Early Islam and the Birth of Capitalism

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Publisher : Lexington Books
ISBN 13 : 0739188836
Total Pages : 239 pages
Book Rating : 4.7/5 (391 download)

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Book Synopsis Early Islam and the Birth of Capitalism by : Benedikt Koehler

Download or read book Early Islam and the Birth of Capitalism written by Benedikt Koehler and published by Lexington Books. This book was released on 2014-06-17 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: Early Islam and the Birth of Capitalism proposes a strikingly original thesis—that capitalism first emerged in Arabia, not in late medieval Italian city states as is commonly assumed. Early Islam made a seminal but largely unrecognized contribution to the history of economic thought; it is the only religion founded by an entrepreneur. Descending from an elite dynasty of religious, civil, and commercial leaders, Muhammad was a successful businessman before founding Islam. As such, the new religion had much to say on trade, consumer protection, business ethics, and property. As Islam rapidly spread across the region so did the economic teachings of early Islam, which eventually made their way to Europe. Early Islam and the Birth of Capitalism demonstrates how Islamic institutions and business practices were adopted and adapted in Venice and Genoa. These financial innovations include the invention of the corporation, business management techniques, commercial arithmetic, and monetary reform. There were other Islamic institutions assimilated in Europe: charities, the waqf, inspired trusts, and institutions of higher learning; the madrasas were models for the oldest colleges of Oxford and Cambridge. As such, it can be rightfully said that these essential aspects of capitalist thought all have Islamic roots.

Islamic Roots of Capitalism

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Publisher : Syracuse University Press
ISBN 13 : 9780815605065
Total Pages : 340 pages
Book Rating : 4.6/5 (5 download)

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Book Synopsis Islamic Roots of Capitalism by : Peter Gran

Download or read book Islamic Roots of Capitalism written by Peter Gran and published by Syracuse University Press. This book was released on 1998-07-01 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paperback edition has an updated first chapter, resituating its main argument for today’s readers. New historical data on eigh­teenth- and nineteenth-century Egypt makes an extremely persuasive argument for the eighteenth-century roots of Egyptian modernity. The similarity, too, of Egyptian history with other Mediterranean countries is much more clearly demonstrated today than when Islamic Roots of Capitalism first was published.

Fall of Capitalism and Rise of Islam

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Publisher : Xlibris Corporation
ISBN 13 : 1450074871
Total Pages : 290 pages
Book Rating : 4.4/5 (5 download)

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Book Synopsis Fall of Capitalism and Rise of Islam by : Mohammad Malkawi

Download or read book Fall of Capitalism and Rise of Islam written by Mohammad Malkawi and published by Xlibris Corporation. This book was released on 2010-04-22 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fall of Capitalism and the Rise of Islam provides a critical analysis of the current financial crisis in the US and the world at large. It concludes that the current crisis could very well be a sign of failure of the underlying system of capitalism. The book shows that the system of capitalism contains serious faults and defects at the core theory level. Economic and financial crisis periodically occur whenever these defects are triggered by various conditions and political decisions during the life of capitalism. The collapse of financial institutions, the crash of the housing market, the evaporation of trillions of dollars, the creation of virtual unreal wealth, and the decline of productivity are symptoms of the potential failure of the ideology of capitalism. This failure has serious impact on the life quality of billions of people around the world who suffer from poverty, hunger, health insecurity, lack of education, and serious inhuman conditions. The world order under capitalism witnessed multiple world wars, political and economic instability, colonialism, absence of peace, deprivation of justice and polarization of wealth and power. This book predicts a potential crash and collapse of the world order under the pressure of a failing capitalism. Concurrent to the decline and potential collapse of capitalism, the book makes an account of another global phenomenon, namely the second rise of Islam. The rise of Islam, similar to the first one that lasted for thirteen hundred years, is a comprehensive rise that brings up the economic system together with the political system, and the moral system together with the legal system. It is much needed and sought to introduce to the world a system full of justice, fairness, and geared toward productivity and human righteousness. The new rise of Islam is argued to be in the best interest of the human societies around the world, and that the propagated fear of this rise is unfounded. The book provides a detailed description of the economic system and the political economy of Islam. It provides compelling evidence that the Islamic political economy characterized by sustained productivity and wealth distribution guarantees the satisfaction of the basic needs of a human. The Islamic political economy integrates several mechanisms for natural distribution of wealth, while it maintains a high level of productivity through the inhibition of usury, hoarding, and exploitation. The Fall of Capitalism and the Rise of Islam makes extensive references to a score of historians, scholars, and scientists who provide a fair testimony of the Islamic civilization and the ideology of Islam.

