The book addresses common misconceptions about money by linking it directly to the goods and services sector of the economy. It also explains how central banks create money, providing clarity on the often-misunderstood processes involved in money supply and its impact on the economy. Through these insights, readers gain a better understanding of the role of money in economic systems.
Income Impact of Grameen Bank on the Rural Poor in Bangladesh
The book explores the origins and evolution of microfinance, initiated by Nobel Laureate Muhammad Yunus in Bangladesh. While Grameen Bank has operated for over 30 years, the empirical analysis reveals that its microfinance program has failed to significantly improve the income of rural borrowers. Instead, it suggests that the bank may have contributed to a "debt trap," negatively impacting the very individuals it aimed to help. This critical examination challenges the effectiveness of microfinance as a tool for poverty alleviation in rural Bangladesh.
Differences between Islam and the Western Politics
The book challenges Samuel Huntington's notion of a "clash of civilizations," arguing instead that cultural conflicts have been intrinsic to human history. It positions Islam, revealed to the Prophet Muhammad in the 7th century, as a guiding light (Noor) in contrast to what it describes as the darkness (Jaheliyah) of other paths. The author critiques Western democracy as hypocritical and morally flawed, asserting that Islamic politics embodies justice and ethical values. Ultimately, it claims that the conflict between Islam and the West stems from fundamentally incompatible cultural frameworks.
Macroeconomics for Business Students
Focusing on the unique needs of business students, this book addresses the gap in economics education tailored specifically for them. It emphasizes practical knowledge over rigorous theoretical discussions, recognizing that business graduates require a glossary of relevant concepts rather than in-depth studies of every discipline. This compilation aims to equip future managers with essential economic principles that directly apply to business administration, providing a resource that enhances their understanding and effectiveness in managing organizations.
The Great Recession increased public debts across the globe and has thus reinvigorated the debate over social safety nets. Provision of social safety nets is often cited as one of the main reasons for the recent growth in public debt. In Formal and Informal Social Safety Nets, Ashraf analyses the role of social safety nets in a time when our global economy threatens our way of life, as entire cities such as Detroit are declared bankrupt. By dividing safety nets into two major categories, 'informal social safety nets' and 'formal social safety nets,' in conjunction with empirical evidence based on in-depth statistical analyses of data, Ashraf argues that government-provided, tax-funded formal social safety nets are not only essential for a modern economy, but may even promote innovation and economic growth and development.
This volume features contributions from the International Conference in Algebra and Its Applications held at Aligarh Muslim University, India, from November 12-14, 2016. Expert referees have curated this extensive collection, showcasing the latest advancements in algebra and its applications. Key topics include derivations in rings, category theory, Baer module theory, coding theory, graph theory, semi-group theory, HNP rings, Leavitt path algebras, generalized matrix algebras, the Nakayama conjecture, near ring theory, and lattice theory. The authors are distinguished international scholars and researchers in their fields. The contents cover a variety of specialized subjects, such as the structure of ∗-prime rings with generalized derivations, additive mappings in rings with involution, skew constacyclic codes, and generalized total graphs of commutative rings. Additional topics include differential conditions for commutativity in near-rings, generalized skew derivations on Lie ideals, properties of projective ideals in differential polynomial rings, and actions of generalized derivations in rings and Banach algebras. The volume also addresses the Nakayama conjecture, separability in algebra and category theory, and the properties of CESS-lattices, among others, reflecting the diverse and dynamic nature of contemporary algebra research.