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Islamic Economic Systems (Paperback)
Loot Price: R1,390
Discovery Miles 13 900
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Islamic Economic Systems (Paperback)
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Total price: R1,410
Discovery Miles: 14 100
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This major new study examines the central tenets of Islamic
economics, both in theory and in practice. The authors pinpoint the
uniqueness of the Islamic approach, both in its conception of the
world's resources and in its attitude to human endeavour. Their
book illuminates the distinctive nature of an economics which is
based neither on meeting the demands of the individual consumer,
nor on increasing the level of general welfare, but on maximising
the pleasure of God. The different schools of Islamic thought are
then compared and their interpretations analysed in terms of their
approaches to plan and market, centralisation and decentralisation,
property rights, profit and social obligation. A detailed
historical survey follows of the experience of four very different
Muslim countries: Libya, Saudi Arabia, Pakistan and Iran. The
authors examine how the implementation of Islamic economic
solutions has worked out in reality, often in the context of a
tense political situation. They look at the practicality of such
solutions in the present day, assessing both their economic
performance and their success in guiding society towards the
Islamic ideal. The book as a whole allows the reader to grasp the
multifarious nature of Islamic thought in economic matters, its
contradictory and often contentious character, and the uses to
which Islam has been put by governments with clearly diverse aims.
Students of economics and of the Middle East will find it a useful
guide to the new terms in which an old and fierce debate is being
conducted.
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