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The Tahlil (Arabic: تَهْلِيل, tahlīl, Arabic pronunciation:), also spelled Tahleel, is a form of dhikr that involves the praising of God in Islam by saying "There is no god but Allah. He has no partner with Him" ( لا إله إلا الله وحده لا شريك له ).
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".
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The essay suggests that such differences in principle could be narrowed by progress in positive economics (1953, p. 5). The essay argues that a useful economic theory should not be judged primarily by its tautological completeness, however important in providing a consistent system for classifying elements of the theory and validly deriving ...
A society's livelihood strategy is seen as an adaptation to its environment and material conditions, a process which may or may not involve utility maximisation. The substantive meaning of 'economics' is seen in the broader sense of 'economising' or 'provisioning'. Economics is simply the way members of society meet their material needs.
The Essay has been described as different from earlier writings on economic methodology in generating a range of tightly argued, radical implications from a simple definition, for example in admitting an aspect of behaviour (rather than a list of behaviours) but not limiting the subject-matter of economics, provided that the influence of ...
Essays in Economic & Business History is an annual peer-reviewed academic journal covering economic and business history. It is published by the Economic & Business History Society. The editors-in-chief are Mark Billings (University of Exeter) and Daniel Giedeman (Grand Valley State University).