Yıl 2018, Cilt 4, Sayı 2, Sayfalar 33 - 42 2018-07-31

An Islamic Approach To Consumption Theory

Serkan DİLEK [1] , Orhan KÜÇÜK [2] , Sefa IŞIK [3] , Fatih ÇAKMAK [4]

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Western originated economic theory suggests that homo economicus individuals have unlimited needs and they are insatiable. In ordinal utility theorem as human consume more they will capture higher total utility. There is no limit in consuming goods or services for rational individuals except their budgets. However, in reality if individuals consume more than optimal level they will suffer. Holy Quran and Islamic rules advises households to use only necessary amount of goods. Indıvıduals should spend for necessary amount of goods. The rest of their budget should be spent in the way of ALLAH. Indıfference curve approach can’t explain the situation in which individuals consume excess amount of goods. Zakat and institution alms are not located in western originated economic theory. In this study we use new tools to explain individuals will suffer from excess amount of consumption. Bliss point and indifference circles are used in our approach and by the help of these tools we can explain Zakat and institution alms. So this will contribute to develop Islamic economic theory.
Islamic Economy, Indıfference Circles, Consumption Theory, Bliss Point
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Birincil Dil en
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Yazarlar

Yazar: Serkan DİLEK

Yazar: Orhan KÜÇÜK

Yazar: Sefa IŞIK

Yazar: Fatih ÇAKMAK

Bibtex @araştırma makalesi { ijisef452581, journal = {International Journal of Islamic Economics and Finance Studies}, issn = {2149-8393}, eissn = {2149-8407}, address = {Politik Ekonomik ve Sosyal Araştırmalar Merkezi}, year = {2018}, volume = {4}, pages = {33 - 42}, doi = {10.25272/ijisef.452581}, title = {An Islamic Approach To Consumption Theory}, key = {cite}, author = {DİLEK, Serkan and KÜÇÜK, Orhan and IŞIK, Sefa and ÇAKMAK, Fatih} }
APA DİLEK, S , KÜÇÜK, O , IŞIK, S , ÇAKMAK, F . (2018). An Islamic Approach To Consumption Theory. International Journal of Islamic Economics and Finance Studies, 4 (2), 33-42. DOI: 10.25272/ijisef.452581
MLA DİLEK, S , KÜÇÜK, O , IŞIK, S , ÇAKMAK, F . "An Islamic Approach To Consumption Theory". International Journal of Islamic Economics and Finance Studies 4 (2018): 33-42 <http://dergipark.gov.tr/ijisef/issue/38835/452581>
Chicago DİLEK, S , KÜÇÜK, O , IŞIK, S , ÇAKMAK, F . "An Islamic Approach To Consumption Theory". International Journal of Islamic Economics and Finance Studies 4 (2018): 33-42
RIS TY - JOUR T1 - An Islamic Approach To Consumption Theory AU - Serkan DİLEK , Orhan KÜÇÜK , Sefa IŞIK , Fatih ÇAKMAK Y1 - 2018 PY - 2018 N1 - doi: 10.25272/ijisef.452581 DO - 10.25272/ijisef.452581 T2 - International Journal of Islamic Economics and Finance Studies JF - Journal JO - JOR SP - 33 EP - 42 VL - 4 IS - 2 SN - 2149-8393-2149-8407 M3 - doi: 10.25272/ijisef.452581 UR - http://dx.doi.org/10.25272/ijisef.452581 Y2 - 2018 ER -
EndNote %0 Uluslararası İslam Ekonomisi ve Finansı Araştırmaları Dergisi An Islamic Approach To Consumption Theory %A Serkan DİLEK , Orhan KÜÇÜK , Sefa IŞIK , Fatih ÇAKMAK %T An Islamic Approach To Consumption Theory %D 2018 %J International Journal of Islamic Economics and Finance Studies %P 2149-8393-2149-8407 %V 4 %N 2 %R doi: 10.25272/ijisef.452581 %U 10.25272/ijisef.452581
ISNAD DİLEK, Serkan , KÜÇÜK, Orhan , IŞIK, Sefa , ÇAKMAK, Fatih . "An Islamic Approach To Consumption Theory". International Journal of Islamic Economics and Finance Studies 4 / 2 (Temmuz 2018): 33-42. http://dx.doi.org/10.25272/ijisef.452581