Islam, Trade, and Innovation
Alireza Naghavi
Chapter Chapter 28 in Advances in the Economics of Religion, 2019, pp 449-460 from Palgrave Macmillan
Abstract:
Abstract This chapter provides a discussion on the pervasiveness of innovation, or the lack thereof, at different points of history in the Muslim world. The idea put forth is the interconnection of innovation with trade, and the puzzle is the interruption of the former despite the continuation of the latter in the contemporary world. The first step is to present a brief overview of core Islamic principles that encourage trade but discourage innovation by the inclusion of property right matters in Islamic law. We then look at the historical contribution of trade in uniting the Muslim world and initially triggering innovation and achieving the Islamic Golden Age. Finally, the chapter suggests reasons why innovation eventually came to a halt in Islamic lands, including political economy arguments, tolerance, diversity, and institutions.
Date: 2019
References: Add references at CitEc
Citations:
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
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:pal:intecp:978-3-319-98848-1_28
Ordering information: This item can be ordered from
http://www.palgrave.com/9783319988481
DOI: 10.1007/978-3-319-98848-1_28
Access Statistics for this chapter
More chapters in International Economic Association Series from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().