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Contributions of Muslim Scholars to Economic Thought and Analysis مساهمات علماء المسلمين في الفكر والتحليل الاقتصادي

Author

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  • Abdul Azim Islahi

    (Islamic Economics Institute King Abdulaziz University, Jeddah, Saudi Arabia)

Abstract

he present study reports and analyzes economic ideas of Muslim scholars upto the end of 9th/15th century. It also discusses various channels through which their ideas reached the European West and influenced the scholastic scholars. Thus, they formed the connecting link between Greek philosophers and scholastic economists and became one of the ancestors of modern economics and part of its family tree. The paper addresses students and historians of economic thought. It provides materials that could be used to make up existing deficiency – the great gap – in the literature on the history of economic thought. It also aims to provide support for those who are in search of common grounds in sciences and culture for mutual understanding and inter-civilization dialogue. The contributions of Muslim scholars to economic thought and analysis have been briefly noted and lengthy quotations have been avoided to enlist and accommodate maximum number of scholars. I have adopted an eclectic approach in this study and hope that this would generate curiosity among the readers to further investigate and carry deep and detailed study of the works of past scholars. It may also draw their attention to the works of Muslim scholars in later centuries that largely remain unexplored.

Suggested Citation

  • Abdul Azim Islahi, 2005. "Contributions of Muslim Scholars to Economic Thought and Analysis مساهمات علماء المسلمين في الفكر والتحليل الاقتصادي," Books published by the Islamic Economics Institute, KAAU., King Abdulaziz University, Islamic Economics Institute., edition 1, number 38, July.
    • Handle: RePEc:abd:kauieb:38
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    File URL: https://iei.kau.edu.sa/Files/121/Files/152672_37-ContributionScholarsto.pdf
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    References listed on IDEAS

    as
    1. Islahi, Abdul Azim, 2001. "An analytical study of al-Ghazali’s thought on money and interest," MPRA Paper 41438, University Library of Munich, Germany, revised 2001.
    2. Barry Gordon, 1975. "Economic Analysis before Adam Smith," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-02116-1.
    3. Langholm,Odd, 1998. "The Legacy of Scholasticism in Economic Thought," Cambridge Books, Cambridge University Press, number 9780521621595.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Abdul Azim Islahi, 2009. "Muslim Economic Thinking and Institutions in The 10th AH/16th CE Century التفكير الاقتصادي والمؤسسات الإسلامية في القرن العاشر الهجري / السادس عشر الميلادي," Books published by the Islamic Economics Institute, KAAU., King Abdulaziz University, Islamic Economics Institute., edition 1, number 37, July.
    2. Islahi, Abdul Azim, 2007. "Perception of market and pricing among the sixteenth century Muslim scholars," MPRA Paper 18281, University Library of Munich, Germany, revised 15 Oct 2007.
    3. Aan JAELANI, 2016. "Pancasila Economic and The Challenges of Globalization and Free Market In Indonesia," Journal of Economic and Social Thought, KSP Journals, vol. 3(2), pages 241-251, June.
    4. Islahi, Abdul Azim, 2009. "A study of Muslim economic thinking in the 11th A.H. / 17th C.E. century," MPRA Paper 75431, University Library of Munich, Germany, revised 2010.
    5. Abdul Azim Islahi, 2011. "ISLAMIC ECONOMIC THINKING IN THE 12th AH/18th CE CENTURY: Shah Wali-Allah al-Dihlawi الفكر الاقتصادي الإسلامي في القرن 12 الهجري/ 18 الميلادي: شاه ولي الله الدهلوي," Books published by the Islamic Economics Institute, KAAU., King Abdulaziz University, Islamic Economics Institute., edition 1, number 39, July.
    6. Islahi, Abdul Azim, 2009. "Muslim Economic Thinking and Institutions in the 10th AH/ 16th CE Century," MPRA Paper 75375, University Library of Munich, Germany, revised 2008.
    7. Mervyn K. Lewis, 2014. "An Islamic perspective on the global financial crisis and its aftermath," Chapters, in: M. Kabir Hassan & Mervyn K. Lewis (ed.), Handbook on Islam and Economic Life, chapter 31, pages iii-iii, Edward Elgar Publishing.
    8. Jaelani, Aan, 2011. "HISBAH DAN MEKANISME PASAR: Studi Moralitas Pelaku Pasar Perspektif Ekonomi Islam [HISBAH AND MARKET MECHANISM: The Morality Study of Market Participants in Islamic Economic Perspective]," MPRA Paper 69526, University Library of Munich, Germany, revised 01 Dec 2015.
    9. Mervyn Lewis, 2010. "An Islamic Economic Perspective on the Global Financial Crisis," Chapters, in: Steven Kates (ed.), Macroeconomic Theory and its Failings, chapter 10, Edward Elgar Publishing.
    10. Islahi, Abdul Azim, 2009. "Islamic economic thinking in the 12th AH/18th CE century with special reference to Shah Wali-Allah al-Dihlawi," MPRA Paper 75432, University Library of Munich, Germany, revised 2009.
    11. Islahi, Abdul Azim, 2006. "The emergence of mercantilism as a reaction against Muslim power: some of the evidences from history," MPRA Paper 18384, University Library of Munich, Germany, revised 18 Feb 2007.
    12. Islahi, Abdul Azim, 2006. "Works on market supervision and shar'iyah governance (al-hisbah wa al-siyasah al-shar'iyah) by the sixteenth century scholars," MPRA Paper 18445, University Library of Munich, Germany, revised 25 Nov 2006.
    13. Abdul Azim Islahi, 2014. "Muslim contributions to economics science," Chapters, in: M. Kabir Hassan & Mervyn K. Lewis (ed.), Handbook on Islam and Economic Life, chapter 2, pages iii-iii, Edward Elgar Publishing.
    14. Nashihah, Faidatun, 2019. "Market mechanisms in conventional economics and Islamic Economics," MPRA Paper 93190, University Library of Munich, Germany, revised 02 Apr 2019.
    15. Zafar Iqbal & Mervyn K. Lewis, 2014. "Zakat and the economy," Chapters, in: M. Kabir Hassan & Mervyn K. Lewis (ed.), Handbook on Islam and Economic Life, chapter 23, pages iii-iii, Edward Elgar Publishing.
    16. Jaelani, Aan, 2013. "Institusi Pasar dan Hisbah: Teori Pasar dalam Sejarah Pemikiran Ekonomi Islam [Markets and Hisbah Institutions: A Theory of Market in the History of Islamic Economic Thought]," MPRA Paper 71921, University Library of Munich, Germany, revised 29 Nov 2013.
    17. Mervyn K. Lewis, 2014. "Principles of Islamic corporate governance," Chapters, in: M. Kabir Hassan & Mervyn K. Lewis (ed.), Handbook on Islam and Economic Life, chapter 13, pages iii-iii, Edward Elgar Publishing.
    18. M. Kabir Hassan & Mervyn K. Lewis (ed.), 2014. "Handbook on Islam and Economic Life," Books, Edward Elgar Publishing, number 16009.

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