Islamic Economics: A Short History

political fragmentation and cultural diversity 243 whose work, Earnings, was examined earlier (Chapter 5), did not put agricultu ...

244 chapter six Man and Money It is interesting to note that, although his discussion of money was brief, al-A›fahànìraised some ...

political fragmentation and cultural diversity 245 beings should not only be for the purpose of avoiding God’s dissat- isfaction ...

246 chapter six At an early age, he was appointed lecturer at the Nizamiah School in Baghdad by the Turkish ruler, where he mixe ...

political fragmentation and cultural diversity 247 show and power, evils of self conceit and pride, and evils of vanity. The siz ...

248 chapter six and mathematics are Fardh Kifayah... and the sciences which should be learnt for agriculture, administration, in ...

political fragmentation and cultural diversity 249 but its value lies in the fact that it assumes pictures of all things” (Vol. ...

250 chapter six Al-Ghazàlì emphasised further, “if the various kinds of trade and industry are given up, it will be difficult fo ...

political fragmentation and cultural diversity 251 al-Ghazàlìfrom the others in this respect is that he provided a quan- titativ ...

252 chapter six makes the return to the life-after his sole object of life and remains busy in earning his livelihood, and (c) t ...

political fragmentation and cultural diversity 253 discussion of market conditions was to bring it to, or very near to, the cond ...

254 chapter six Ja"afer al-Dìmashqì(late 12th century) al-Isharah fi Maœàsin al-Tijarah, Book of Good Trading It is not certain ...

political fragmentation and cultural diversity 255 Third, estate properties which are divided into two main types, the first was ...

256 chapter six ownership of businesses, and the non-governmental source such as theft and forced robbery, which is illegitimate ...

political fragmentation and cultural diversity 257 Money He elucidated the reasons for the use of money as a means of exchange. ...

258 chapter six mind of a cost accountant (p. 74). His awareness of the effect of the state of demand on the price of the good c ...

political fragmentation and cultural diversity 259 despite the theory of the “law of one price”, have been acknowl- edged in Wes ...

260 chapter six that being rich is better than being poor. This was argued on two grounds: first, if the rich was rich because o ...

political fragmentation and cultural diversity 261 after discovering some market irregularities during a round of inspec- tion. ...

262 chapter six was the chief judge AbùYa"ala al-Fara", who was born some fifteen years after al-Màwardì, (988–1066). He also wr ...