What is it about?
To ease the negative impact of food price, local government uses many policy tools. One of these tools is pure open market. Local government tends to distribute food stocks to market when its price soars. This paper aims to analyze this tool form Islamic economic perspective. Has this tool in line with Islamic economic thought? This paper answers this question and other relevant ones.
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Why is it important?
Analyzing local government policy is often conducted using common theory in social sciences. However, approaching such policy using Islamic economic perspective can be considered limited. This paper contributes to body of knowledge in this context.
Perspectives
I hope this paper invites more brighter minds in Islamic economics to analyze daily policies by government to enhance our understanding on how Islamic values can contribute to society.
Yuli Andriansyah
Islamic University of Indonesia
Read the Original
This page is a summary of: Role of Government in Keeping Price Stability Through Pure Market Operation From an Islamic Economic Perspective, January 2021, Atlantis Press,
DOI: 10.2991/aebmr.k.210305.045.
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