GOVERNMENT INTERVENTION IN DETERMINING PRICES ACCORDING TO IBN TAIMIYAH’S

Government Intervention and Information Aggregation by Prices

Governments intervene in firms’ lives in a variety of ways. To enhance the efficiency of government intervention, many researchers and policy makers call for governments to make use of information contained in stock market prices. However, price informativeness is endogenous to government policy. We analyze government policy in light of this endogeneity. In some cases, it is optimal for a gover...

Using Market Prices as a Guide for Government Intervention∗ (Preliminary and Incomplete)

Many policy proposals call for government intervention to be based on the information in market prices of firm securities. Most of these proposals ignore the fact that market prices are endogenous to government intervention. In particular, when the government takes a corrective action based on price, the price might become less informative. We review a few channels by which this may occur, and ...

Energy Prices and Alberta Government Revenue Volatility

movement according to ibn sīnā and abū al-barakāt baghdādī

according to abū al-barakāt baghdādī, time and place are a priori conditions of motion; moreover, against the peripatetic philosophers, for whom time is the measure of motion, he holds that time is the measure of existence. nevertheless, he believes that we can define motion on the basis of our intuitive non-scientific concept of time and, by so doing, we can resolve the apparent circularity of...

Optimal Government Budget Allocation According to Aggregate Welfare using Generalized Method of Moments

How should the government budget be allocated to public education, higher education, health, transportation, IT, energy, or indirect public services including expenses on laws and regulations, business governance, and tax reforms. We examine data between 1989 and 2019 of public spending and their outcomes for each affair and title. The results show that despite that number of students declined ...