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The Hisbe institution, is an official oversight body in Islamic societies that operates in accordance with the principle of enjoining good and forbidding evil to safeguard public morality and order. This institution, whose roots extend back to the time of Prophet Muhammad, has historically been endowed with administrative and limited judicial powers covering a broad spectrum from economic activities to social life. Its historical significance lies in having independently assumed the functions of

Sabahattin Zaim was an academic economist and educator who made significant contributions in the fields of labor economics, social policy, and Islamic economics in Türkiye. Born in 1926 in the town of İştip, part of Skopje in Macedonia, Zaim migrated to Türkiye with his family in 1934 and settled in Istanbul. He completed his higher education in 1947 at the Faculty of Political Sciences of Ankara University and began his academic career in 1953 at the Chair of Social Policy at Istanbul Universit

The theory of absolute advantage (English: Absolute Advantage Theory) is an economic theory that explains a country’s ability to produce a certain good or service at a lower cost and higher efficiency compared to other countries. This theory was introduced by Scottish economist Adam Smith in his 1776 work titled "The Wealth of Nations" (An Inquiry into the Nature and Causes of the Wealth of Nations). Smith’s theory challenged mercantilist thought by arguing that international trade is not a "zer

The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness is a work by award-winning author Morgan Housel, offering a deep exploration of financial behavior. First published in 2020, the book was translated into Turkish by Canan Feyyat and published in 2021 by Scala Yayıncılık. This 312-page work examines not only the economic but also the psychological and sociological dimensions of our relationship with money. About the Author Morgan Housel is a renowned writer in the field of

Conspicuous consumption, known in English as conspicuous consumption, is a form of consumption in which individuals do not merely satisfy functional needs but also seek to display their status, prestige, and economic power to others. This type of consumption is characterized by individuals showcasing goods and services not for utilitarian purposes but to gain social approval and enhance their status in the eyes of others. The concept was first systematically introduced by Thorstein Veblen in his

John Maynard Keynes argued that the fundamental cause of the 1929 Great Depression was insufficient aggregate demand and contended that these deficiencies could only be remedied through expansionary fiscal policies by the public sector. In his 1936 work, "The General Theory of Employment, Interest and Money", Keynes challenged the prevailing Classical and Neoclassical views, introducing a new approach to economics that was revolutionary in nature. For this reason, Keynes’s ideas are also referre

The Wealth of Nations (An Inquiry into the Nature and Causes of the Wealth of Nations) is a five-volume economic treatise written by Scottish philosopher and economist Adam Smith and first published in 1776. This work is regarded as a turning point in the development of economics as a scientific discipline and forms the foundation of modern economics. It is considered one of the foundational texts of the classical school of economics. Content and Core Ideas The book systematically examines topic

Tadında Ekonomi is one of the popular economics works by South Korean economist Ha-Joon Chang. Originally titled Edible Economics: A Hungry Economist Explains the World, the book was translated into Turkish by Gökçe Çakmak and published by Domingo Yayınları in October 2023. This 224-page work presents a narrative that intertwines food culture with economics. Subject The book is composed of economic essays, each structured around a specific food item. Ingredients such as garlic, acorn, banana, pa

Criminology is a scientific discipline derived from the Latin word crimen (crime) and the Greek word logos (science, study), which investigates the causes, consequences and societal impacts of crime using scientific methods. It examines biological, psychological, sociological and economic factors by analyzing the individual and social dimensions of crime. It also focuses on crime prevention, the rehabilitation of offenders and enhancing the effectiveness of the punishment justice system (like).

Experimental economics relies on controlled experiments conducted in laboratory settings to analyze how individuals make decisions within economic structures, the underlying reasoning, learning and cognitive processes behind these decisions. These experiments are used for applied purposes such as testing economic theories, supporting the development of politics and designing institution or market like. In controlled experiment environments, participants are presented with questions requiring the