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Seyed Kazem Sadr, The Economic System of the Early Islamic Period: Institutions and Policies

Journal of Economic and Social Thought

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Title Seyed Kazem Sadr, The Economic System of the Early Islamic Period: Institutions and Policies
 
Creator MIRAKHOR, Abbas; INCEIF Chair in Islamic Finance. International Centre for Education in Islamic Finance (INCEIF), Lorong Universiti A, 59100 Kuala Lumpur, Malaysia.
 
Subject History of economic thought; Macroeconomy; Macroeconomic policy; Economic policy; Economic history; Economic systems; Political economy.
B10; E40; E60; N10; P40; P48.
 
Description Abstract. The book is a major contribution to Islamic economic history and to Islamic economics in the English language. It presents a comprehensive yet concise economic hermeneutic of policies implemented by the Messenger (saas) in Medinah. It is an authoritative presentation based on the Qur’an, the Traditions of the Messenger, earliest writings of Muslim historians and jurists. Within the context of contemporary economic universe of discourse, the book discusses implications of policies of the Messenger with regards to allocation of resources, production, exchange, growth, development, environment, efficiency and justice. For those who think that zakat, prohibition against interest, waqf and the like are the only elements that distinguish an Islamic economy from other systems, the depth and the breadth of the book would provide a transformative experience. This Review argues that the appearance of the book is particularly timely given the distorted, dis-embedded, and fictitious model of an Islamic economy manufactured by Orientalists. The book will go a long way in correcting these distortions.Keywords. History of economic thought, Macroeconomy, Macroeconomic policy, Economic policy, Economic history, Economic systems, Political economy.JEL. B10, E40, E60, N10, P40, P48.
 
Publisher Journal of Economic and Social Thought
Journal of Economic and Social Thought
 
Contributor
 
Date 2016-09-18
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion

 
Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/JEST/article/view/1044
10.1453/jest.v3i3.1044
 
Source Journal of Economic and Social Thought; Vol 3, No 3 (2016): September; 458-466
Journal of Economic and Social Thought; Vol 3, No 3 (2016): September; 458-466
2149-0422
 
Language eng
 
Relation http://www.kspjournals.org/index.php/JEST/article/view/1044/1067
 
Rights Copyright (c) 2016 Journal of Economic and Social Thought
http://creativecommons.org/licenses/by-nc/4.0