Role of State in the Economy
An Islamic Perspective
SKU: 03001-2399 - Role of State in the Economy (Books - 168 pgs. - Muhammad Nejatullah Siddiqi - English, L51)

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Detailed Description:

This work visits an important subject against a background of the collapse of state-managed economies. Articles included in this collection discuss how Islam seeks to orient economic agents towards ethical conduct and socially-responsible behavior. The state is called upon to make up for moral and/or market failure to the extent possible within a framework of essential freedoms. Internalization of moral values and social concern is perceived as minimizing the need for social intervention which, nevertheless, has a place in the Islamic system. The middle road advocated by Islam is projected as a better alternative to exclusive reliance on the market, as now in vogue as a result of disenchantment with state management.


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