Treatment of Consumption in Islamic Economics: An Appraisal

@article{Hasan2005TreatmentOC,
  title={Treatment of Consumption in Islamic Economics: An Appraisal},
  author={Zubair Hasan Hasan},
  journal={Comparative Political Economy: Comparative Capitalism eJournal},
  year={2005}
}
  • Z. Hasan
  • Published 2005
  • Economics
  • Comparative Political Economy: Comparative Capitalism eJournal
This paper attempts a broad appraisal of the literature on macro consumption function in Islamic economics. It starts with a brief look at the microelements of the concept and clears several cobwebs concerning wants and needs, scarcity of resources, the basket of goods, and the efficacy of utility and its maximization for consumer equilibrium. The explanations narrow down the conceptual gaps between the micro and macro level articulations of the subject. Next, the paper reviews some selected… 
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