This paper attempts to show how ethical piety can lead to endogenous growth through mathematical modelling.
Islamic Work Ethics as a Key Engine of Endogenous Economic Growth
Economic Lessons from Fasting in Ramadan
Fasting in the full-month of Ramadan every year teaches restraint by experiencing it. It brings humility, discipline, restraint, self-control and social consciousness about issues of hunger and deprivation. It is more powerful to share a state of being for the whole month in restraint than an hour of lighting out. It encourages solidarity and pro-social behaviour.
Reflections on Shaikh Saadi’s Thoughts
Shaikh Saadi is widely recognized as one of the greatest poets of the classical literary tradition. Here are few pearls of wisdom from his writings.
Hazards of Institutionalized Charity
When a person is helped by a co-worker, neighbour, friend or any other individual in confidentiality, the ego and self-respect of the receiving individual is not hurt or hurt as much as in receiving such benefits publicly from an institution.
Sustainable Development Goals in Post COVID-19 World Economy
It is important that debt relief and debt concessions are afforded to them so that their fiscal bleeding does not compromise work and progress on SDGs. As focus shifts to growth to regenerate employment for those who lost employment after the emergence of COVID-19, it is pertinent to not lose focus of SDGs.
Implication of Greed in Resource Conservation
Money supply can be increased out of thin air, but the non-renewable resources once exhausted cannot be brought back. Remarkably, the importance of ecology is not learnt even after repeated unsuccessful expeditions in space to search life supporting environment. An illuminating, enlightening and informative book cannot be valued just by measuring the cost of pages, printing and binding.
Need for a New Economic Framework
There is need for an economic framework that brings moderation, responsibility, conservation, dignity of life, empathy, sharing, equitable distribution and justice in society.
Spiritual Reflections from Rumi
Prepare to Meet the One, the Only One We will return to the One, to the Only One. Every moment, we come close to death and to meet the One, the Only […]
Marx, Labor Rights and Reform in Capitalism
Ever since the critique of Marx on capitalism, a lot of reforms have taken place in the practice of capitalism. These measures include i) fixing working hours, 2) avoiding discriminatory practices, 3) […]
Serving Needs through Markets
If an economy has 10 million people, then should the food be produced and distributed to the markets for all 10 million people? Most people would answer yes. It is because food […]
Islamic Economics Project 