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All Journal ADILLA: Jurnal Ilmiah Ekonomi Syari'ah Investama : Jurnal Ekonomi dan Bisnis
Tri Yulia Rachmawati
STIT Muhammadiyah Kediri
Religion Arts Economics, Econometrics & Finance Education Library & Information Science Social Sciences Other

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MEKANISME PASAR DALAM PERSPEKTIF AL-GHAZALI DAN ALFRED MARSHALL: STUDI KOMPARATIF KONSEP HARGA, PERMINTAAN, DAN KESEIMBANGAN Rachmawati, Tri Yulia
Investama : Jurnal Ekonomi dan Bisnis Vol 12 No 1 (2026): Investama : Jurnal Ekonomi dan Bisnis
Publisher : Investama : Jurnal Ekonomi dan Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56997/investama.v12i1.2928

Abstract

 This study examines market mechanisms from the perspectives of two different figures: Al-Ghazali and Alfred Marshall, focusing on the concepts of price, demand, and equilibrium. The research background stems from the need to understand markets not only as technically functioning economic systems but also as social institutions requiring ethical and fair principles. The purpose of this study is to identify the similarities, differences, and relevance of Al-Ghazali and Marshall's thinking to the contemporary economic context. The method used is library research with content analysis techniques of relevant primary and secondary sources. The results show that Marshall views prices and market equilibrium as the result of the interaction of supply and demand that can be analyzed systematically. In contrast, Al-Ghazali emphasizes that price legitimacy and market stability must be within the framework of public interest, honesty, and the prevention of harmful practices such as fraud and hoarding. These findings emphasize that an ideal market mechanism must not only be efficient but also fair and oriented towards the public interest. Theoretically, this study offers a synthesis of two layers of equilibrium: technical (Marshall) and normative (Al-Ghazali). Practically, the results of this study can serve as a basis for strengthening market governance that integrates economic analysis with ethical values.
Integration of Circular Economy and Zero Waste in the Transformation of Pineapple MSMEs in Kediri towards a Sustainable Halal Value Chain Nur Azizah; Tri Yulia Rachmawati; Guslina Ekasanti
ADILLA : Jurnal Ilmiah Ekonomi Syari'ah Vol. 9 No. 2 (2026): Juli
Publisher : Universitas Islam Darul 'ulum Lamongan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52166/adilla.v9i2.13030

Abstract

This study aims to analyse the integration of the circular economy and zero-waste principles in the transformation of pineapple-based micro, small, and medium enterprises (MSMEs) in Kediri towards a sustainable halal value chain. The research addresses the persistent challenges associated with the limited implementation of sustainable waste management practices and the inadequate integration of halal values across the entire MSME production chain. A qualitative approach employing an exploratory case study design was adopted, with data collected through in-depth interviews, field observations, and documentation analysis. The findings reveal that the implementation of circular economy principles among pineapple MSMEs remains partial and fragmented, primarily reflected in the utilisation of organic waste as animal feed and compost. Meanwhile, the zero-waste concept has not yet been systematically implemented due to constraints related to knowledge, technology, and institutional support. From the perspective of the halal value chain, most business actors continue to focus predominantly on the halal status of the final product, without comprehensively integrating halal principles throughout the production, processing, and distribution stages of the value chain. This study proposes an integrative model that links the circular economy, zero waste, and halal value chain within locally based MSMEs as a strategic approach to strengthening environmental sustainability, enhancing production efficiency, and improving global business competitiveness.
Co-Authors Guslina Ekasanti Nur Azizah