Economics

Islamic Economy VS Capitalism

*Capitalism practised in developing countries causes approximately 50-80%  of the population owns only 20% of the countries’ wealth* The whole world is particular about economy which is considered as the main source of life. Every nation and every country strive hard to strengthen their economic situation. When the economy of a […]

Why Islamic Economics Is a Game Changer in the Modern Era

Islamic economics plays a crucial role in addressing contemporary challenges such as inflation, economic crises, and poverty Written by Redaksi IAEI January 13, 2025 Islamic economics merges financial principles with ethical values and social justice, providing an alternative to conventional systems focusing solely on profit maximization. Rooted in historical Islamic traditions, […]

Why and How Economics Must Change

Jayati Ghosh March 2024 Credit: ANDRE LAAME/SEPIA English  Economics needs greater humility, a better sense of history, and more diversity The need for drastic change in the economics discipline has never been so urgent. Humanity faces existential crises, with planetary health and environmental challenges becoming major concerns. The global economy […]

Third World debt

Also known as: debt of developing countries, developing-world debt Written by Stephen R. Hurt Fact-checked byThe Editors of Encyclopaedia Britannica Article Historyalso called:developing-world debt or debt of developing countries Third World debt, debt accumulated by Third World (developing) countries. The term is typically used to refer specifically to the external debt those countries owe to […]

BREAKING THE DEBT SUPERCYCLE

ATIF MIAN MARCH 2024 CREDIT: ANDRE LAAME/SEPIAENGLISH  Dependence on credit to boost demand imperils the world economy—we must correct the underlying imbalances Nature requires balance—between predator and prey in the jungle, between the push and pull of planets in orbit, and so on. The economic system is no different; it […]