Forces of Fortune

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Publisher : Simon and Schuster
ISBN 13 : 1416589686
Total Pages : 322 pages
Book Rating : 4.4/5 (165 download)

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Book Synopsis Forces of Fortune by : Seyyed Vali Reza Nasr

Download or read book Forces of Fortune written by Seyyed Vali Reza Nasr and published by Simon and Schuster. This book was released on 2009-09-15 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Leading authority on the Islamic world and influential advisor to the Obama administration Vali Nasr shows that the West's best hope of winning the battle against Islamic extremists is to foster the growth of a vibrant new Muslim middle class. This flourishing of Muslim bourgeoisie is reshaping the mind-set, politics, and even the religious values of Muslims in much the same way the Western bourgeoisie lead the capitalist and democratic revolution in Europe. Whereas extremism has grown out of the dismal economic failures of the authoritarian Islamic regimes, Nasr explains, the wealth and aspirations of this Islamic "critical middle" put them squarely at odds with extremism. They have ushered in remarkable transformations already in Dubai, Turkey, and Indonesia, and they are the key to tipping the balance in both Iran and Pakistan. As he writes "the great battle for the soul of the Muslim world will be fought not over religion but over market capitalism."

Max Weber and Islam

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Publisher : Routledge
ISBN 13 : 1351289829
Total Pages : 356 pages
Book Rating : 4.3/5 (512 download)

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Book Synopsis Max Weber and Islam by : Wolfgang Schluchter

Download or read book Max Weber and Islam written by Wolfgang Schluchter and published by Routledge. This book was released on 2019-01-22 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Max Weber and Islam is a major effort by Islamic-studies specialists to reexamine and appraise Max Weber's perspectives on Islam and its historical development. Eight specialists on Islam and two sociologists explore many dimensions of Weber's comments on Islam, along with Weber's conceptual framework. The volume's introduction links the discussions to contemporary issues and debates. Wolfgang Schluchter reconstructs Weber's conceptual apparatus as it applies to Islam and its historical development. In subsequent chapters, Islamic specialists consider such major topics as the developmental history of Islam, Islamic fundamentalism, Islamic reform, Islamic law and capitalism, secularization in Islam, as well as the value of attempting to apply Weber's concept of sects to Islam. While some authors find flaws in Weber's factual knowledge of Islam, they also find considerable merit in the kinds of questions Weber raised. Contributors to the volume include highly respected contemporary international scholars of Islam: Ira Lapidus, Nehemia Levtzion, Richard M. Eaton, Peter Hardy, Rudolph Peters, Barbara Metcalf, Francis Robinson, Patricia Crone, Michael Cook, and S.N. Eisenstadt. Toby Huff's introduction not only knits the thematics of the separate essays together but adds its own stresses while engaging the contributors in dialogue and debate about fundamental issues. This acute collective analysis establishes a new benchmark for understanding Weber and Islam. This book also provides an up-to-date overview of the developmental history of many aspects of Islam. A major reappraisal of the entire span of Max Weber's sociological thought on Islam, this book will appeal to a wide range of scholars and laymen interested in the Islamic world. It will be of particular interest to sociologists specializing in religion and Middle East area specialists.

The Long Divergence

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Publisher : Princeton University Press
ISBN 13 : 1400836018
Total Pages : 422 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis The Long Divergence by : Timur Kuran

Download or read book The Long Divergence written by Timur Kuran and published by Princeton University Press. This book was released on 2012-11-11 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: How religious barriers stalled capitalism in the Middle East In the year 1000, the economy of the Middle East was at least as advanced as that of Europe. But by 1800, the region had fallen dramatically behind—in living standards, technology, and economic institutions. In short, the Middle East had failed to modernize economically as the West surged ahead. What caused this long divergence? And why does the Middle East remain drastically underdeveloped compared to the West? In The Long Divergence, one of the world's leading experts on Islamic economic institutions and the economy of the Middle East provides a new answer to these long-debated questions. Timur Kuran argues that what slowed the economic development of the Middle East was not colonialism or geography, still less Muslim attitudes or some incompatibility between Islam and capitalism. Rather, starting around the tenth century, Islamic legal institutions, which had benefitted the Middle Eastern economy in the early centuries of Islam, began to act as a drag on development by slowing or blocking the emergence of central features of modern economic life—including private capital accumulation, corporations, large-scale production, and impersonal exchange. By the nineteenth century, modern economic institutions began to be transplanted to the Middle East, but its economy has not caught up. And there is no quick fix today. Low trust, rampant corruption, and weak civil societies—all characteristic of the region's economies today and all legacies of its economic history—will take generations to overcome. The Long Divergence opens up a frank and honest debate on a crucial issue that even some of the most ardent secularists in the Muslim world have hesitated to discuss.

