scholarly journals Mekanisme Pasar Dalam Perspektif Islam (Kajian Pemikiran Abu Yusuf)

2020 ◽  
Vol 2 (1) ◽  
pp. 29-46
Author(s):  
Moh Agus Sifa'
Keyword(s):  
Public Opinion ◽  
Price Level ◽  
Economic Thought ◽  
Market Mechanism ◽  
Price Formation ◽  
Market Mechanisms ◽  
On Demand ◽  
Modern Economic ◽  
The Difference ◽  
Islamic Economic

Market Mechanisms in the development of the Economy there have been many innovations carried out by modern economic figures. In this case the market mechanism that develops a lot is the difference between the modern mechanism with the mechanism of Islamic economic thought, where Islamic economic thinkers first introduced the market mechanism especially by Islamic economic thinker Abu Yusuf, recorded as the earliest scholars who began to allude to the market mechanism. In terms of market mechanism Abu Yusuf gives a different view to public opinion, where high prices do not mean there is scarcity of goods and cheap prices do not mean abundant goods, but there are other variables that determine price formation. Abu Yusuf also opposed the authorities in setting prices. But he also allows price intervention in the market in certain circumstances. Abu Yusuf said that the price level does not only depend on demand but also on the strength of supply. Therefore, an increase or decrease in the price level does not necessarily have to be related to an increase or decrease in production alone. Keywords: Market mechanism, Abu Yusuf Economic Thought

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

Market, Market Mechanism and Price Levels in Islamic Microeconomics Perspective

2019 ◽  
Vol 7 (2) ◽  
pp. 167-175
Author(s):  
Yudi Permana
Keyword(s):  
Price Level ◽  
Market Mechanism ◽  
Literature Study ◽  
Philosophical Approach ◽  
Market Mechanisms ◽  
Price Levels ◽  
Market Intervention ◽  
Principles Of Justice ◽  
The Government ◽  
Role Of The Government

This paper tries to discuss about Market, Market Mechanism and Price Levels in Islamic Microeconomics Perspective. In contrast to the conventional economy which frees the formation of price levels only on the market mechanism, determining the price level through market mechanisms in Islamic economics is based on the principles of justice in order to achieve mutual benefit (al-Mashlahah). Therefore, when inequality is detrimental to one party in a market, the role of the government in creating justice for both parties is a solution that is legitimate. This in microeconomic terminology is known as market intervention, which is carried out by the government as a step to stabilize the price level so that it does not harm one party in the market. Therefore, this study aimed to analyze the market and price levels in Islamic microeconomics with a philosophical approach. The methodology used in this study used qualitative research based on literature study. The result showed that there were some fundamental things that distinguished Islamic microeconomics from conventional in determining the price level in the Islamic market mechanism.

scholarly journals Pemikiran Ekonomi Ibnu Al-Qayyim al-Jauziyyah

2019 ◽  
Vol 4 (1) ◽  
pp. 59
Author(s):  
Zuul Fitriani Umari
Keyword(s):  
Public Sector ◽  
Islamic Law ◽  
Economic Thought ◽  
The Other ◽  
Review Of The Literature ◽  
Economic Interests ◽  
Market Mechanisms ◽  
Economic Philosophy ◽  
Islamic Economic

This article uses a review of the literature on medieval Arab professor/ economic thought Syamsuddin Abdullah Muhammad bin Abi Bakr Al Zar'i or known as Ibn Qayyim. An approach that focuses on explaining how the concept of usury is in the view of Ibn al-Qayyim al-jawziyyah. as a master of theology and translator of Islamic scriptures, he was one of the leading jurists from the Hambali school in four schools of Islamic law that emerged between the eighth and fourteenth centuries (after the other three, Hanafi, Maliki and Syafii, respectively, the names were pioneers ) There are economic ideas discussed, namely: Islamic economic philosophy, comparison and difference between wealth and poverty, economic interests of zakat, interest in usury al-fadl and riba al-nasi'ah, market mechanisms and the need for public sector intervention.

scholarly journals EVOLUTION OF SCIENTIFIC AND METHODOLOGICAL APPROACHES TO UNDERSTANDING THE ECONOMIC ESSENCE OF THE CONCEPT OF "COMPETITIVENESS"

