IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/18384.html
   My bibliography  Save this paper

The emergence of mercantilism as a reaction against Muslim power: some of the evidences from history

Author

Listed:
  • Islahi, Abdul Azim

Abstract

In the early modern period, changing attitude of Medieval Europe towards trade as an outcome of encounter with Muslim scholars and rulers and consequently emergence of 'mercantilism' was a turning point in the history of economic thought. The paper documents evidences which prove that initially mercantilism was a reaction against Muslim powers. In the rise of mercantilism, discovery of the New World is considered a significant factor. The main objective before explorers and pioneers of mercantilism was to strengthen their governments through the acquisition of precious metal to regain the Holy Places, defeat the enemy, check the expanding power of Muslim rivals and spread Christianity. However, later it ended up in an effective economic movement.

Suggested Citation

  • 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.
  • Handle: RePEc:pra:mprapa:18384
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/18384/1/MPRA_paper_18384.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Islahi, Abdul Azim, 2005. "Contributions of Muslim Scholars to the History of Economic Thought and Analysis upto 15th Century," MPRA Paper 53462, University Library of Munich, Germany.
    2. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sami Al-Suwailem, 2012. "Islamic Approach To Risk المخاطرة في المفهوم الإسلامي," Chapters of books published by the Islamic Economics Institute, KAAU or its faculty members., in: Islamic Economics Institute (ed.),Lectures in Islamic Economics and Finance, Selected From Wednesday Seminars-07 محاضرات في الاقتصاد والتمويل الإسلامي ، مختارة من حوارات الأربعاء - 07, edition 1, chapter 1, pages 461-487, King Abdulaziz University, Islamic Economics Institute..
    2. Ramon VERRIER, 2012. "An Introduction To Islamic Economic Thought (Iet) مقدمة لفكرة اقتصادية إسلامية," Chapters of books published by the Islamic Economics Institute, KAAU or its faculty members., in: Islamic Economics Institute (ed.),Lectures in Islamic Economics and Finance, Selected From Wednesday Seminars-07 محاضرات في الاقتصاد والتمويل الإسلامي - مختارة من حوارات الأربعاء - 07, edition 1, chapter 9, pages 663-682, King Abdulaziz University, Islamic Economics Institute..
    3. M. Houssem eddine BEDOUI, 2012. "Shariah-based Ethical Performance Measurement Framework الإطار القائم على الشريعة لمقياس الأداء الأخلاقي," Chapters of books published by the Islamic Economics Institute, KAAU or its faculty members., in: Islamic Economics Institute (ed.),Lectures in Islamic Economics and Finance, Selected From Wednesday Seminars-07 محاضرات في الاقتصاد والتمويل الإسلامي ، مختارة من حوارات الأربعاء - 07, edition 1, chapter 4, pages 521-538, King Abdulaziz University, Islamic Economics Institute..
    4. Islahi, Abdul Azim, 2012. "The long diverfence: how Islamic law held back the Middle East by Timur Kuran," MPRA Paper 40877, University Library of Munich, Germany, revised 2012.
    5. Mohamed Ali Elgari, 2012. "Sukuk, An Economic and Shari'ah Examination الصكوك: نظرة اقتصادية وشرعية," Chapters of books published by the Islamic Economics Institute, KAAU or its faculty members., in: Islamic Economics Institute (ed.),Lectures in Islamic Economics and Finance, Selected From Wednesday Seminars-07 محاضرات في الاقتصاد والتمويل الإسلامي - مختارة من حوارات الأربعاء - 07-, edition 1, chapter 3, pages 509-520, King Abdulaziz University, Islamic Economics Institute..
    6. Islahi, Abdul Azim, 1991. "Mercantilism and the Muslim states: Lessons from the history," MPRA Paper 22632, University Library of Munich, Germany, revised 1991.
    7. Islahi, Abdul Azim, 2014. "What Did Hold Back the Middle East? The Thesis of The Long Divergence Revisited," MPRA Paper 75263, University Library of Munich, Germany, revised 2015.
    8. Adel HARZI, 2012. "The Impact of Basel III on Islamic Banks: A Theoretical Study and Comparison with Conventional Banks أثر بازل 3 على المصارف الإسلامية: دراسة نظرية مقارنة مع المصارف التقليدية," Chapters of books published by the Islamic Economics Institute, KAAU or its faculty members., in: Islamic Economics Institute (ed.),Lectures in Islamic Economics and Finance, Selected From Wednesday Seminars-07 محاضرات في الاقتصاد والتمويل الإسلامي - مختارة من حوارات الأربعاء - 07, edition 1, chapter 6, pages 591-610, King Abdulaziz University, Islamic Economics Institute..
