Tag Archives: Consumerism

Economics and Pro-Social Behaviour

Salman Ahmed Shaikh A great number of empirical studies now challenge the position of conceptualising human behaviour only in the framework of a rational, utility-maximizing homo-economicus. Yet, this framework is used for the purpose of simplicity and tractability in situations … Continue reading

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Consumerism and Credit Cards: Implications for Islamic Finance

Salman Ahmed Shaikh In consumer behavior, there are two important aspects from Islamic economics perspective that must be understood. First aspect is related to the ‘choice set’ and second aspect is related to the ‘budget constraint’. Limit on Choice Set … Continue reading

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Posted in Articles on Islamic Finance | Tagged , , , , , , , , , | 6 Comments