Conclusion to Islamic Economics and Human Well-being

.

Chapter 9 in Islamic Economics and Human Well-being, 2024, pp 246-256 from Edward Elgar Publishing

Abstract: We can trace the history of Islamic economic thought from the 7th century - the era of the Prophet Muhammad (pbuh) and his first four caliphs. The first Islamic state had an agricultural and commercial economy where most of the economic relationships followed pre-modern traditional methods of production, distribution, and consumption. Some Islamic economists have tried to relate the present movement of Islamic economics and finance to that period. Despite all the romance that such an approach has, the fact is that Muslim societies during the last fifteen centuries wherever they existed followed the methods and practices of agriculture, trade, industry and finance as other people did in the world. There is no study yet which documents precisely the economic systems and methods of Islamic societies during the past fifteen centuries. We only have a romantic belief that they followed some sort of Islamic economic system. However, more concrete evidence has yet to emerge.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781035333691.00018 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

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:elg:eechap:23374_9

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().