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The causes and consequences of interest theory : analyzing interest through conventional and Islamic economics / Cem Eyerci.

3030787028 (electronic book)
9783030787028 (electronic bk.)
303078701X
9783030787011

Cham, Switzerland : Palgrave Macmillan, [2021]

English

1 online resource

10.1007/978-3-030-78702-8 doi

HB172.5 .E94 2021

332.8

Interest has always been a part of humans' daily economic life, and the concept of interest has attracted intense attention from economists, philosophers, religious scholars and lawmakers. This book analyses the issue of prohibition of interest through the lens of conventional economics and then makes a comparison with the position of Islamic economists. It evaluates the theory of interest presented by Bohm-Bawerk, which is the most respected and applicable theory at present. It provides an in-depth analysis of the current literature, and it is the first book to scrutinize the interpretation of Islamic economists on the concepts of time preference and interest rate control. This book will be of interest to academics and students of economics and Islamic economics. Cem Eyerci is an Advisor at the Central Bank of the Republic of Turkey. Previously, he managed the Banknote Printing Plant and Human Resources Department as Executive Director, and Statistics Department as Deputy Executive Director. Before joining Central Bank, he worked at the Turkish Statistical Institute as Head of the Department of Business Statistics, Regional Manager, and Expert. Cem received his Ph. D. from Ankara Yldrm Beyazt University in Economics.

Includes bibliographical references and index.

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Online resource; title from digital title page (viewed on August 10, 2021).

Print version: 9783030787011
Causes and consequences of interest theory

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