Abstract
AbstractThe paper attempts to analysis the concept of market mechanism in Islamic view as developed by the Muslim scholars. The ideas of Muslim scholars are at large remained unexplored who had offered rather detailed and sophisticated discourse on market and pricing mechanism. Our study is confined to the ideas of following representative personalities such as Abu Yusuf, al-Ghazali, Ibn Taimiyah and Ibn Khaldun. The paper concludes with the note that considerable ideas on the market and pricing mechanism were found with the Muslim scholars long before the mid-eighteenth century, and that the views of Islamic writers were far detailed and clear. This requires reconsideration on Schumpeter’s statement about mechanism of pricing that nothing worth mentioning existed before the middle of eighteenth century. Especially the contribution of the Arab-Islamic scholars to economic thought be rehabilitated in the science of economics for the sake of doctrinal continuity as well as objectivity.
Highlights
Artikel ini bertujuan melakukan studi dan analisis mengenai konsep mekanisme harga pasar dalam pandangan Islam
Schumpeter dikatakan “As regards the theory of the mechanism of pricing there is very little to report befor the middle of the eighteenth century...”
Abu Yusuf mengatakan, bahwa: There is no definite limit of cheapness and expensiveness that can be ascertained
Summary
Artikel ini bertujuan melakukan studi dan analisis mengenai konsep mekanisme harga pasar dalam pandangan Islam. Sehubungan dengan hal tersebut dalam tulisan ini akan disajikan hasil pemikiran beberapa sarjana Muslim berkenaan dengan mekanisme pasar, diantara sarjana tersebut adalah: (1) Abu Yusuf; (2) Al-Ghazali; (3) Ibn Taimiyah; dan (4) Ibn Khaladun. Berdasarkan pandangan di atas, Abu Yusuf mengatakan bahwa ada beberapa alasan lain yang juga mempengaruhi, namun dia gagal menjelaskan secara tuntas.
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