Timur Kuran: Islam economy and democracy


Does an “economy of Islam” exist, with unique rules and characteristics? One of America’s leading scholars explains that the very notion of an “economy of Islam” is simplistic and contradictory and falls short of the challenges of modern economics. Fortunately, he adds, only a minority of Muslims are inclined to believe in such a doctrine, in a part of the world where economic development is disorganized and the distribution of wealth is anything but fair.

Does an “economy of Islam” exist, with unique rules and characteristics? One of America’s leading scholars explains that the very notion of an “economy of Islam” is simplistic and contradictory and falls short of the challenges of modern economics. Fortunately, he adds, only a minority of Muslims are inclined to believe in such a doctrine, in a part of the world where economic development is disorganized and the distribution of wealth is anything but fair.

 

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