Consistency and Viability of Islamic Economics Systems and the
Transition Process has the crucial intention of stimulating
interest in Islamic economics by studying the Islamic Republic of
Iran using the analytical framework of consistency and viability.
This text develops an original analytic framework to understand the
relationship between the economic, political, and ideological
structures, the external environment, and the process of reform
that gives rise to certain economic systems by establishing
consistency. Consistency, however, is not enough; a consistent
economic system must be flexible and have the internal mechanisms
to be able to adapt to changes in social reality, thus making
possible its survival over time. In other words, the economic
system is viable when it is able to encourage increases in labor
productivity and there is popular support. The collapse of
centrally administered socialism in Central and Eastern Europe and
the former Soviet Union resulted in what was commonly referred to
as the transition problem.
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