Weber and Baqir as-Sadr: The Paradox of Economic Development in Islamic Societies
Ayman Reda
American Journal of Economics and Sociology, 2014, vol. 73, issue 1, 151-177
Abstract:
This article attempts to reconsider the controversial relationship between Islam and economic development. It does so by deeply engaging the views of Weber and Baqir as-Sadr. According to Sadr, the development of capitalism in Europe is a consequence of the moral practice of Western societies, which is fundamentally different from that of Islamic societies. This divergence in moral practices translates into a divergence in economic doctrine, resulting in an incompatibility between the capitalist method and the moral practice of Islamic societies.
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:bla:ajecsc:v:73:y:2014:i:1:p:151-177
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