Tag Archives: Market Economy

Methodological Framework for Studying Consumption in Islamic Economics

Salman Ahmed Shaikh There is considerable debate in Islamic economics literature on what shall be the correct response and attitude towards mainstream economics methodology. There are three varied responses among Islamic economists regarding the issue. The first response is to … Continue reading

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Critical Questions on Marxian Economics

Salman Ahmed Shaikh Marx said that labor creates surplus value in production process which the capitalists extract in exchange. The surplus accumulates and this is exploitation of labor by capitalists. However, we note few observations below. First, the payoffs to … Continue reading

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