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Palgrave Macmillan

Prophecy, Piety, and Profits

A Conceptual and Comparative History of Islamic Economic Thought

  • Book
  • © 2018

Overview

  • Explores Islamic perspectives on the history of economic concepts and ideas
  • Features comparative analyses of various popular schools of thought
  • Argues that knowledge of both theoretical and practical elements is vital to understanding and explaining economic phenomena

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Table of contents (25 chapters)

  1. Wealth and Poverty

  2. Charity and Usury

Keywords

About this book

This book examines, in greater depth than the existing literature, the history of Islamic economic thought. It seeks to introduce Islamic views to debates surrounding critical economic concepts, such as scarcity, wealth, poverty, charity, usury, self-interest, rationality, and markets. It does so through a comparative analysis with the views of Judaic, Christian, and secular economic thought. “Prophecy” is meant to signify the theoretical dimension of religion, while “piety” represents its practical element; neither part is feasible without the other. Together, prophecy and piety inform the Islamic view of economic concepts and phenomena. This view seeks to adjust our approach to profits, both in this world and the next, and seeks to reexamine what is truly profitable and worthy of sacrifice.

Authors and Affiliations

  • Economics, The University of Michigan - Dearborn, Dearborn, MI, USA

    Ayman Reda

About the author

Ayman Reda is a Lecturer at the University of Michigan–Dearborn, USA. He has a PhD in Economics from Michigan State University, and specializes in the history of Islamic economic thought. His professional record includes several articles in internationally recognized journals, conference presentations, invitations to seminars, research grants, and book reviews.

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