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Author = Mahdavi, Ghadir

Number of Articles: 1
Economic-Juridical Analysis on the legitimacy of Compensation of devaluation in Purchasing Power of Money

Mehdi Mohammadi; Ghadir Mahdavi

Volume 18, Issue 55 , July 2013, , Pages 119-139

Abstract
  We assess the definition and functions of money in modern economic thought in order to clarify the problems arising in Islamic Economics regarding lawfulness of compensation of devaluation in purchasing power of money. Our focus is on the fact that money in current economic activities is Fiat and its ...  Read More