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Well-Being and Fair Distribution

Beyond Cost-Benefit Analysis

Well-Being and Fair Distribution provides a rigorous and comprehensive defense of the “social welfare function” as a tool for evaluating governmental policies. In particular, it argues for a “prioritarian” social welfare function: one that gives greater weight to well-being changes affecting worse-off individuals. In doing so, the book draws on many literatures: in theoretical economics, applied economics, philosophy, and law. Topics addressed include the following: the nature of well-being and the possibility of interpersonal comparisons; the measurement of well-being via “utility” numbers; why a “prioritarian” social welfare function is more appealing than alternative forms (for example, a utilitarian, leximin, or “sufficientist” function); whether fair distribution should be conceptualized on a lifetime or sublifetime basis; and social choice under uncertainty. The book also compares the social welfare function to other, more familiar policy-evaluation methodologies -- traditional cost-benefit analysis, inequality metrics, poverty metrics, and cost-effectiveness analysis. Only the “social welfare function” provides a unified, implementable, and normatively plausible methodology that respects the most basic welfarist principles (such as the Pareto principle) and is sensitive to distributive considerations.

In doing so, the book draws on many literatures: in theoretical economics, applied economics, philosophy, and law.

Socio Economic Thoughts of Al Ghazali

Introduction Al-Ghazālī (1058-1111 C.E.), a great theologian, philosopher and Sufi (Islamic mystic), was man of erudite and a prolific Islamic scholar of philosophy and ethical values, whose writings encompass all dimensions of life with special focus on socio-economic thought. As such his discussion of economic issues emerge in the ethical perspective of human life as a whole, rather than a segregated value-neutral discipline as it appears in the contemporary economic analyses and systems. Hence his analysis is generally normative rather than positive in nature. He was one of those eminent scholars of Iran who has left indelible impact on the Muslim world through his very significant contribution to different branches of Islamic learning: Islamic jurisprudence, theology, philosophy and mysticism. Being a Sunni Scholar, he belonged to the Shāfi'ī School of Islamic jurisprudence and at the same time followed Ash'arite School of theology. While debated on Ghazali's life and contribution, the scholars were and are extensively involved in studying and examining the range of texts he had written in order to get a better picture of the man. For some people Ghazali is the great "Defender of Islam" (Ḥujjat al-Islam, ); Ḥujjat literally meaning "proof". Others blame him for damaging the rational edifice of Islamic thought in his sharp critique of Muslim philosophers such as Ibn Sina and Al-Fārābi. Al-Ghazālī was writing in the second half of the 11th and early 12th centuries which were roughly six centuries before the emergence of Mercantilism and seven centuries before Adam Smith (1723-1790 C.E), that is, roughly six to seven centuries before the beginning of economics as a separate discipline. Even then, it is interesting to note that Al-Ghazālī writings contain a good number of economic ideas, although discussed in the ethical normative perspective. This aspect of Imam Ghazālī has not been taken up in detail by any of the contemporary scholarship. The socio-economic aspects of Ghazālī's thinking can only present a bare outline, but from this we can grasp what might be called his "Islamic social welfare function" as well as his views on the role of economic activities generally. An overriding aspect throughout his works is the concept of Maṣliḥa, or social welfare or utility ("common good"), a concept which encompasses all human affairs, economic and others, and which,

While debated on Ghazali's life and contribution, the scholars were and are extensively involved in studying and examining the range of texts he had written in order to get a better picture of the man.

Practical Strategic Management: How To Apply Strategic Thinking In Business

Many theoretical as well as practical books on management theory analyze a range of subjects from strategic management to business strategy, competitive strategy, marketing management, strategic marketing, one-to-one marketing, consumer behaviorism, growth strategy, functional strategy, and technology management. In addition, there are also many how-to books on strategy formulation.But not many books on the topic are written with a step-by-step guide on making practical strategic management decisions. The author presents 15 steps that combine strategy and marketing aspects in business. The steps are presented systematically and holistically. Readers will be able to maintain the “big picture” perspective, while being able to dive deep into each step. The guide is not written for “ideal situations” in business. Much attention is given to being aware of market trends, business competition, and the limitations of resources, to be able to apply practical strategic thinking in business.

The steps are presented systematically and holistically. Readers will be able to maintain the “big picture” perspective, while being able to dive deep into each step. The guide is not written for “ideal situations” in business.

