The book will be an essential resource for both graduate and advanced undergraduate students in economics, as well as for individual researchers seeking basic information on the theoretical background of contemporary debates. Fully illustrated and written in an accessible style, it will be an attractive to students wanting to understand the economic aspects of development and those researching in the area The new edition includes four entirely new chapters, with material on financial crises, the debates surrounding inflation targeting, and examination of the role and future of financial institutions, such as the World Bank and the IMF.
The editors argue that an Islamic monetary system, with its specific money concepts, interest-free financial institutions, and monetary policy embedded in real growth, provides a solution to this conundrum.
Contributions from many world-renowned experts consider a wide array of topics, ranging from the theoretical concepts of money and banking in conventional and Islamic economics to the historical journey of money from precious metals to plastic money and digital currency today.
The book outlines the problems that sprout from interest-based banking and multiple debt structures. It then mirrors the Islamic concepts of money as well as idiosyncrasies of its monetary policy.
Supported with meticulous research and empirical evidence, the book demonstrates the efficacy of Islamic monetary system in delivering real growth along with equitable distribution of wealth and prosperity in the economy. Organizations generally seek to maximize individual and corporate profits; however, there are other institutions that base their economic model on solidarity, based on the need to administer the resources obtained by prevailing the collective interest.
Based on principles of equity, the Social Economy , as described above, is the one that is based on the primacy of people and the common welfare over capital, where decision making is based primarily on the benefit of the workers and their contributions to the company.
In this socioeconomic initiative, equal opportunities, democracy, the insertion of people at risk of exclusion, and group unity are promoted, among other aspects, which highlight human values. Some of the agents that are organized under this economic model are associations, foundations and cooperatives. The goods that nature offers are invaluable treasures for humanity, for this reason strategies and methods must be applied that contribute to promote the preservation of the ecosystem, with the objective of healing the damages that the individual has caused until now.
The model that is currently being used is based on the use of resources by reducing the elements, this is called Circular Economy , which is inclined to promote the use of biodegradable materials in the manufacture of products for consumption, and so these, when discarded will not cause environmental damage.
Analyzing the proposal presented by this system would be fruitful for society, mainly for business people, because it would contribute to an improvement in the manufacture of their goods, thus benefiting their profitability. At a time when companies are in full swing, their production grows so much that the associated costs are reduced, in other words, the more that is manufactured the less each individual commodity costs; this is achieved as organizations increase their size.
This financial phenomenon is called Economies of Scale , and in precise terms, it refers to the power that a company acquires when it reaches its optimal production levels, in which the fixed cost of manufacturing large quantities is minimized. To carry out this process it is necessary to make large purchases of materials, establish long-term contracts, and improve technology, among others.
The advantages of this economic model imply an increase in the benefits to be obtained, an increase in the capacity of growth and investment, and a greater productive efficiency. Economies of Scale author Wilfred J. Ethier Source: Bar-Ilan University Well, this was our selection of free Economics books in PDF format. Remember that «Sharing is Caring». Microeconomics Books. Macroeconomics Books. International Economics Books.
Business Economics Books. Political Economy Books. Environmental Economics Books. Agricultural Economics Books. Open Economy Books. On that page you can find real download link. You just have to press that link and download will be started automatically. Hey Disha, links are working. Unit-1 Introduction to Economics and Economy. Unit-5 Consumer Behaviour: Cardinal Approach. Unit-7 Production with One Variable Input. Unit- 1 Perfect competition: firm and industry equilibrium.
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