2020
DOI : "10.20473/vol7iss20209pp1755-1769"
Keywords: Ibnu Khaldun, Ibnu Taimiyyah, Price, Market Mechanism, Supply and Demand, Government.
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Ibn Khaldun and Ibn Taimiyah were two Islamic economic figures with remarkable thought. Ibn Taimiyyah who lived before Ibn Khaldun expressed his thoughts on the market mechanism of fair prices, how demand and supply are natural from the market mechanism but still pay attention to the role of the government in the economy, especially the Hisbah institution as a market supervisor to avoid in the market and must intervene. Ibn Khaldun who lived after the time of Ibn Taimiyyah, in 732 H/1332 AD, has raised and developed his thoughts on the mechanism of the market and then the influence of demand and supply on the market price and the role of the government in economics. In this study will see how the thought of Ibn Khaldun and Ibn Taimiyyah in addressing the price in buying and selling in the market, because long before Western economic thinkers were born, Ibn Khaldun and Ibn Taimiyyah had analyzed. The purpose of this study is to find out and to compare the thoughts of Ibn Khaldun and Ibn Taimiyyah regarding the price policy in buying and selling in the market and see which is more relevant to do in the present time. And the results of this study is, in the thought of Ibn Khaldun more to see the phenomenon of market interaction in the form of demand and supply and from Ibn Taimiyyah have more complex thinking both of market mechanisms and the role of government in buying and selling activit