The role of human capital in economic development of the earliest Islamic period

Seyed Kazem Sadr

International Journal of Islamic and Middle Eastern Finance and Management, 2015, vol. 8, issue 4, 398-417

Abstract: Purpose - – The purpose of this paper is to provide explanation for the economic development of the earliest Islamic state. It focuses on the role of human capital as the most important element of this model and focuses on four dimensions of development of human personality in Islam: the incentive structure, rules of behavior, institutions and policies. Design/methodology/approach - – A review and analysis of the measures and policies that Prophet of Islam and his successors adopted are made to arrive at the underlying economic model of development. Findings - – The major finding is the role of human capital in the development of the economy at that time. Originality/value - – The contribution of the paper is to identify the critical role of education and skills for the development of the economy at present.

Keywords: Human capital; Economic development; Early Islamic period; Economic policies of Prophet of Islam (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (text/html)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (application/pdf)
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eme:imefmp:v:8:y:2015:i:4:p:398-417

DOI: 10.1108/IMEFM-12-2014-0122

Access Statistics for this article

International Journal of Islamic and Middle Eastern Finance and Management is currently edited by Prof M. Kabir Hassan

More articles in International Journal of Islamic and Middle Eastern Finance and Management from Emerald Group Publishing Limited
Bibliographic data for series maintained by Emerald Support ().