Munich Personal RePEc Archive

Aspects of Muslim economic thinking in the eleventh century (AH)/seventeenth century (CE)

Islahi, Abdul Azim (2006): Aspects of Muslim economic thinking in the eleventh century (AH)/seventeenth century (CE). Published in: Review of Islamic Economics , Vol. 12, No. 2 (2008): pp. 177-189.

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Abstract

This paper investigates the state of Muslim economic thinking in the 17th century (11th century AH), through the works in Arabic language, within the territories under the Ottoman rule. It also looks into those written in other parts of the world or in other languages, where translations were available. No work was found exclusively dedicated to pure economic themes such as market and pricing, money and theory of value, economics of taxation and public expenditure, and similar subjects on which earlier Muslim scholars had written extensively. The focus of Muslim economic thinking in the period was on public finance, monetary reform, agrarian relations, and cleansing the economy of corruptions which was the main obstacle in the way of progress.

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