"Precisely the kind of book that Western economists have been
waiting for."-John Presley, former professor of economics,
University of Loughborough A systematic and rigourous exposition of
various aspects of the economics of Islam. These essays not only
provide an overview of the various dimensions of Islamic economics
but also convincingly establish the viability of the application of
these concepts in the contemporary set-up. The analysis presented
in this book also establishes the amenability of Islamic economics
to scientific investigation and hence its conclusions and analysis
directly comparable with what is known as the science of Economics.
The scope of this book as well as the analytical and rigorous
approach used in presenting Islamic economics makes this a useful
and perhaps the only book so far available that can be utilized as
teaching material in graduate programs in universities both in the
East and the West where this subject is taught. It fulfills the
need of graduate students of economics in that it provides rigorous
reading material to assist them in their course work or in pursuing
their own research on the subject. M. Fahim Khan is the president
of the Islamic Society of Institutional Economics at the
International Institute of Islamic Economics, Islamabad, Pakistan,
and is the author of ten monographs on Islamic economics.
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