Doctor of Economics Makes Case for Replacing Capitalism With Islamic Economics

Prof. Dr. Wan Sulaiman Bin Wan Yusoff 's new book ‘Industrial Economics’ discusses theory of monopolies generating benefits under Islamic economics.

  • Share on TwitterShare on FacebookShare on Google+Share on LinkedInEmail a friendRepost This
If the men are good (Islamic men rather than economic men) even he with monopoly power will do good and give benefit to the society.

Kajang, Malaysia (PRWEB) May 13, 2014

Professor and doctor of economics, Wan Sulaiman Bin Wan Yusoff, offers an argument for Islamic economics to replace capitalism in his new book “Industrial Economics: Monopoly in Islamic Perspective” (published by Xlibris AU).

“In the theory of market structure, there is nothing wrong with monopoly, per se, but the men are wrong,” Yusoff says. “If the men are good (Islamic men rather than economic men) even he with monopoly power will do good and give benefit to the society.”

Within “Industrial Economics,” Yusoff explains his position that capitalist economics is causing inflation and increasing unemployment, a fact he says can only be corrected through the implementation of Islamic economics.

“People of the world are looking for an alternative way to solve the problem of economics through justice and fair play,” Yusoff says. “The solution is Islamic economics – no exploitation, no discrimination, no dead-weight loss of resources and no disinternal and disexternal economy of scale in the firm and industry.”

Industrial Economics
By Prof. Dr. Wan Sulaiman Bin Wan Yusoff
Hardcover | 6 x 9 in | 124 pages | ISBN 9781493133925
Softcover | 6 x 9 in | 124 pages | ISBN 9781493133918
E-Book | 124 pages | ISBN 9781493133901
Available at Amazon and Barnes & Noble.

About the Author

Prof. Dr. Wan Sulaiman Bin Wan Yusoff is the deputy director of student affairs, internationalization and alumni at the Insaniah University College in Alor Setar in the Malaysian state of Kedah.

Xlibris Publishing Australia, an Author Solutions, LLC imprint, is a self-publishing services provider dedicated to serving Australian authors. By focusing on the needs of creative writers and artists and adopting the latest print-on-demand publishing technology and strategies, we provide expert publishing services with direct and personal access to quality publication in hardcover, trade paperback, custom leather-bound and full-color formats. To date, Xlibris has helped to publish more than 60,000 titles.For more information, visit xlibrispublishing.com.au or call 1800 455 039 to receive a free publishing guide. Follow us @XlibrisAus on Twitter for the latest news.


Contact

  • Marketing Services
    Xlibris
    +61 1800455039
    Email