2021 ◽  
Vol 23 (2(79)) ◽  
pp. 51-62
Author(s):  
I.V. GRYSHCHENKO ◽  
V.F. GRYSHCHENKO
Keyword(s):  
Economic Thought ◽  
Market Mechanisms ◽  
Goods And Services ◽  
Wide Range ◽  
Spatial Dimensions ◽  
Innovation Capacity ◽  
Basic Parameters ◽  
Modern Economic ◽  
Methodological Approaches ◽  
Business Entities

Topicality. The relevance of the research is because one of the main tasks to ensure sustainable economic development of Ukraine in modern economic conditions is to increase the level of competitiveness of both individual businesses and sectors of the economy (indicator 8.2, SDG 8). In addition, the number of existing approaches to the interpretation of the concept of "competitiveness" necessitates a careful selection of basic parameters for its calculation in practice, taking into account modern economic realities.Aim and tasks. The essence of the study is to systematize the main scientific and methodological approaches to the interpretation of the category of "competitiveness". Under this, the following tasks were identified: 1) to analyze the content of the category "competitiveness"; 2) to systematize the main stages of development of scientific and methodological approaches to understanding the concept of "competitiveness".Research results. Our analysis of literature sources has revealed a wide range of approaches to defining and clarifying the essence of the concept of "competitiveness". Having studied the literature on this issue, we were able to choose definitions that cover a wide range of definitions of "competitiveness" and reveal its essence through the prism of the main directions of economic thought. Currently, there is no single approach to its definition. Different researchers use the concept of "competitiveness" in different contexts and analyze it at different levels, such as international, national, regional, sectoral, local, entity level, individual product and/or service, with great differences in approaches to determining competitiveness factors in the temporal and spatial dimensions. This can lead to problems with understanding the essence of the concept of "competitiveness", measuring and calculating its specific values, and comparing them with each other.Conclusion. Most researchers theoretically describe competitiveness as a multidimensional relative concept and often associate it with market mechanisms. This concept is often considered by domestic and foreign scientists at the level of the national economy, industry, business entities, individual goods, and services very close to such concepts as ability, system, relative characteristics, opportunity, competitive advantage, result, and goal. In most cases, competitiveness can be defined as a complex indicator that covers a set of specific characteristics of the object under analysis, such as market share, productivity, and innovation capacity compared to an existing or imaginary benchmark.

scholarly journals EKONOMI ISLAM DAN KAPITALISME (Merunut Benih Kapitalisme dalam Ekonomi Islam)

2016 ◽  
Vol 7 (1) ◽  
pp. 27
Author(s):  
Choirul Huda
Keyword(s):  
International Trade ◽  
Economic System ◽  
Capital Markets ◽  
Economic Thought ◽  
Economic Life ◽  
Capitalist Society ◽  
Economic Practice ◽  
Chain Of Command ◽  
Modern Economic ◽  
Islamic Economic

A discussion of the modern economic system, usually refers to two major systems, namely capitalism based on the capital markets (capital) and guided socialism which tried to solve problems of production, consumption and distribution through the chain of command. In addition to these two major systems, also known as the Islamic economic system, which refers to the economic practice of the Prophet Muhammad, peace be upon him. Islamic economic system is an alternative to the fundamental problems of the two major systems that already exist. However, when referring to the conditions of the birth of Islam in the midst of Arab society steeped in culture trade, alleged the influence of the capitalist culture of the economic system of Islam, so Islam is perceived closer to capitalism than socialism. Through the study of literary conclusion that Islam and capitalists are the two things affect each other. Sociologically, Islam is present in a capitalist society that both have an attachment. Capitalism, especially trade capitalism existed before Islam came. Before the birth of Islam, Mecca has become the center of international trade and finance. The Prophet Muhammad himself was a merchant before it became a prophet. Thus, capitalism is an ideology or a system that comes from the outside and into the schools of economic thought incoming and economic influence of Islam, although Islam also influence and correct the economic life or Capitalism applicable. Therefore Islam and capitalism are two forces that interact and influence.<p class="MsoNormal" style="margin-bottom: 5.0pt; text-align: justify;"><em><span style="font-size: 13.0pt; font-family: 'Garamond',serif; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: major-bidi;">A discussion of the modern economic system, usually refers to two major systems, namely capitalism based on the capital markets (capital) and guided socialism which tried to solve problems of production, consumption and distribution through the chain of command. In addition to these two major systems, also known as the Islamic economic system, which refers to the economic practice of the Prophet Muhammad, peace be upon him. Islamic economic system is an alternative to the fundamental problems of the two major systems that already exist. However, when referring to the conditions of the birth of Islam in the midst of Arab society steeped in culture trade, alleged the influence of the capitalist culture of the economic system of Islam, so Islam is perceived closer to capitalism than socialism. Through the study of literary conclusion that Islam and capitalists are the two things affect each other. Sociologically, Islam is present in a capitalist society that both have an attachment. Capitalism, especially trade capitalism existed before Islam came. Before the birth of Islam, Mecca has become the center of international trade and finance. The Prophet Muhammad himself was a merchant before it became a prophet. Thus, capitalism is an ideology or a system that comes from the outside and into the schools of economic thought incoming and economic influence of Islam, although Islam also influence and correct the economic life or Capitalism applicable. Therefore Islam and capitalism are two forces that interact and influence.</span></em></p>

