Saturday, February 8, 2014

Economics for Occupiers 14: Islamic Economics

A largely ignored economic system that deserves discussion because of the number of lives it currently affects is that of Islam.  Islamic economics have never been specifically defined.  The precepts of Islamic economic theory were established in a culture that was evolving from a tribal anarchy to a feudalist society.  The defining characteristics of Islamic economics would have been discarded centuries ago as unworkable, except they have the force of religious law to Muslims, who believe that they were handed down directly from Allah.

The Muslim world has been struggling to reconcile itself with the modern world throughout the twentieth century. They have been trying to overlay a medieval belief system onto modern political and economic methods with limited success.

Read more about this in chapter 10 of Economic for Occupiers, now available on

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