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The essential relevance of Islamic economics to the Indian situation does not lie in its formal association with a certain religion but in its values, principles and goal. Its central concern is man, the wholesome and balanced growth of his total personality. It believes that the equitable and efficient management of resources is possible only when an individual’s total behaviour, both economic and otherwise, is subjected to and conditioned by moral and ethical ...
The book comprises selected papers presented to the Islamics Economics Seminar jointly sponsored by the International Institute of Islamic Thought (Washington) and Economics Discipline council USA. These studies make significant contribution to the ongoing effort to incorporate Islamic Values in selected areas of economic theory such as the theory of consumer behaviour, and attempt to fashion alternative economic models. The authors have shown a brilliant grasp ...