Purpose – The purpose of this paper is to explore the origin of economics as a separate science. Design/methodology/approach – A very comprehensive approach is presented for determining the origin of economics as a science. Three kinds of inter-related issues are discussed: how to interpret...

Purpose – The purpose of this paper is to explore the status of economic analysis of laws relating to property and contracts during ancient times in India. Design/methodology/approach – Modern research tools are used to present Kautilya's ideas on contracts and property. Findings –...

Purpose – The purpose of this paper is to present Kautilya's ideas on international trade. Design/methodology/approach – A non-technical descriptive approach is followed. Findings – Kautilya implicitly proposes a theory of gains from trade and recommends imports promotion rather than...

Purpose – The purpose of this paper is to establish Kautilya as a genuine contender to be a forerunner of the neoclassical price theory. Design/methodology/approach – Rational reconstruction approach is used to present Kautilya's understanding of several most basic concepts in economics....

Purpose – The purpose of this paper is to present an analytical justification from statistical view point about why Islam has strictly forbidden interest for the humankind. Design/methodology/approach – It is a theoretical paper that looks into analytical views of justification in order to...

Purpose – The purpose of this paper is to examine how firms respond to adverse supply shocks. Design/methodology/approach – This paper examines a supply shock within the framework of Mankiw's Menu Cost Model. Findings – The analysis in this paper illustrates that the type of adverse shock...

Purpose – The purpose of this paper is to examine the role of Shari’ah compliant sustainable investing in the light of the credit crisis and catastrophic climate change. Design/methodology/approach – The paper discusses that the climate change, natural resource shortages, fuel crisis and...

Purpose – The purpose of this paper is to gain an understanding of consumer preferences and mind-set regarding the transition to using renewable energy. Design/methodology/approach – The approach taken is an experimental design of messaging (conjoint analysis). Findings – The study...

Purpose – The purpose of this paper is to examine the issue of capacity utilisation (CU) in the Nigerian economy over the last 12 years (1991-2003) with the view to determining if there has been significant improvement in CU despite changes in government policies initiated to boost the...

Purpose – The purpose of this paper is to elaborate and elucidate the experience of Malaysia in developing the Islamic financial system by explaining the different developments and methods that has been deployed since its inception in 1963 until now and how best these experience can be used in...