This book scrutinizes the efficiency of the statist model of "Big Government". The authors develop policy prescriptions based on Sharia rules of laissez-faire economics and perfect competition within labour and capital markets. Chapters argue that economic conditions have become increasingly unmanageable in both advanced and developing countries where "Big Government" has become a stumbling block to private enterprise. The discussion explores the idea that the elimination of interest-based debt could result in fully balanced budgets, steady external trade, risk-sharing banking, stable capital markets, and deflation. The authors propose Sharia-based policy regimes for discussion and adoption, and suggest that reforms to government size, together with the liberalisation of labour and capital markets, may present a successful and sustainable alternative mode of government.
- ISBN10 3319416995
- ISBN13 9783319416991
- Publish Date 30 March 2017
- Publish Status Cancelled
- Out of Print 6 April 2017
- Publish Country CH
- Imprint Springer International Publishing AG
- Edition 2017 ed.
- Format Hardcover
- Pages 366
- Language English