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All Journal Airlangga Development Journal
Regas Panji Pratomo
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Social Sciences

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VALUE-BASED MANAGEMENT CAPITALISM VS SOCIALISM PROBLEMS IN THE ISLAMIC ECONOMIC: VALUE-BASED MANAGEMENT CAPITALISM VS SOCIALISM PROBLEMS IN THE ISLAMIC ECONOMIC Indrian Sasmito Adi, Handaru; Joki Hartono Tri Nugroho; Regas Panji Pratomo
Airlangga Development Journal Vol. 8 No. 1 (2024): AIRLANGGA DEVELOPMENT JOURNAL
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/adj.v8i1.56099

Abstract

The problem with both economic systems, capitalism and socialism, is that they cannot achieve the desires and aspirations of the people as actors of economic policy. Both systems prioritize profit over satisfaction or people's rights. Departing from the various problems that exist in society, the author tries to examine this problem by organizing the two Islamic economic systems. The aim is to examine the problems faced by the economic systems of capitalism and socialism in dealing with economic problems and also to see how the Islamic economic system deals with economic problems. Desk research, or "book research," is the methodology used. This is a qualitative type of research, and the data presented is more subjective and literature-focused. Unlike capitalism, which grants ownership rights over the means of production to each person, socialism does not recognize individual ownership rights and instead grants ownership rights to the collective.   Keywords: Capitalism Value Based Management, Islamic Economics, Socialism based Management
Co-Authors Indrian Sasmito Adi, Handaru Joki Hartono Tri Nugroho