Islam, Authoritarianism, and Underdevelopment

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Publisher : Cambridge University Press
ISBN 13 : 1108419097
Total Pages : 323 pages
Book Rating : 4.1/5 (84 download)

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Book Synopsis Islam, Authoritarianism, and Underdevelopment by : Ahmet T. Kuru

Download or read book Islam, Authoritarianism, and Underdevelopment written by Ahmet T. Kuru and published by Cambridge University Press. This book was released on 2019-08 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyzes Muslim countries' contemporary problems, particularly violence, authoritarianism, and underdevelopment, comparing their historical levels of development with Western Europe.

Islam and the Moral Economy

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Publisher : Cambridge University Press
ISBN 13 : 1139457152
Total Pages : 24 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis Islam and the Moral Economy by : Charles Tripp

Download or read book Islam and the Moral Economy written by Charles Tripp and published by Cambridge University Press. This book was released on 2006-07-20 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: How do modern Muslims adapt their traditions to engage with today's world? Charles Tripp's erudite and incisive book considers one of the most significant challenges faced by Muslims over the last sixty years: the challenge of capitalism. By reference to the works of noted Muslim scholars, the author shows how, faced by this challenge, these intellectuals devised a range of strategies which have enabled Muslims to remain true to their faith, whilst engaging effectively with a world not of their own making. The work is framed around the development of their ideas on Islamic socialism, economics and the rationale for Islamic banking. While some Muslims have resorted to confrontation or insularity to cope with the challenges of modernity, most have aspired to innovation and ingenuity in the search for compromise and interaction with global capitalism in the twenty-first century.

Islam and Capitalism

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Publisher : Saqi Books
ISBN 13 : 0863569676
Total Pages : 332 pages
Book Rating : 4.8/5 (635 download)

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Book Synopsis Islam and Capitalism by : Maxime Rodinson

Download or read book Islam and Capitalism written by Maxime Rodinson and published by Saqi Books. This book was released on 2007-04-04 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents a rebuttal of the cultural reductionism of Max Weber and others who have tried to explain the politics and society of the Middle East by reference to some unchanging entity called 'Islam,' typically characterised as instinctively hostile to capitalism. This work looks at the facts, analysing economic texts with his customary common sense.

Muslims and Capitalism - an Uneasy Relationship?

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Author :
Publisher : Ergon
ISBN 13 : 9783956504631
Total Pages : 0 pages
Book Rating : 4.5/5 (46 download)

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Book Synopsis Muslims and Capitalism - an Uneasy Relationship? by : Béatrice Hendrich

Download or read book Muslims and Capitalism - an Uneasy Relationship? written by Béatrice Hendrich and published by Ergon. This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: From today's perspective, Islam and capitalism seem to be natural partners. In a world where state socialism is on the wane, Islamic states in particular seem to be run by an exploitative class that in their hyper-capitalist way of profit-making does not care at all about social justice. Modern history, however, has seen a great number of movements, political parties and individuals propagating the incompatibility of capitalism with Islam. And at a second glance, the quest for social justice and the rejection of capitalism actually appear as a driving force in different Islamic discourses, including that of the so-called Islamic State. The articles of this volume offer intriguing and original thoughts about the appropriate economic system for a Muslim society. Some of the concepts are based right away on socialism, while others call for a genuine, non-Western Islamic 'third way' between communism and capitalism. In fact, political reality has forced the secular Left to grapple with the response of Islamic movements to poverty and injustice. The volume therefore also includes useful insights into the Left's reaction to this political challenge. The articles cover a wide range of world regions, not only the Middle East and Turkey, but also the Far East and North Africa, with a time span ranging from the late 19th century to the present. In addition, the reader is also introduced to economic concepts of early Islam and their textual sources.

