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Revisiting the theory of income and wealth distribution: A comparative study in western and Islamic economic theories

The theory of distribution has undergone a long series of formation and reformation since the classical economics era until the modern development of Islamic economics. It is one of the crucial concepts in economics as it deals with determining the nation's level of inequality and poverty. Clas...

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Main Authors:	Mohd Mazlan, Ain Nur Nadhirah, Akbar, Mohamed Aslam
Format:	Conference or Workshop Item
Language:	English English English
Published:	EKONIS-UKM Research Centre for Islamic Economics and Finance 2021
Subjects:	HB126.4 Islamic Economics HB238 Competition. Production. Wealth HB522 Income. Factor shares.Interest.Profit.Entrepreneurship
Online Access:	http://irep.iium.edu.my/91490/1/PAPER%2012%20IWIET%20CONFERENCE.pdf http://irep.iium.edu.my/91490/2/POSTER%20IWIET.jpg http://irep.iium.edu.my/91490/3/Tentative%205th%20IWIET%202021.pdf http://irep.iium.edu.my/91490/ https://www.islamic-econs.org
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spelling	my.iium.irep.914902021-09-01T01:44:08Z http://irep.iium.edu.my/91490/ Revisiting the theory of income and wealth distribution: A comparative study in western and Islamic economic theories Mohd Mazlan, Ain Nur Nadhirah Akbar, Mohamed Aslam HB126.4 Islamic Economics HB238 Competition. Production. Wealth HB522 Income. Factor shares.Interest.Profit.Entrepreneurship The theory of distribution has undergone a long series of formation and reformation since the classical economics era until the modern development of Islamic economics. It is one of the crucial concepts in economics as it deals with determining the nation's level of inequality and poverty. Classical and neoclassical economists have contributed to the mainstream concept of distribution today. Scholars like Alfred Marshall, John Bates Clark, and John Rawl will come into pictures describing the 'extended version' of the theory of marginal productivity by Adam Smith and David Ricardo. In the realm of Islamic economic thought, scholars like Baqir al-Sadr, Monzer Kahf and Shafinah Rahim attempt to bridge the knowledge with the Islamic approach with references to Shariah ruling. Some Islamic critique to the conventional theory of distribution was presented to search for the loopholes and enable room for improvement. The most recent development on the model of distributive justice and the accentuation role of al-Hisbah was proposed to develop a more conducive economic environment with a better distribution system. EKONIS-UKM Research Centre for Islamic Economics and Finance 2021-03-23 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/91490/1/PAPER%2012%20IWIET%20CONFERENCE.pdf application/pdf en http://irep.iium.edu.my/91490/2/POSTER%20IWIET.jpg application/pdf en http://irep.iium.edu.my/91490/3/Tentative%205th%20IWIET%202021.pdf Mohd Mazlan, Ain Nur Nadhirah and Akbar, Mohamed Aslam (2021) Revisiting the theory of income and wealth distribution: A comparative study in western and Islamic economic theories. In: 5th International Workshop in Islamic Economic Theory (IWIET), Virtual. (Unpublished) https://www.islamic-econs.org
institution	Universiti Islam Antarabangsa Malaysia
building	IIUM Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	International Islamic University Malaysia
content_source	IIUM Repository (IREP)
url_provider	http://irep.iium.edu.my/
language	English English English
topic	HB126.4 Islamic Economics HB238 Competition. Production. Wealth HB522 Income. Factor shares.Interest.Profit.Entrepreneurship
spellingShingle	HB126.4 Islamic Economics HB238 Competition. Production. Wealth HB522 Income. Factor shares.Interest.Profit.Entrepreneurship Mohd Mazlan, Ain Nur Nadhirah Akbar, Mohamed Aslam Revisiting the theory of income and wealth distribution: A comparative study in western and Islamic economic theories
description	The theory of distribution has undergone a long series of formation and reformation since the classical economics era until the modern development of Islamic economics. It is one of the crucial concepts in economics as it deals with determining the nation's level of inequality and poverty. Classical and neoclassical economists have contributed to the mainstream concept of distribution today. Scholars like Alfred Marshall, John Bates Clark, and John Rawl will come into pictures describing the 'extended version' of the theory of marginal productivity by Adam Smith and David Ricardo. In the realm of Islamic economic thought, scholars like Baqir al-Sadr, Monzer Kahf and Shafinah Rahim attempt to bridge the knowledge with the Islamic approach with references to Shariah ruling. Some Islamic critique to the conventional theory of distribution was presented to search for the loopholes and enable room for improvement. The most recent development on the model of distributive justice and the accentuation role of al-Hisbah was proposed to develop a more conducive economic environment with a better distribution system.
format	Conference or Workshop Item
author	Mohd Mazlan, Ain Nur Nadhirah Akbar, Mohamed Aslam
author_facet	Mohd Mazlan, Ain Nur Nadhirah Akbar, Mohamed Aslam
author_sort	Mohd Mazlan, Ain Nur Nadhirah
title	Revisiting the theory of income and wealth distribution: A comparative study in western and Islamic economic theories
title_short	Revisiting the theory of income and wealth distribution: A comparative study in western and Islamic economic theories
title_full	Revisiting the theory of income and wealth distribution: A comparative study in western and Islamic economic theories
title_fullStr	Revisiting the theory of income and wealth distribution: A comparative study in western and Islamic economic theories
title_full_unstemmed	Revisiting the theory of income and wealth distribution: A comparative study in western and Islamic economic theories
title_sort	revisiting the theory of income and wealth distribution: a comparative study in western and islamic economic theories
publisher	EKONIS-UKM Research Centre for Islamic Economics and Finance
publishDate	2021
url	http://irep.iium.edu.my/91490/1/PAPER%2012%20IWIET%20CONFERENCE.pdf http://irep.iium.edu.my/91490/2/POSTER%20IWIET.jpg http://irep.iium.edu.my/91490/3/Tentative%205th%20IWIET%202021.pdf http://irep.iium.edu.my/91490/ https://www.islamic-econs.org
_version_	1709667155136479232
score	13.211869

Revisiting the theory of income and wealth distribution: A comparative study in western and Islamic economic theories

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