... interest but considers moral factors and the will of Allah when measuring welfare. Explains how these ideas can be expressed in the accounting price of capital (for objective factors) and by Islamic welfare criteria; and how they differ from the Pareto Criterion and capitalist concepts of utility. Lists...

...Mohammed Ansari; John Roufagalas Differentiates economic welfare from general welfare and demonstrates mathematically the welfare‐indeterminacy of economic growth. Goes on to show that the Pareto criterion also fails to identify changes in social welfare, proposes a new “social Pareto criterion...