Market and Morality

Author: Hakan Şahin* (*) Hakan Şahin is a PhD candidate in Islamic Economics and Finance in Istanbul University. He lectures and publishes on Islam and free market economy; natural rights, civil society, as well as the history of money and banking and runs related seminars in Association for Liberal Thinking. He is also the editor…

Details

The Libertarian Character of the Islamic Economy

Author: Ali Salman* This article was motivated by a proposal made by Nigel Ashford of The Institute of Humane Studies during a meeting of the Mont Pelerin Society in Istanbul in October 2011, that evidence of a libertarian tradition be sought within the history of Islamic thought. It was originally published in Economic Affairs. (*) Visiting Fellow…

Details

Is Islam Compatible with Capitalism

The Middle East’s future depends on the answer Author: Guy Sorman* The moment you arrive at the airport in Cairo, you discover how little Egypt—the heart of Arab civilization—is governed by the rule of law. You line up to show your passport to the customs officer; you wait and wait and wait. Eventually, you reach…

Details

Early Islam and the Birth of Capitalism

Dr. Benedikt Koehler is a historian, a former banker and an expert in early Islamic Economics. As part of a new three-year “History of Capitalism” course, Dr. Koehler delivered an inaugural lecture based on his book, “Early Islam and the Origins of Capitalism”. In his lecture, Koehler proposed a strikingly original thesis; that capitalism first…

Details

Ibn Khaldun, Islam’s Man for All Seasons

Author: Dr. Benedikt Koehler* Tensions tearing at the basis of Islamic societies are never more acute than when stoked in the name of Islam. Idealists invoking Islam as a lever for change spark upheavals that time and again hand power to cynics. Looking for an explanation why Islamic societies wallow in paralysis, some suggest Islamic…

Details