Boycotts are more effective when boycotting consumers make up a large market segment, have substitutes and when consumers can boycott for long.
Economics of Boycott
Climate Crisis Mitigation – Maqasid Al-Shariah Framework in Islamic Economics
Human behaviour, consumption and business activities have been identified as the main cause of the climate crisis the earth is facing at present, having seriously detrimental effects on the earth’s bio capacity to sustain life. These effects, referred to as anthropogenic impacts, are causing degradation of the globally shared public resource known as natural capital.
Reflections from Al-Ghazali
Reflections from Al-Ghazali
Excerpts from A Treasury of Ghazali
Published by Kube Publishing and Distributed in Pakistan by Institute of Policy Studies Press
Islamic Work Ethics as a Key Engine of Endogenous Economic Growth
This paper attempts to show how ethical piety can lead to endogenous growth through mathematical modelling.
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.
Islamic Economics Project 