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Is Morality-Based Islamic Economics an Answer to the Global Financial Crisis? by: Jean-Yves Moisseron هل الاقتصاد الإسلامي القائم على الأخلاق هو الحل للأزمة المالية العالمية؟ جان ايف مويسرون

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  • Charles Tripp

    (Professor of Politics with reference to the Middle East, at the School of Oriental and African Studies, University of London and a Fellow of the British Academy.)

Abstract

One of the features of any hegemonic system of thought and practice is that while it may be possible to think and act against it, the difficulties of thinking and acting outside the terms of reference that have been set by it are immense. Something of this kind has affected the capacity of many of those who have tried to think and act outside the global field established by the historical phenomenon of industrial and financial capitalism. In the 19th century this applied to those who sought to salvage something from a pre-industrial and pre-capitalist economic system to secure a more reassuring foundation for the moral economy; whilst at the same time providing the material resources to establish a true alternative to capitalist enterprise. Only in certain very circumscribed fields, such as the mutual societies, the friendly societies and the co-operatives did these efforts succeed, at least for a time. --

Suggested Citation

  • Charles Tripp, 2014. "Is Morality-Based Islamic Economics an Answer to the Global Financial Crisis? by: Jean-Yves Moisseron هل الاقتصاد الإسلامي القائم على الأخلاق هو الحل للأزمة المالية العالمية؟ جان ايف مويسرون," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 27(1), pages 143-146, January.
  • Handle: RePEc:abd:kauiea:v:27:y:2014:i:1:no:7:p:143-146
    DOI: 10.4197/Islec.27-1.7
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