Hypothesis of the Disappearance of the Limits of Improvidence and Parsimony in the Function of Consumption in an Islamic Economy
There is a rich literature about the analysis of consumption behavior from the perspective of Islamic economy. The focus of such literature has been on the incorporation of the effect of moral values on individuals’ consumption behavior. However, studies on consumption did not pay enough heed to the...
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| Format: | Article |
| Language: | Arabic |
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University of Science and Technology, Yemen
2018-04-01
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| Series: | مجلة الدراسات الاجتماعية |
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| Online Access: | https://journals.ust.edu/index.php/JSS/article/view/1312 |
| _version_ | 1818255297741848576 |
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| author | محمد أحمد حسن الأفندي |
| author_facet | محمد أحمد حسن الأفندي |
| author_sort | محمد أحمد حسن الأفندي |
| collection | DOAJ |
| description | There is a rich literature about the analysis of consumption behavior from the perspective of Islamic economy. The focus of such literature has been on the incorporation of the effect of moral values on individuals’ consumption behavior. However, studies on consumption did not pay enough heed to the analysis of the ultimate effect of faith values on the track of consumption behavior over time. This desired track of consumption involves showing certain hypotheses and probabilities. This study suggests a normative statement which includes the gradual disappearance of parsimony and improvidence over time. This disappearance would correct the deviation of actual consumption of society members from the desired moderate consumption level, so as to make households’ consumption behavior at the desired level which is consistent with Islamic Sharia. The study emphasizes the need to develop analysis and research in two integrated directions: i) conducting more empirical studies to examine the consistency of the normative statement with evidence from real situations, and ii) conducting more analysis to develop a specific measure for the desired consumption levels as well as the limits of parsimony and improvidence.
Keywords: Disappearance of improvidence and parsimony limits, Desired moderate consumption level, Actual consumption, Improvidence and parsimony consumption levels, Track of households’ consumption behavior. |
| first_indexed | 2024-12-12T17:09:38Z |
| format | Article |
| id | doaj.art-70ccac8cf2d24dcc845c10b0eaa29a78 |
| institution | Directory Open Access Journal |
| issn | 2312-525X 2312-5268 |
| language | Arabic |
| last_indexed | 2024-12-12T17:09:38Z |
| publishDate | 2018-04-01 |
| publisher | University of Science and Technology, Yemen |
| record_format | Article |
| series | مجلة الدراسات الاجتماعية |
| spelling | doaj.art-70ccac8cf2d24dcc845c10b0eaa29a782022-12-22T00:17:54ZaraUniversity of Science and Technology, Yemenمجلة الدراسات الاجتماعية2312-525X2312-52682018-04-012418711010.20428/jss.v24i1.13121152Hypothesis of the Disappearance of the Limits of Improvidence and Parsimony in the Function of Consumption in an Islamic Economyمحمد أحمد حسن الأفندي0Faculty of Commerce and Economics, Sana'a University, Sana'a, YemenThere is a rich literature about the analysis of consumption behavior from the perspective of Islamic economy. The focus of such literature has been on the incorporation of the effect of moral values on individuals’ consumption behavior. However, studies on consumption did not pay enough heed to the analysis of the ultimate effect of faith values on the track of consumption behavior over time. This desired track of consumption involves showing certain hypotheses and probabilities. This study suggests a normative statement which includes the gradual disappearance of parsimony and improvidence over time. This disappearance would correct the deviation of actual consumption of society members from the desired moderate consumption level, so as to make households’ consumption behavior at the desired level which is consistent with Islamic Sharia. The study emphasizes the need to develop analysis and research in two integrated directions: i) conducting more empirical studies to examine the consistency of the normative statement with evidence from real situations, and ii) conducting more analysis to develop a specific measure for the desired consumption levels as well as the limits of parsimony and improvidence. Keywords: Disappearance of improvidence and parsimony limits, Desired moderate consumption level, Actual consumption, Improvidence and parsimony consumption levels, Track of households’ consumption behavior.https://journals.ust.edu/index.php/JSS/article/view/1312disappearance of improvidence and parsimony limitsdesired moderate consumption levelactual consumptionimprovidence and parsimony consumption levelstrack of households’ consumption behavior |
| spellingShingle | محمد أحمد حسن الأفندي Hypothesis of the Disappearance of the Limits of Improvidence and Parsimony in the Function of Consumption in an Islamic Economy مجلة الدراسات الاجتماعية disappearance of improvidence and parsimony limits desired moderate consumption level actual consumption improvidence and parsimony consumption levels track of households’ consumption behavior |
| title | Hypothesis of the Disappearance of the Limits of Improvidence and Parsimony in the Function of Consumption in an Islamic Economy |
| title_full | Hypothesis of the Disappearance of the Limits of Improvidence and Parsimony in the Function of Consumption in an Islamic Economy |
| title_fullStr | Hypothesis of the Disappearance of the Limits of Improvidence and Parsimony in the Function of Consumption in an Islamic Economy |
| title_full_unstemmed | Hypothesis of the Disappearance of the Limits of Improvidence and Parsimony in the Function of Consumption in an Islamic Economy |
| title_short | Hypothesis of the Disappearance of the Limits of Improvidence and Parsimony in the Function of Consumption in an Islamic Economy |
| title_sort | hypothesis of the disappearance of the limits of improvidence and parsimony in the function of consumption in an islamic economy |
| topic | disappearance of improvidence and parsimony limits desired moderate consumption level actual consumption improvidence and parsimony consumption levels track of households’ consumption behavior |
| url | https://journals.ust.edu/index.php/JSS/article/view/1312 |
| work_keys_str_mv | AT mḥmdạḥmdḥsnạlạfndy hypothesisofthedisappearanceofthelimitsofimprovidenceandparsimonyinthefunctionofconsumptioninanislamiceconomy |