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Capitalist Traditions in Early Arab-Islamic Civilization |
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By: FSTC Limited, Fri 21 November, 2008 |
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In the following article, Professor S. M. Ghazanfar, a specialist in the history of economic thought in the Islamic civilisation, explores the evidence concerning the roots of historical "capitalism" as it evolved in the early Islamic world. After delineating the geographical extent of capitalistic, commercial/business ventures in the early Islamic world, he discusses the major centres of Islamic commerce, then focuses on the nature and content of the economic activities undertaken by the early Muslim entrepreneurs, and describes the development of financial institutions. Finally, the article concludes with the argument that, notwithstanding the relatively recent origin of the nomenclature, the capitalistic system indeed was the prevailing mode of economic activities in the early Islamic civilization.
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A ‘Gap-Filling’ Book on Islamic Economic Thought Buy Viagra, Cialis, Levitra online |
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By: FSTC Limited, Thu 16 October, 2008 |
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This book is a collection of previously-published papers on the origins of economic thought discovered in the writings of some prominent Islamic scholars belonging to the five centuries prior to the pre-modern era. This period was labelled by the late Joseph Schumpeter in the 1950s as representing the "great gap" in literary history, in particular the history of economic thought. Since then, this mishap, already well embedded in the relevant literature, was further strengthened and perpetuated. However, during this period the Islamic civilisation was about the most fertile grounds for intellectual developments in various disciplines, including economics. The present single-volume collection of papers attempts to fill that blind-spot in the history of economic thought.
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Lord Vivian Bowden on Muslim Heritage in Economics and Fiscal System |
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By: FSTC Limited, Thu 21 September, 2006 |
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Lord Bowden was a legendary Principal and Vice Chancellor of UMIST. He had an interest about Muslim Heritage in Economics and Trade. He was so interested in the subject that he established an institute for the History of Islamic Science and Commerce. This article includes his views on the subject published at the time.
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Artillery Trade of the Ottoman Empire |
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By: Dr. Salim Ayduz - Researcher at FSTC, Scholar at the University of Manchester and Fatih University, Fri 08 September, 2006 |
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Trade has no borders. During times of hostility between the Ottoman Empire and Europe, European traders were not only trading with the Ottomans but trading in contraband war materials. This article provides an insight into trade that shaped history.
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The Economic Theory of Ibn Khaldun and the Rise and Fall of Nations |
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By: Dr. Selim Cafer Karatas, Thu 18 May, 2006 |
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Ibn Khaldun is remembered as one of the forerunners and models within the field of history and the philosophy of history, his contributions being both weighty and incisive. However, what are perhaps not as well known are Ibn Khaldun's economic theories and observation gleaned from his study of history. Within this area Ibn Khaldun predates such figures as Adam Smith by centuries, on issues such as Specialisation and Economic Surplus, and much more. This article delves deeper into the economic reflections on Ibn Khaldun, and their importance in today's world.
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Ottoman Cash Endowments |
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By: FSTC LImited, Sun 27 June, 2004 |
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Cash endowments contributed to Ottoman society, without any cost to the State, by organizing and financing expenditures on education, health, welfare and a host of other activities.
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The Destruction of the Muslim Economic System: A Prime reason for the Decline of Muslim Science |
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By: FSTC Limited, Wed 19 May, 2004 |
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Attacks on Islamic centres of wealth on land and on sea by Western Christian pirates greatly reduced the economic power of Muslim lands. North Africa became economically impoverished as the Trans-Saharan traffic, which had sustained it, was diverted to European vessels operating along the Atlantic coast of West Africa.
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Fatimid Coins (909-1171CE) |
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By: FSTC Limited, Sun 18 January, 2004 |
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During the Fatimid Dynasty, Islamic coins were of such high quality and so abundant that they became the most wide-spread trade coins of the Mediterranean world.
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Andalusian Coins (711-1494CE) |
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By: FSTC Limited, Sun 18 January, 2004 |
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Muslims minted their first gold coins when they entered Spain in 711CE. The new coins were modelled in size and design after the Arab-Byzantine but their inscriptions were in Latin. A large star in the centre of the obverse field distinguished the Islamic Spanish coin from the Arab-Latin one.
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Abbasid Coins (750-1258CE) |
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By: FSTC Limited, Sun 18 January, 2004 |
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The Abbasid Dynasty experimented with different kinds of coins. They improved the appearance of coins using a more elegant form of Kufic script and the legends and the size of the legends on the dinars were changed so that they could include two margins.
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