The Economic System in Contemporary Islamic Thought: Interpretation and Assessment

  title={The Economic System in Contemporary Islamic Thought: Interpretation and Assessment},
  author={Timur Kuran},
  journal={International Journal of Middle East Studies},
  pages={135 - 164}
  • T. Kuran
  • Published 1 May 1986
  • Economics
  • International Journal of Middle East Studies
Since the late 1940s, and especially since the mid-1960s, a wealth of pamphlets, articles, and books have appeared that constitute the corpus of what is now known as “Islamic economics.” This literature, whose exponents call themselves “Islamic economists,” purports to provide the blueprint of an economic system consonant with the original sources of Islam. The central feature of the proposed system is that individuals are guided in their economic decisions by a set of behavior norms… 

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