An Approach to Consumption of Exhaustible Resources Based on Islamic Justice and Hartwick Criteria
Nowadays, there is an increasing attention to the resources scarcity issues. Because of failure in present patterns in the field of the allocation of exhaustible resources between generations and the challenges related to economic justice supply, it is supposed, to present a pattern from the Islamic perspective in this essay. By using content analysis of religious texts, we conclude that governments should remove the gap which is exists between the per capita income of the poor and their minimum consumption (necessary consumption). In order to preserve the exhaustible resources for poor people) not for all), between all generations, government should invest exhaustible resources on endless resources according to Hartwick’s criteria and should spend these benefits for poor people. But, if benefits did not cover the gap between minimum consumption and per capita income of poor levels in one generation, in this case, the government is responsible for covering this gap through the direct consumption of exhaustible resources. For an exact answer to this question, ‘how much of exhaustible resources should expense to maintain justice between generations?’ The theoretical and mathematical modeling has been used and proper function has been provided. The consumption pattern is presented for economic policy makers in Muslim countries, and non-Muslim even, it can be useful.
Digital Object Identifier (DOI): doi.org/10.5281/zenodo.1474620Procedia APA BibTeX Chicago EndNote Harvard JSON MLA RIS XML ISO 690 PDF Downloads 232
 Hartwick, J, M, (1977),” Intergenerational equity and the investing of rents from resources”, American economic exhaustible review, vol. 67, pp. 972-974.
 Hore Aameli,تفصیل وسائل الشیعة إلی تحصیل مسائل الشریعة, (1413), Bagher ol Olom publication, Tehran (in Arabic).
 Hotelling, H, (1931), ”The economics of exhaustible resources”, Journal of Political Economy, Vol. 39, pp.137-175.
 James E. Crimmins (1996), Contending Interpretations of Bentham's Utilitarianism, Vol. 29, No. 4, pp. 751-777.
 Ibrahim, Quran Surah 14, Verse 32.
 Rawls, J., ‘Justice as Fairness’, Philosophical Review, 46 (1958).
 Robert bacon and Silvana tordo, (2006), ”Experience with oil Funds :Institutional and Financial Aspect”, Energy Sector Management Assistance Program (ESMAP) , World bank group.
 Sadr, Muhammad Baqir, (1971), Eghtesadona, Bagher ol Olom publication, Tehran (in Arabic).
 Silver, Morris) 1989(, foundation of economic justice, basil bank well, New York.
 Solow, R. M. (1974), ”Intergenerational Equity and Exhaustible Resources”, The Review of Economic Studies, Vol. 41, pp. 29-45.
 Solow, R. M. (1956),” A Contribution to the Theory of Economic Growth”, the Quarterly Journal of Economics, Vol. 70, No. 1, pp. 65-94.