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The Causes and Consequences of Interest Theory: Analyzing Interest through Conventional and Islamic Economics

The Causes and Consequences of Interest Theory: Analyzing Interest through Conventional and Islamic Economics

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The book explores the prohibition of interest through the lens of conventional economics and Islamic economics, evaluating Böhm-Bawerk's theory and the interpretation of Islamic economists. It is of interest to academics and students of economics and Islamic economics.

Format: Paperback / softback
Length: 168 pages
Publication date: 09 July 2022
Publisher: Springer Nature Switzerland AG


Interest has always played a significant role in the daily economic lives of individuals, and the concept of interest has garnered widespread attention from economists, philosophers, religious scholars, and policymakers. This comprehensive book delves into the issue of interest prohibition by examining it through the lens of conventional economics and comparing it with the perspectives of Islamic economists. It evaluates the influential theory of interest proposed by Böhm-Bawerk, widely regarded as the most respected and applicable theory in contemporary times. Furthermore, this book offers a thorough analysis of the current literature, making it a pioneering work in scrutinizing the interpretations of Islamic economists on the concepts of time preference and interest rate control. This book is of immense interest to academics and students specializing in economics and Islamic economics.

Interest has always played a significant role in the daily economic lives of individuals, and the concept of interest has garnered widespread attention from economists, philosophers, religious scholars, and policymakers. This comprehensive book delves into the issue of interest prohibition by examining it through the lens of conventional economics and comparing it with the perspectives of Islamic economists. It evaluates the influential theory of interest proposed by Böhm-Bawerk, widely regarded as the most respected and applicable theory in contemporary times. Furthermore, this book offers a thorough analysis of the current literature, making it a pioneering work in scrutinizing the interpretations of Islamic economists on the concepts of time preference and interest rate control. This book is of immense interest to academics and students specializing in economics and Islamic economics.

Weight: 249g
Dimension: 210 x 148 (mm)
ISBN-13: 9783030787042
Edition number: 1st ed. 2021

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