Risk Management for Islamic Banks

Recent Developments from Asia and the Middle East

Part One: Introduction. Principles of the Islamic Financial System -- The Islamic Bank and Risk Management -- Part Two: Risk Management Framework in Islamic Banking. History of Risk Management in Islamic Banking -- The Risk Management Process in Islamic Banking -- Financial Reporting and Analysis in Islamic Banking -- Part Three: Risk Management in Islamic Banking. Financing Risk in Islamic Banking -- Operational Risk in Islamic Banking -- Syari'ah Compliance Risk -- Strategic Risk -- Investment Risk in Islamic Banking -- Market Risk in Islamic Banking -- Liquidity Risk in Islamic Banking -- Part Four: Future Prospects and Challenges in Islamic Banking. Development of the Islamic Financial Market -- Development of a Pricing Model in Islamic Banking -- Pathways of Risk Management in Islamic Banks -- Future Agenda -- Part Five: Conclusion. Summary and Conclusion.

The efforts by four budding scholars to write on this topic are indeed laudable. This book discusses risk management for Islamic banks in a comprehensive manner and yet makes it easy for readers to understand.

Risk Analysis for Islamic Banks

Islamic finance is emerging as a rapidly growing part of the financial sector in the Islamic world and elsewhere. Currently, over 250 institutions in more than 45 countries practice Islamic finance and the industry growth rate is over 15% per annum.

Islamic finance is emerging as a rapidly growing part of the financial sector in the Islamic world and elsewhere.

Ethical Leadership and Decision Making in Education

Applying Theoretical Perspectives to Complex Dilemmas

The fourth edition of the best-selling text, Ethical Leadership and Decision Making in Education, continues to address the increasing interest in ethics and assists educational leaders with the complex dilemmas in today’s challenging and diverse society. Through discussion and analysis of real-life moral dilemmas that educational leaders face in their schools and communities, authors Shapiro and Stefkovich demonstrate the application of the four ethical paradigms—the ethics of justice, care, critique, and profession. After an illustration of how the Multiple Ethical Paradigm approach may be applied to real dilemmas, the authors present a series of cases written by students and academics in the field representing the dilemmas faced by practicing educational leaders in urban, suburban, and rural settings in an era full of complications and contradictions. Following each case are questions that call for thoughtful, complex thinking and help readers come to grips with their own ethical codes and apply them to practical situations. New in the Fourth Edition: A new chapter on technology versus respect, focusing on ethical issues such as cyber-bullying and sexting. New cases on teachers with guns, the military and education, children of undocumented immigrants, homeless students, videos in bathrooms, incentive pay, first responders, private alternative high schools, verbal threats, and gaming etiquette. Updates throughout to reflect contemporary issues and recent scholarship in the field of ethical leadership. This edition adds teaching notes for the instructor that stress the importance of self-reflection, use of new technologies, and global appeal of ethical paradigms and dilemmas. Easily adaptable to a variety of uses, this book is a critical resource for a wide range of audiences, including both aspiring and practicing administrators, teacher leaders, and educational policy makers.

This edition adds teaching notes for the instructor that stress the importance of self-reflection, use of new technologies, and global appeal of ethical paradigms and dilemmas.

The Ethics of Educational Management

Personal, Social and Political Perspectives on School Organization

Mapping the Risks and Risk Management Practices in Islamic Banking

Deep, insightful analysis of controversial risk management issues in Islamic banking Mapping the Risks And Risk Management Practices In Islamic Banking is a comprehensive analysis of the current state of risk management practices within the Islamic banking industry, with recommendations for policy makers, bankers, and industry stakeholders. Going beyond the academic, this book presents the opinions and perceptions of industry financiers and bankers, alongside primary information and data collected by Islamic finance professionals to deconstruct and analyze the sector's current risk management practices. You'll get up to date on the latest attitudes and trends, and delve into the current issues surrounding risk management in Islamic banks. With a focus on practical applications, this authoritative guide discusses the unique risks facing Islamic banks, from the perspective of a wide range of practitioners. Risk management is one of the biggest, most controversial issues in Islamic finance, yet it remains under-researched. Many uncertainties exist for which the answers are still unclear, yet will play a large role in shaping the industry's future. This book digs deep into current ideas and practices to discover what's being done, what needs to be done, and what needs to stop happening to keep the future of Islamic finance strong. Explore both Islamic and traditional attitudes toward risk Examine current Islamic risk management practices Understand the latest industry issues and trends Consider the diverse range of risks unique to the Islamic banking sector Effective risk management in Islamic banking deserves priority attention. Unless the industry develops its own genuine risk management architecture, it cannot achieve its full potential and the viability needed for a more resilient financial system than the debunked Wall Street model. Mapping the Risks and Risk Management Practices in Islamic Banking provides a deep, authoritative analysis of where the industry is today and where it needs to develop.

Going beyond the academic, this book presents the opinions and perceptions of industry financiers and bankers, alongside primary information and data collected by Islamic finance professionals to deconstruct and analyze the sector's current ...