Early Islam and the Birth of Capitalism (Paperback)

Early Islam and the Birth of Capitalism proposes a strikingly original thesis; that capitalism first emerged in Arabia, not in late medieval Italian city states as is commonly assumed. Early Islam made a seminal but largely unrecognized contribution to the history of economic thought: it is the only religion founded by an entrepreneur. Descending from an elite dynasty of religious, civil and commercial leaders, Muhammad was a successful businessman before founding Islam. As such, the new religion had much to say on trade, consumer protection, business ethics and property. As Islam rapidly spread across the region so did the economic teachings of early Islam, which eventually made their way to Europe. Early Islam and the Birth of Capitalism demonstrates how Islamic institutions and business practices were adopted and adapted in Venice and Genoa. These financial innovations include the invention of the corporation, business management techniques, commercial arithmetic, and monetary reform. There were other Islamic institutions assimilated in Europe: charities, the waqf, inspired trusts, and institutions of higher learning, the madrasas, were models for the oldest colleges of Oxford and Cambridge. As such it can be rightfully said that these essential aspects of capitalist thought all have Islamic antecedents.

General

Imprint:	Lexington Books
Country of origin:	United States
Release date:	August 2015
Authors:	Benedikt Koehler
Dimensions:	230 x 157 x 17mm (L x W x T)
Format:	Paperback
Pages:	238
ISBN-13:	978-0-7391-9745-5
Categories:	Books > Humanities > History > History of specific subjects > Economic history Books > Social sciences > Sociology, social studies > Ethnic studies > Islamic studies Books > Social sciences > Politics & government > Political structure & processes > General Books > Business & Economics > Economics > Economic systems > General Books > History > History of specific subjects > Economic history Promotions
LSN:	0-7391-9745-2
Barcode:	9780739197455

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