economics

  1. The Economic School You've Never Heard Of

    The Economic School You've Never Heard Of
    Mainstream economics is under heavy pressure. Consistently wrong policies and forecasts have damaged the field dubbed “the dismal science.” But what do critics propose should supersede the prevailing neo-Keynesian and neoclassical schools? Almost all alternative economists are calling for more government involvement to “fix” the free market and make it work better. But there is one school of economics, once prevalent in academia...
  2. Islamic banks; Are we discussing the real issue?

    This week alone, I came across a few articles and tutorial videos from prominent figures in our country. One side was arguing that the aqad of specific transactions practiced by most Islamic banks are prohibited or haram, while the other side is advocating the current practice of Islamic banking. Unfortunately, none of the scholars ever mentioned the problem lies with...
  3. US dollar showing weakness amid confusion over Trump’s policies

    US dollar showing weakness amid confusion over Trump’s policies
    NEW YORK, 1 Feb 2017: The US dollar tumbled yesterday, headed for its worst start to a year in three decades, while stocks dipped as president Donald Trump added uncertainty to the market following stringent curbs on travel to the US from seven Muslim-majority countries. Comments from Trump’s top trade adviser Peter Navarro that Germany was using a “grossly undervalued”...
  4. Worthless Paper - Zimbabwe (The Chaos of Zimbabwe's Multicurrency Regime)

    Worthless Paper - Zimbabwe (The Chaos of Zimbabwe's Multicurrency Regime)
    By: Farhah Aziz Zimbabwe; a landlocked country known for Victoria Falls, Robert Mugabe and indeed the hyperinflation crisis. Who hasn’t heard of the infamous phase of hyperinflation crisis plaguing the country in the late ‘90s stretching into early 2000s? The annual inflation rate was indeed extremely staggering with a record high, 500 billion per cent as of 2009, ranked the...

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