Details

Early Islam and the Birth of Capitalism

von: Benedikt Koehler
48,99 €
Verlag:	Lexington Books
Format:	EPUB
Veröffentl.:	17.06.2014
ISBN/EAN:	9780739188835
Sprache:	englisch
Anzahl Seiten:	234

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Beschreibungen

Titelbeschreibung

Early Islam and the Birth of Capitalism proposes a strikingly original thesis—that capitalism first emerged in Arabia, not in late medieval Italian city states as is commonly assumed. Early Islam made a seminal but largely unrecognized contribution to the history of economic thought; it is the only religion founded by an entrepreneur. Descending from an elite dynasty of religious, civil, and commercial leaders, Muhammad was a successful businessman before founding Islam. As such, the new religion had much to say on trade, consumer protection, business ethics, and property. As Islam rapidly spread across the region so did the economic teachings of early Islam, which eventually made their way to Europe.
 
 Early Islam and the Birth of Capitalism demonstrates how Islamic institutions and business practices were adopted and adapted in Venice and Genoa. These financial innovations include the invention of the corporation, business management techniques, commercial arithmetic, and monetary reform. There were other Islamic institutions assimilated in Europe: charities, the waqf, inspired trusts, and institutions of higher learning; the madrasas were models for the oldest colleges of Oxford and Cambridge. As such, it can be rightfully said that these essential aspects of capitalist thought all have Islamic roots.

Titelkurzbeschreibung

Early Islam and the Birth of Capitalism shows that globalized trade and capitalism originated in trade practices of pre-Islamic Arabs, and brought to European markets through European trade partners in the Middle Ages. Promotion of free trade across the Mediterranean in the Middle Ages created the condition for capitalism to emerge in Europe.

Inhaltsverzeichnis

The Richest Man in Arabia
 
Markets without Government
 
Family Matters
 
A Mosque, a Market, and a War
 
Muhammad’s Household Finances
 
Muhammad’s Executive Office
 
Muhammadan Taxation
 
Succession
 
Rise of the Rashidun Caliphs
 
Decline of the Rashidun Caliphs
 
Journey to Jerusalem
 
Islamic Gold Currency
 
Bankers of Baghdad
 
Islamic Philanthropy: Waqfs
 
Islamic Venture Capital: Qirâds
 
Islamic Trade Centres: Funduqs
 
Law in Early Islam
 
From Law to Economics
 
Market Economics in Early Islam
 
Muslim Merchants Abroad
 
Shifting Alliances
 
Tax Havens in the Holy Land
 
The Economic Consequences of Saladin
 
Lives of the Merchants
 
Early Law and Economics in Christendom
 
Conclusion
 
Bibliography
 
Index

Leserinfo

Early Islam and the Birth of Capitalism shows that globalized trade and capitalism originated in trade practices of pre-Islamic Arabs, which were copied by European trade partners in the Middle Ages in European markets. Promotion of free trade across the Mediterranean in the Middle Ages created the condition for capitalism to emerge in Europe.

Autorenportrait

Benedikt Koehler is the editor of A History of Financial Disasters 1857-1923 and author of biographies of Ludwig Bamberger, one of the founders of Germany's Deutsche Bank, and of nineteenth-century political philosopher Adam Müller.