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All Journal Indonesian Management and Accounting Research Journal of Critical Realism in Socio-Economic (JOCRISE)
Rodney Shakespeare
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Religion Humanities Economics, Econometrics & Finance Social Sciences

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Paradigm for a Riba-free Economy Rodney Shakespeare; Sofyan Harahap; Talib Warsi
Indonesian Management and Accounting Research Vol. 10 No. 2 (2011)
Publisher : Universitas Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1093.829 KB) | DOI: 10.25105/imar.v10i2.1301

Abstract

The world's political and economic tectonic plates are shifting. The old paradigm of mainstream neoclassical economics is collapsing. Paradigmatic revolution is in the air. But what form should paradigmatic revolution take? Western 'free market' finance capitalism is the main cause of present problems and so must be rejected: and also rejected is communism/socialism which abhors Allah, is politically oppressive, and is materially inefficient. The answer lies with genuinely independent nations which have economies free from fiba. These new economies will possess their own money supply and will not rely upon financial capital coming from abroad. Eschewing riba-interest (and interest-equivalents as in forms of Islamic banking), they will be based upon the use of national bank-issued interest-free loans which can be administered by the banking system (imposing only a charge for administration). These loans are for the development and spreading of productive (and associated consuming) capacity to every individual in society. The result is a proper balance of supply and demand (as is required by Say's Theorem) and a forwarding of social and economic justice. The new economics also founds new political, social and environmental solutions.
Ideas: Critical Realism of Moral-Material Complementarities Rodney Shakespeare
Journal of Critical Realism in Socio-Economics (JOCRISE) Vol. 1 No. 4 (2023): Critical Realism of Moral-Material Complementarities
Publisher : University of Darussalam Gontor Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/jocrise.v1i4.44

Abstract

This section of JOCRISE is devoted to briefly ventilate innovative ideas on diverse perspectives of socio-scientiᢚc theories in general and developing economies particularly, for the common wellbeing of global holism. Writers may contribute ideas in this space for readers to gain theoretical, academic, and institutional insights
Co-Authors Sofyan Harahap Talib Warsi