The rule of law, constitutional democracy, and market economy are taken as the core institutions of free societies. After arguing that shared values heavily influence institutions, it is asked whether Islamic values are conducive to those institutions. The values are ascertained via the economic ethics of Islam as lived today and the attitudes of some Muslim populations via the analysis of a recent opinion poll. Neither the values nor the attitudes of Muslim societies seem particularly supportive of the institutions of a free society.
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Paper provided by The Ratio Institute in its series Ratio Working Papers with number
43.
Length: 36 pages Date of creation: 17 May 2004 Date of revision:
20 Dec 2004 Publication status: Forthcoming in The Independent Review. Handle: RePEc:hhs:ratioi:0043
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Find related papers by JEL classification: H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government K10 - Law and Economics - - Basic Areas of Law - - - General (Constitutional Law) N45 - Economic History - - Government, War, Law, and Regulation - - - Asia including Middle East P51 - Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems Z13 - Other Special Topics - - Cultural Economics - - - Social Norms and Social Capital; Social Networks Economic Anthropology
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Rafael La Porta & Florencio Lopez-de-Silane & Andrei Shleifer & Robert W. Vishny, 1996.
"Trust in Large Organizations,"
NBER Working Papers
5864, National Bureau of Economic Research, Inc.
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