The circuit in the history of economic thought: the contribution of Ibn Khaldûn

Slim Thabet ()
Additional contact information
Slim Thabet: LEFMI - Laboratoire d’Économie, Finance, Management et Innovation - UR UPJV 4286 - UPJV - Université de Picardie Jules Verne

Post-Print from HAL

Abstract: In this tribute to Alain Parguez (1940-2022), I draw attention to the economic thought of the prominent medieval scholar, Ibn Khaldun (1332-1406), specifically his seminal Al Muqaddimah (1377), which was the introduction ("Prolegomena") to his universal history (Kitab al Ibar, "Book of Lessons"). While caution should be taken in reading a six-hundred-year-old book, I try to show that Ibn Khaldun could be considered as a forerunner of the Theory of the Monetary Circuit. In his magnum opus, he attempted to lay down the factors that had pushed civilizations (especially the Arab-Muslim one) to bloom to their peak and to decline thereafter. This led him to examine the economic and social processes governing the history and the causes of wealth. Here Ibn Khaldun anticipated some economic mechanisms which form the core of the Theory of the Monetary Circuit.

Keywords: Alain Parguez; Circuit; Ibn Khaldun; John Maynard Keynes; Public Finance; State; A1; B1; B3; E2; E6; H2; I3; N1; O1; P4; Z1 (search for similar items in EconPapers)
Date: 2023-12-18
References: Add references at CitEc
Citations:

Published in International Journal of Political Economy, 2023, 52 (3-4), pp.328-337. ⟨10.1080/08911916.2023.2280364⟩

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:hal:journl:hal-04495889

DOI: 10.1080/08911916.2023.2280364

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().