Money Time Value and Time Preference in Islamic Perspective
نویسندگان
چکیده
منابع مشابه
Time Value of Money and Discounting in Islamic Perspective
Contemporary research on investment behaviour in Islamic perspective, most of the time, finds it expedient to assume zero rate of time preference in an Islamic economy. The author argues that there is no justification for that. According to him, there is nothing against positive time preference or against realizing a time value of money in an Islamic framework, as long as time value of money is...
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Friedman (1950) championed a shift from a fixed exchange rate regime (Bretton Woods) to a world of central bank issued floating currencies. Following Menger (1892) and Mises (1971), we see that the exchange-value of money lies in the original use-value of a commonly accepted medium of exchange. However, actors also incorporate their inter-temporal preferences in choosing a money. Not only their...
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Vendor managed inventory (VMI) is an integrated approach for buyer–vendor coordination, according to which the vendor (supplier or manufacturer) decides on the appropriate buyer’s (retailer’s) inventory levels. The time value of money has not traditionally been considered in evaluating VMI supply chain’s total inventory cost in any studies up to now. Therefore, in the present study a new model ...
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Time preference has a peculiar role in determining the level of economic activities. Time preferenceis the most important origin of interest rate. In this paper we study the founders and defenders'viewpoints about time preference and then we try to criticize them. It seems that discounting futureutilities is resulting from irrationality and it is ethically indefensible too. From mathematical as...
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ژورنال
عنوان ژورنال: Turkish Journal of Islamic Economics
سال: 2017
ISSN: 2587-2303,2587-232X
DOI: 10.26414/tujise.2017.4.2.19-35