Purpose The article examines Sheikh Ahmad Khatib Al-Minangkabauwi's initial concept of paper money, which in the early 20th century wrote Risala Raf'u Al-Iltibas. Design/methodology/approach This paper uses a qualitative approach based on the critical extraction analysis that can reveal a set of...

In the late 1990s, as economists looked back the development period in Africa since 1970s, they put forward the notion “African growth tragedy” , meaning that Africa's poor growth and resulting low income is associated with low schooling, political instability, underdeveloped financial...

Drawing on insights of current and past editors of top economics and finance journals, we provide guidelines for reviewers in preparing referee reports and cover letters for journals. Peer review is fundamental to the progress of science and we believe that fundamental changes in reviewing...

Peer review is fundamental to the efficacy of the scientific process. We draw from our experience both as editors, authors and association representatives to provide a set of guidelines for referees in preparing their reports and cover letters to journal editors. While our document is directed...

One approach to analyzing inequality is to compare average economic choices from a classical theoretical framework. Another approach considers the impact of the formation of society, through statutes and institutions, on average economic outcomes. This paper studies the effects of slavery on...

This guide gives tips on how to do (quantitative) research and on how to write it up. These insights seem to hold throughout all (social) sciences. I illustrate them using examples from finance and economics. My main goal is to save budding researchers time by preventing them from doing bad...

This guide gives tips on how to do (quantitative) research and on how to write it up. These insights seem to hold throughout all (social) sciences. I illustrate them using examples from finance and economics. My main goal is to save budding researchers time by preventing them from doing bad...

This article reviews an English translation of "First Principles of Islamic Economics" (Leicester: Islamic Foundation, 2011) by Maulana Sayyid Abu'l A‘la Maududi (1903-1979), a foundational document of the field, that was published in Urdu in 1969. After a brief Introduction the selections in...

The current crisis has triggered significant debate concerning economic theory and policy. Largely absent from this debate is an informed discussion of the methods used by economists in analysing the economy and formulating their proposals. But method matters. Here I argue that current academic...

Over the past two decades there has been a revival of Georg Friedrich Knapp's "state money" approach, also known as chartalism. The modern version has come to be called Modern Money Theory. Much of the recent research has delved into three main areas: mining previous work, applying the theory to...