Islamic Economics

Islamic Economics

A Model for the Otherworldly Producer's Behavior

Document Type : Original Article

Author
Morteza Ezzati
Abstract
The producer's behavior is one of the major theoretical challenges in connection with religion's effect on the economy. Some theories have been proposed in this respect. But they suffer from some deficiencies as well. Reminding the producer's motive and goal, and giving a framework consistent with religion, this article tries to analyze and explain the effect of belief in the otherworldly life on the producer's behavior.
This article falls under the theorizing category, and the utilized analytical method here is the logical one besides mathematical and engineering analysis. Its findings include explicating the effect of religious beliefs on the producer's behavior, how to determine the equilibrium state and the optimal output size.
 
Keywords
Producer
Otherworldly life
Islamic economics
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