinking about the Development of Modern Era Islamic economics and Modern Era Islamic Economic concepts in general, (researchers only participated in the discussion). Then proceed with the interpretation that researchers try to understand Muhammad Abdul Mannan's thoughts about the Development of Islamic Economics in the Modern Era. The result of this reseacrh indicates that the revival of Islamic thought by determining basic economic functions that simply cover three functions, namely consumption, production and distribution. Those basics are rooted by Five basic principles rooted in Shariah for basic economic functions in the form of consumption functions are the principles of righteousness, cleanliness, moderation, benefit and morality

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