This book examines the methodological development of the principles of Islamic political economy in its theoretical and applied aspects. This is carried out in a general equilibrium framework using the theory of social choice. Thus a comparative study is also undertaken here in these areas while developing the theory of Islamic political economy.

Acknowledgements - Introduction - Islamic Economic Thought in Comparative Perspectives: Toward an Islamic Theory of Value - Ethico-economic Social Welfare Function of the Islamic Economy - A Theory of Cost-benefit Analysis in Islamic Economics - A Theory of 'Mudarabah', the Islamic Profit-sharing System under Economic Co-operation - Resolution of the Great Economic Problems in Contemporary Times in Islamic Economic Perspectives - The Analytics of the Islamic Macroeconomics System - Macroeconomic Relations in the Islamic Economy: Experimental Case Study for Malaysia, 1970-85 - Islamic Policy Conclusions on the Malaysian Macroeconomy - Arabic Terminology - Notes - Index