Histories of Racial Capitalism

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Publisher : Columbia University Press
ISBN 13 : 0231549105
Total Pages : 482 pages
Book Rating : 4.2/5 (315 download)

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Book Synopsis Histories of Racial Capitalism by : Justin Leroy

Download or read book Histories of Racial Capitalism written by Justin Leroy and published by Columbia University Press. This book was released on 2021-02-09 with total page 482 pages. Available in PDF, EPUB and Kindle. Book excerpt: The relationship between race and capitalism is one of the most enduring and controversial historical debates. The concept of racial capitalism offers a way out of this impasse. Racial capitalism is not simply a permutation, phase, or stage in the larger history of capitalism—since the beginning of the Atlantic slave trade and the colonization of the Americas, capitalism, in both material and ideological senses, has been racial, deriving social and economic value from racial classification and stratification. Although Cedric J. Robinson popularized the term, racial capitalism has remained undertheorized for nearly four decades. Histories of Racial Capitalism brings together for the first time distinguished and rising scholars to consider the utility of the concept across historical settings. These scholars offer dynamic accounts of the relationship between social relations of exploitation and the racial terms through which they were organized, justified, and contested. Deploying an eclectic array of methods, their works range from indigenous mortgage foreclosures to the legacies of Atlantic-world maroons, from imperial expansion in the continental United States and beyond to the racial politics of municipal debt in the New South, from the ethical complexities of Latinx banking to the postcolonial dilemmas of extraction in the Caribbean. Throughout, the contributors consider and challenge how some claims about the history and nature of capitalism are universalized while others remain marginalized. By theorizing and testing the concept of racial capitalism in different historical circumstances, this book shows its analytical and political power for today’s scholars and activists.

Capitalism and a New Social Order

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Publisher : NYU Press
ISBN 13 : 9780814705834
Total Pages : 126 pages
Book Rating : 4.7/5 (58 download)

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Book Synopsis Capitalism and a New Social Order by : Joyce Appleby

Download or read book Capitalism and a New Social Order written by Joyce Appleby and published by NYU Press. This book was released on 1984-08 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the vision of Jeffersonian Republicans and their impact on early American politics In 1800 the Jeffersonian Republicans, decisive victors over what they considered elitist Federalism, seized the potential for change in the new American nation. They infused in it their vision of a society of economically progressive, politically equal, and socially liberated individuals. This book examines the fusion of ideas and circumstances which made possible this triumph of America's first popular political movement. When the Federalists convened in New York to form the "more perfect union" promised by the new United Sates Constitution, they expected to build a strong central government led by the revolutionary members of the old colonial elite. This expectation was dashed by the emergence of a vigorous opposition led by Thomas Jefferson but manned by a new generation of popular politicians: interlopers, émigrés, polemicists—what the Federalists called the "mushroom candidates." They turned the 1790s into an age of passion by raising basic questions about the characters of the American experiment in government. When the Federalists defenders of traditional European notions of order and authority came under attack, they sought to discredit the radical beliefs of the Jeffersonians. Although the ideas that fueled the Jeffersonian opposition came from several strains of liberal and libertarian thought, it was the specific prospect of an expanding commercial agriculture that gave substance to their conviction that Americans might divorce themselves from the precepts of the past. Thus, capitalism figured prominently in the Jeffersonian social vision. Aroused by the Federalists' efforts to bind the nation's wealthy citizens to a strengthened central government, the Jeffersonians unified ordinary men in the southern and middle states, mobilizing on the national level the power of the popular vote. Their triumph in 1800 represented a new sectional alliance as well as a potent fusion of morality and materialism.

Capitalism

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Publisher : Oxford University Press, USA
ISBN 13 : 0198726074
Total Pages : 161 pages
Book Rating : 4.1/5 (987 download)

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Book Synopsis Capitalism by : James Fulcher

Download or read book Capitalism written by James Fulcher and published by Oxford University Press, USA. This book was released on 2015 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this Very Short Introduction James Fulcher considers what capitalism is, the forms it can take around the world, and its history of crises and long-term development. In this new edition he discusses the fundamental impact of the global financial crises of 2007-8 and what it has meant for capitalism worldwide.

