Wealth and Poverty: Islamic Economic Thought

Ayman Reda
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Ayman Reda: The University of Michigan - Dearborn

Chapter Chapter 13 in Prophecy, Piety, and Profits, 2018, pp 171-186 from Palgrave Macmillan

Abstract: Abstract This chapter contributes a unique perspective to this debate, by examining the Islamic position on the relationship between wealth and poverty, and the implications of this position with respect to modern economic theory and policy. The perspective presented, inspired largely by the philosophical and economic thought of Muhammad Baqir As-Sadr, highlights the perennial struggle between the prophets of religion on the one hand, and the wealthy and ruling classes on the other, and the ensuing historical and social consequences of this encounter.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psibcp:978-1-137-56825-0_13

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DOI: 10.1057/978-1-137-56825-0_13

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