    9. Mohammed Obaidullah, 2012. "Islamic Microfinance: Lessons from Good & Bad Practices التمويل الإسلامي الأصغر: دروس من التطبيقات الجيدة والسيئة," Chapters of books published by the Islamic Economics Institute, KAAU or its faculty members., in: Islamic Economics Institute (ed.),Lectures in Islamic Economics and Finance, Selected From Wednesday Seminars-07 محاضرات في الاقتصاد والتمويل الإسلامي - مختارة من حوارات الأربعاء - 07, edition 1, chapter 7, pages 611-625, King Abdulaziz University, Islamic Economics Institute..
    10. M. Umer Chapra, 2012. "The Islamic Vision of Development in the Light of Maqasid Al-Shariah الرؤية الإسلامية للتنمية في ضوء مقاصد الشريعة," Chapters of books published by the Islamic Economics Institute, KAAU or its faculty members., in: Islamic Economics Institute (ed.),Lectures in Islamic Economics and Finance, Selected From Wednesday Seminars-07 محاضرات في الاقتصاد والتمويل الإسلامي - مختارة من حوارات الأربعاء - 07, edition 1, chapter 5, pages 539-590, King Abdulaziz University, Islamic Economics Institute..
    11. Munawar Iqbal, 2012. "Creditor-Debtor Relations: Some Issues, Some Proposals علاقات الدائن والمدين: بعض القضايا والمقترحات," Chapters of books published by the Islamic Economics Institute, KAAU or its faculty members., in: Islamic Economics Institute (ed.),Lectures in Islamic Economics and Finance, Selected From Wednesday Seminars-07 محاضرات في الاقتصاد والتمويل الإسلامي - مختارة من حوارات الأربعاء - 07, edition 1, chapter 8, pages 627-662, King Abdulaziz University, Islamic Economics Institute..
    12. Abdul Azim Islahi, 2012. "A Critical Study of The Long Divergence: How Islamic Law Held Back the Middle East Timur Kuran (2011) دراسة نقدية عن التباعد الطويل: كيف أعاد القانون الإسلامي إعادة الشرق الأوسط تيمور كوران (2011)," Chapters of books published by the Islamic Economics Institute, KAAU or its faculty members., in: Islamic Economics Institute (ed.),Lectures in Islamic Economics and Finance, Selected From Wednesday Seminars-07 محاضرات في الاقتصاد والتمويل الإسلامي - مختارة من حوارات الأربعاء - 07, edition 1, chapter 10, pages 683-692, King Abdulaziz University, Islamic Economics Institute..
    13. Armen Papazian, 2012. "A PRODUCT THAT CAN SAVE A SYSTEM: Public Capitalization Notes منتج يستطيع إنقاذ النظام: شهادات الرسملة العامة," Chapters of books published by the Islamic Economics Institute, KAAU or its faculty members., in: Islamic Economics Institute (ed.),Lectures in Islamic Economics and Finance, Selected From Wednesday Seminars-07 محاضرات في الاقتصاد والتمويل الإسلامي - مختارة من حوارات الأربعاء - 07, edition 1, chapter 2, pages 490-508, King Abdulaziz University, Islamic Economics Institute..
    14. Islahi, Abdul Azim, 2012. "Book review: The long divergence: how Islamic law held back the Middle East by Timur Kuran," MPRA Paper 42146, University Library of Munich, Germany, revised 2012.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. 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.
    2. 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.
    3. 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.
    4. 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.
    5. 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.
    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. 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.
    8. 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.
    9. 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.
    10. 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.
    11. 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.
    12. 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.
    13. 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.
    14. 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.
    15. M. Kabir Hassan & Mervyn K. Lewis (ed.), 2014. "Handbook on Islam and Economic Life," Books, Edward Elgar Publishing, number 16009.
    16. Nashihah, Faidatun, 2019. "Market mechanisms in conventional economics and Islamic Economics," MPRA Paper 93190, University Library of Munich, Germany, revised 02 Apr 2019.
    17. 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.

    More about this item

    Keywords

    Mercantilism; History of Economic Thought; Medieval Economic History.;
    All these keywords.

    JEL classification:

    • B10 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - General
    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • N15 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Asia including Middle East
    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:18384. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.