PEMIKIRAN EKONOMI ISLAM KLASIK TENTANG MEKANISME PASAR DAN REGULASI HARGA MENJELANG BULAN RAMADHAN

Abstract

The increase in the price of basic necessities before the month of Ramadan is an event that occurs every year, a rapid surge in the price of goods because the demand for goods continues to increase while the supply of goods is relatively fixed or inadequate. The impact on the lives of all people, especially on the increasing prices of basic necessities. The purpose of this research is to find out the thoughts of classical economists regarding market mechanisms and price regulation. Qualitative research with literature method (Library Research). Data analysis techniques use data reduction stages, and data verification. The results of this study show that classical economists such as Abu Yusuf, Al-Ghazali, Ibn Khaldun and Ibn Taymiyyah agreed that price determination is determined by a competitive market mechanism based on supply and demand. However, when there is a scarcity of goods due to natural disasters, monopolies and others that cause market distortions, then government intervention is needed to protect the interests of the community and maintain market balance. He also agreed that normal pricing should be left to the market mechanism based on the law of supply and demand. This is because government interference in price setting will only disturb the market balance and can harm both producers and consumers.