A Companion to the History of Economic Thought

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Publisher : John Wiley & Sons
ISBN 13 : 1405128968
Total Pages : 736 pages
Book Rating : 4.4/5 (51 download)

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Book Synopsis A Companion to the History of Economic Thought by : Warren J. Samuels

Download or read book A Companion to the History of Economic Thought written by Warren J. Samuels and published by John Wiley & Sons. This book was released on 2008-04-15 with total page 736 pages. Available in PDF, EPUB and Kindle. Book excerpt: Assembling contributions from top thinkers in the field, thiscompanion offers a comprehensive and sophisticated exploration ofthe history of economic thought. The volume has a threefold focus:the history of economic thought, the history of economics as adiscipline, and the historiography of economic thought. Provides sophisticated introductions to a vast array oftopics. Focuses on a unique range of topics, including the history ofeconomic thought, the history of the discipline of economics, andthe historiography of economic thought.

A Brief History of Commercial Capitalism

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Publisher : Haymarket Books
ISBN 13 : 1642592110
Total Pages : 156 pages
Book Rating : 4.6/5 (425 download)

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Book Synopsis A Brief History of Commercial Capitalism by : Jairus Banaji

Download or read book A Brief History of Commercial Capitalism written by Jairus Banaji and published by Haymarket Books. This book was released on 2020-07-07 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rise of capitalism to global dominance is still largely associated – by both laypeople and Marxist historians – with the industrial capitalism that made its decisive breakthrough in 18th century Britain. Jairus Banaji’s new work reaches back centuries and traverses vast distances to argue that this leap was preceded by a long era of distinct “commercial capitalism”, which reorganised labor and production on a world scale to a degree hitherto rarely appreciated. Rather than a picture centred solely on Europe, we enter a diverse and vibrant world. Banaji reveals the cantons of Muslim merchants trading in Guangzhou since the eighth century, the 3,000 European traders recorded in Alexandria in 1216, the Genoese, Venetians and Spanish Jews battling for commercial dominance of Constantinople and later Istanbul. We are left with a rich and global portrait of a world constantly in motion, tied together and increasingly dominated by a pre-industrial capitalism. The rise of Europe to world domination, in this view, has nothing to do with any unique genius, but rather a distinct fusion of commercial capitalism with state power.

A Model for Islamic Development

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Publisher : Edward Elgar Publishing
ISBN 13 : 1788116739
Total Pages : 349 pages
Book Rating : 4.7/5 (881 download)

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Book Synopsis A Model for Islamic Development by : Shafiullah Jan

Download or read book A Model for Islamic Development written by Shafiullah Jan and published by Edward Elgar Publishing. This book was released on 2019 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to explore and analyse Islamic Moral Economy (IME) as an alternative economic and social system to capitalism and socialism. It proposes a new model of Islamic development, integrating global development within an Islamic framework of spiritual development. It is argued that the failure of Muslim countries to provide basic necessities and an environment free of oppression and injustice can be overcome with this authentic Islamic development framework. In addition, this book can be an important study to identify the theological, political, social and economic boundaries for changing the society to produce IME oriented developmentalism.

Islam and Mammon

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Publisher : Princeton University Press
ISBN 13 : 1400837359
Total Pages : 215 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Islam and Mammon by : Timur Kuran

Download or read book Islam and Mammon written by Timur Kuran and published by Princeton University Press. This book was released on 2010-12-16 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: The doctrine of "Islamic economics" entered debates over the social role of Islam in the mid-twentieth century. Since then it has pursued the goal of restructuring economies according to perceived Islamic teachings. Beyond its most visible practical achievement--the establishment of Islamic banks meant to avoid interest--it has promoted Islamic norms of economic behavior and founded redistribution systems modeled after early Islamic fiscal practices. In this bold and timely critique, Timur Kuran argues that the doctrine of Islamic economics is simplistic, incoherent, and largely irrelevant to present economic challenges. Observing that few Muslims take it seriously, he also finds that its practical applications have had no discernible effects on efficiency, growth, or poverty reduction. Why, then, has Islamic economics enjoyed any appeal at all? Kuran's answer is that the real purpose of Islamic economics has not been economic improvement but cultivation of a distinct Islamic identity to resist cultural globalization. The Islamic subeconomies that have sprung up across the Islamic world are commonly viewed as manifestations of Islamic economics. In reality, Kuran demonstrates, they emerged to meet the economic aspirations of socially marginalized groups. The Islamic enterprises that form these subeconomies provide advancement opportunities to the disadvantaged. By enhancing interpersonal trust, they also facilitate intragroup transactions. These findings raise the question of whether there exist links between Islam and economic performance. Exploring these links in relation to the long-unsettled question of why the Islamic world became underdeveloped, Kuran identifies several pertinent social mechanisms, some beneficial to economic development, others harmful.