Islahi, Abdul Azim (2006): The emergence of mercantilism as a reaction against Muslim power: some of the evidences from history. Published in: Review of Islamic Economics , Vol. 12, No. 1 (2008): pp. 137-150.
Download (151kB) | Preview
In the early modern period, changing attitude of Medieval Europe towards trade as an outcome of encounter with Muslim scholars and rulers and consequently emergence of 'mercantilism' was a turning point in the history of economic thought. The paper documents evidences which prove that initially mercantilism was a reaction against Muslim powers. In the rise of mercantilism, discovery of the New World is considered a significant factor. The main objective before explorers and pioneers of mercantilism was to strengthen their governments through the acquisition of precious metal to regain the Holy Places, defeat the enemy, check the expanding power of Muslim rivals and spread Christianity. However, later it ended up in an effective economic movement.
|Item Type:||MPRA Paper|
|Original Title:||The emergence of mercantilism as a reaction against Muslim power: some of the evidences from history|
|English Title:||The emergence of mercantilism as a reaction against Muslim power: some of the evidences from history|
|Keywords:||Mercantilism; History of Economic Thought; Medieval Economic History.|
|Subjects:||B - History of Economic Thought, Methodology, and Heterodox Approaches > B1 - History of Economic Thought through 1925 > B10 - General
N - Economic History > N1 - Macroeconomics and Monetary Economics ; Industrial Structure ; Growth ; Fluctuations > N10 - General, International, or Comparative
N - Economic History > N1 - Macroeconomics and Monetary Economics ; Industrial Structure ; Growth ; Fluctuations > N15 - Asia including Middle East
B - History of Economic Thought, Methodology, and Heterodox Approaches > B1 - History of Economic Thought through 1925 > B15 - Historical ; Institutional ; Evolutionary
|Depositing User:||Abdul Azim Islahi|
|Date Deposited:||05. Nov 2009 16:10|
|Last Modified:||12. Feb 2013 06:08|
Baeck, Louis (1994), The Mediterranean Tradition in Economic Thought, London and New York, Routledge.
Clough, Shepard B. and Cole C. W. (1967), Economic History of Europe, Third edition, Boston, D. C. Heath and Company.
Cook, M. A. (ed.) (1970), Studies in the Economic History of the Middle East, London: Oxford University Press.
Ekelund (Jr.), Robert B. and Hebert, Robert F. (1983), A History of Economic Theory and Method, New York, McGraw-Hill.
Glamann, Kristof (1977), “European Trade 1500-1750”, in: Cipolla, Carlo, M. (ed.), The Fontana Economic History of Europe volume 2: The Sixteenth and the Seventeenth Centuries, n.p., Fontana Books, 1974. Reprint, Sussex, England: Harvester Press, pp.727-526, (page references are to reprint edition).
Gray, A. and Thompson, A. (1980), The Development of Economic Doctrine, New York: Longman,
Hamdani, Abbas (1994), “An Islamic Background to the Voyages of Discovery”, in Jayyusi, Salma Khadra (ed.), The Legacy of Muslim Spain, Leidan, E.J. Brill, 273-306.
Heaton, Herbert (1948), Economic History of Europe, New York, Harper.
Heckscher, Eli F. (1954), Mercantilism, translated by Mendal Shapiro, London, George Allen and Unwin.
Housley, Norman (1992), The Later Crusades 1274-1580, Oxford, Oxford University Press.
Hurewitz, J.C. (1987) Diplomacy in the Near and Middle East: A Documentary Record 1535-1956, Oxford, Archive Editions, first Published in 1956 by Von Nostrand Co. New York, Vol. I.
Islahi, Abdul Azim (2005), Contributions of Muslim Scholars to the History of Economic Thought and Analysis, Jeddah, Scientific Publishing Centre, KAAU.
Kirk, George E. (1964), A Short History of the Middle East, Northampton, U.K., Methuen and Co.
Landreth, Harry and David, C. Colander (2002), History of Economic Theory, 4th edition, Boston, M A, Houghton Mifflin.
Lekachman, Robert (1959), A History of Economic Ideas, New York, McGraw-Hill
Lewis, Bernard (1982), The Muslim Discovery of Europe, London, Weidenfeld and Nicolson
Lewis, Bernard (1976), Studies in Classical and Ottoman Islam (7th–16th Centuries), London, Variorum Reprint.
Moreland, W. H. (1974), India at the Death of Akbar, London, Macmillan and Co. 1920. Reprint, Delhi, Prints and Trans Publications. (page references are to reprint edition).
Morison, Samuel E. (1963), Journals and other documents on the life of C. Columbus, New York.
Oser, Jacob and Blanchfield, W.C. (1975), The Evolution of Economic Thought, Third Edition, New York, Harcourt Brace.
Pribram, Karl (1983), A History of Economic Reasoning, Baltimore and Lord, The Johns Hopkins University Press.
Roll, Eric (1974), A History of Economic Thought, Homewood (Illinois), Richard D. Irwin In.
Smith, Adam (1937), An Inquiry into the Nature and Causes of the Wealth of Nations, New York: The Modern Library.
Stripling, George William Frederick (1977), The Ottoman Turks and the Arabs 1511-1574,
Urbana, University of Illinois Press (appeared in Illinois Studies in the Social Sciences, vol. 6, no. 4), 1942. Reprint, Philadelphia, Porcupine Press (page references are to reprint edition).
Watt, Montgomery, W. (1972), The Influence of Islam on Medieval Europe, Edinburgh, Edinburgh University Press.
Whittaker, Edmund (1960), Schools and Streams of Economic Thought, London, John Murray.