Factors of Price Formation for Art Objects With the Application of Text Analysis of Twitter News

2020 ◽  
pp. 114-131
Author(s):  
Elena A. Fedorova ◽  
Diana V. Zaripova ◽  
Igor S. Demin
Keyword(s):  
Text Analysis ◽  
Price Formation ◽  
Works Of Art ◽  
Art Objects ◽  
Online Resource ◽  
The Difference

This work confirmed the hypotheses about the influence of the mood index on Twitter on the pricing of art objects and the difference between the experts' estimations and the final price of the auction. The hypotheses were tested with the use of a sample of 83 paintings selected on the basis of ratings of ARTNET's online resource about the most expensive works of art ever sold in the last 10–15 years. The sample consisted of 25 artists, for each of them was made an index of moods on Twitter. This index was created by a sentimental analysis of each tweet about the artist on the hashtag for a period of 2 to 4 months between the announcements of sales in the open sources and the direct sale of the work with the use of the two dictionaries AFINN and NRC.

REVIVING ECONOMIC THOUGHT BY MANNAN PERPECTIVE

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

The Principles of Zakat and Tax Upon the Time of Rasulullah SAW.

2017 ◽  
Vol 1 (1) ◽  
pp. 90
Author(s):  
Dian Septiandani ◽  
Abd. Shomad
Keyword(s):  
Literature Review ◽  
Economic Thought ◽  
The State ◽  
The Other ◽  
Primary Data ◽  
Other Hand ◽  
Islamic Economic ◽  
General Expense

Zakat is one of principal worship requiring every individual (<em>mukallaf</em>) with considerable property to spend some of the wealth for zakat under several conditions applied within. On the other hand, tax is an obligation assigned to taxpayers and should be deposited into the state based on policies applied, with no direct return as reward, for financing the national general expense. In their development, both zakat and tax had quite attention from Islamic economic thought. Nevertheless, we, at first, wanted to identify the principles of zakat and tax at the time of Rasulullah SAW. Therefore, this study referred to normative research. The primary data was collected through library/document research and the secondary one was collected through literature review by inventorying and collecting textbooks and other documents related to the studied issue.

The Early History of Financial Economics, 1478–1776. By Geoffrey Poitras. Cheltenham and Northampton: Edward Elgar, 2000. Pp. x, 522.

2002 ◽  
Vol 62 (1) ◽  
pp. 268-269
Author(s):  
Larry Neal
Keyword(s):  
Economic History ◽  
Financial Analysis ◽  
Adam Smith ◽  
Economic Thought ◽  
Financial History ◽  
X 522 ◽  
History Of ◽  
The Difference ◽  
Wealth Of Nations ◽  
Simon Fraser University

Economic historians usually have to explain to their economist colleagues the difference between economic history, which focuses on facts, and history of economic thought, which focuses on ideas. Our colleagues in finance departments, typically fascinated by episodes in financial history treated by economic historians, are bound to be disappointed in the lack of attention given to the development of ideas in finance by historians of economic thought. Geoffrey Poitras, a professor of finance at Simon Fraser University, makes a valiant effort to remedy these oversights in his collection of vignettes that highlight the sophistication of financial instruments and analysts of financial markets well before the time of Adam Smith. Starting in 1478 with the publication of the Treviso Arithmetic, a typical textbook of commercial arithmetic for Italian merchants, and ending with brief snippets from the Wealth of Nations, Poitras treats the reader to a fascinating potpourri of excerpts from various manuals, brief biographies of pioneers in financial analysis, and historical discursions on foreign-exchange and stock markets.

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