Fairness and Ethics in Spending

Authors

  • Hassan B. Ghassan Department of Economics, Umm Al-Qura University

DOI:

https://doi.org/10.6000/1929-7092.2016.05.24

Keywords:

Consumer behavior, Spending, Ethical utility, Earning layer, Belief holding, Threshold spending, Islamic economics

Abstract

Islamic faith and the ethical dimensions of the individual and the community have a significant role in guiding economic behavior by connecting the worldly life to the hereafter. In the Islamic economics paradigm, by relating ethics to the economic behavior of spending, we exhibit the good (bad) attributes of ethical (unethical) behavior. In this paper, we contribute to developing a measure of the overspending and underspending that allows testing the presence of wastefulness and niggardliness.

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Published

2016-08-22

Issue

Section

Special Issue - Theoretical and Empirical Islamic Economics