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All Journal PENG: Jurnal Ekonomi dan Manajemen Jurnal Manajemen, Bisnis dan Kewirausahaan
Dewi Jannati Asih Putri
Universitas Islam Negeri Jurai Siwo Lampung
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

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Analisis Perbandingan Pandangan Klasik dan Neoklasik terhadap Peran Pasar dalam Pembangunan Ekonomi Dewi Jannati Asih Putri; Dhenia Lizariani; Nova Elisa; Pradita Mawardani; Hotman Hotman
Jurnal Manajemen, Bisnis dan Kewirausahaan Vol. 5 No. 2 (2025): Agustus : Jurnal Manajemen, Bisnis dan Kewirausahaan (JUMBIKU)
Publisher : Lembaga Pengembangan Kinerja Dosen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/jumbiku.v5i2.5349

Abstract

This study aims to compare classical and neoclassical economic perspectives on the role of the market in economic development and assess their relevance in the current Indonesian development context. The research uses a qualitative approach through library research by analyzing various economic literature sources. The findings reveal that classical economics emphasizes the importance of free markets without government intervention, while neoclassical economics incorporates individual rationality, marginal efficiency, and technological progress, while allowing for limited government intervention to address market failures. Both schools of thought agree that the market plays a central role in efficiently allocating resources. These findings provide important contributions for formulating adaptive and inclusive economic policies in developing countries such as Indonesia.
Analisis Perbandingan Konsep Nilai Tukar dalam Ekonomi Konvensional dan Islam serta Implikasinya terhadap Stabilitas Ekonomi Dewi Jannati Asih Putri; M. Rafiudin Safikri; Puja Audinia Artika; Suci Hayati
PENG: Jurnal Ekonomi dan Manajemen Vol. 2 No. 3 (2025): Juli-September, Education, Economic dan Social Studies
Publisher : Teewan Journal Solutions

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62710/6nq1r472

Abstract

Currency exchange rates are important for many economic activities, including capital flows, international trade, and investment. These activities have an impact on the competitiveness of domestic goods, the welfare of individuals, and the stability of the economy as a whole. The economic system in use determines how exchange rates are handled.  The notion of exchange rates in conventional and Islamic economics, as well as its effects on economic stability, are examined in this study using a qualitative approach and a literature study methodology. Descriptive analysis is performed on secondary data gathered from different literature sources and fatwas. The results demonstrate that, in order to lower the risk of exchange rate volatility, the Islamic economy places a strong emphasis on the values of justice, the prohibition of usury, and transparent cash transactions. In contrast, the conventional economic system depends on market mechanisms and interest rate-based monetary policies that are susceptible to fluctuations and speculation.  More socially just and durable stability may be possible with this Islamic economic strategy.  Consequently, using Islamic economic concepts to manage exchange rates can be a useful substitute for preserving the stability of the national economy.
Co-Authors Dhenia Lizariani Hotman Hotman M. Rafiudin Safikri Nova Elisa Pradita Mawardani Puja Audinia Artika Suci Hayati