Advertisement

Exchange

  • Seyed Kazem Sadr
Chapter
Part of the Political Economy of Islam book series (PEoI)

Abstract

The processes of market exchange and the necessary conditions for efficiency are discussed in this chapter with the help of the Edgeworth box diagram and the contract curve. Also, the effect of policies and measures that were implemented by the Prophet of Islam (SAAS) on the initial distribution of wealth, and the impact of market ethics and rules of exchange on the efficiency of market price determination and income distribution among the Muhajerin (immigrants) and the Ansar (helpers) is also discussed. The chapter will conclude by showing the effect of Islamic property rights on the relative shares of factors of production.

Keywords

Indifference Curve Income Share Initial Allocation Contract Curve Production Possibility Curve 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

References

  1. Ahmadi Mianaji. 1361/1982.Osul Malekiat dar Islam, Daftar Entesharat Islami, Qom.Google Scholar
  2. Ayati, Muhammad Ebrahim. 1359/1980. History of Islam, ed. Abolghasem Gorji (in Persian). Tehran: Tehran University Press.Google Scholar
  3. Biazar-Shirazi, Abdul-Karim. 1368/1989. Nezam Eqtisad Islami dar Asr Payambar, Internatinal Islamic Conference, Azzahra University. Tehran: Daftar Nashr Islami.Google Scholar
  4. Al-Kattani, Abd al-Haiy, n.d., Nedham al-Hokumat an Nabawiah, Dar Ihia at Torathul-al Arabi, Beirut.Google Scholar
  5. Sadr, Seyed Kazem. 1362/1983. Ehtekar az Didgah Feqh va Iqtisad, Entesharat 22 Bahman. Qom.Google Scholar
  6. Shehabi, Mahmood. 1357/1978. Advar Feqh, 3rd printing. Tehran: Tehran University.Google Scholar
  7. Waqedi, Muhammad Bin Omar. 1361/1982, 1362/1983, 1366/1987 [vols. 1,2,3, respectively] (Maghazi translated by Mahmood MahdaviDamghani), Markaz Nashr Daneshgahi. Tehran: University Publications Center.Google Scholar

Copyright information

© The Editor(s) (if applicable) and The Author(s) 2016

Authors and Affiliations

  • Seyed Kazem Sadr
    • 1
  1. 1.INCEIF—The Global University of IslamiKuala LumpurMalaysia

Personalised recommendations