Islam and the Path to Human and Economic Development by Abbas Mirakhor, Hossein Askari

Islam and the Path to Human and Economic Development



Download Islam and the Path to Human and Economic Development




Islam and the Path to Human and Economic Development Abbas Mirakhor, Hossein Askari
Language: English
Page: 0
Format: pdf
ISBN: 023010388X, 9780230103887
Publisher: Palgrave Macmillan

Islam and the Path to Human and Economic Development represents a path-breaking attempt at conceptualizing a genuine Islamic paradigm for developing societies. It succeeds where prior attempts have failed because it combines a vast knowledge of the subject with a coherent intellectual vision and a deeply felt passion. The book is destined to be the standard work in the area for years to come.”--Robert Looney, Distinguished Professor, Naval Postgraduate School

Crisis of Islamic Civilization, Yale University Press

Islam and the Path to Human and Economic Development is radically different. They take full advantage of the prophet Mohamed’s own words and beautifully expressed teachings to argue that the Islam of the Quran and of the Prophet provides a coherent, balanced and comprehensive framework upon which to build well-functioning societies, even today. If the institutional framework of the Quran and the Prophet is used as the foundation of such societies, not only will capital--both physical and human--and technology accumulate, so as to yield sustainable growth, but human development goals and social harmony will be achieved as well. This comprehensive framework would make for a low transactions cost world in which strong social norms would greatly reduce the need for bureaucracies and enforcement infrastructure and the likelihood of dictatorships. The authors provide their readers with an impressive tour through much of intellectual history, eloquently highlighting the unique contributions of the Prophet’s institutional infrastructure.”--Jeff Nugent, Professor of Economics, University of Southern California

Islam and the Path to Human and Economic development is a ‘must read’ for all interested in enhancing their understanding of Islam, the evolution of economists’ view on development, and the moral foundation for economic progress.”--Donald Losman, Professor of Economics, Industrial College of the Armed Forces

Abbas Mirakhor is the first holder of the chair of Islamic Finance at the International Centre For Education in Islamic Finance (INCEIF) in Malaysia. He was born in the Islamic Republic of Iran, and attended Kansas State University, where he received his Ph. D. in economics in 1969. From 1969 to 1984, he taught at a number of universities in the U.S. and in Iran. He served on the staff of the IMF from1984 until 1990, as an Executive Director at the IMF from 1990 to 2008, and as Dean of the Executive Board for much of that time. He has received several awards, including the “Order of Companion of Volta” for service to Ghana, conferred by the President of Ghana in 2005; the Islamic Development Bank Annual Prize for Research in Islamic Economics in 2003, and the “Quaid-e Azam” star for service to Pakistan, conferred by the President of Pakistan in 1997. Dr. Mirakhor is the co-author of many books and articles in Islamic economics, including Essays on Iqtisad: Islamic Approach to Economic Problems (1989), Theoretical Studies in Islamic Banking and Finance (1987), Introduction to Islamic Finance: Theory and Practice (2007), and New Issues in Islamic Finance and Economics: Progress and Challenges (2009).

Hossein Askari is Iran Professor of International Business and International Affairs at the George Washington University. He served for two-and-a-half years on the Executive Board of the International Monetary Fund and was Special Advisor to the Minister of Finance of Saudi Arabia. During the mid-1980s he directed an international team that developed a comprehensive domestic, regional, and international plan for Saudi Arabia. He received all of his education at MIT. He was Assistant Professor at Tufts University and Professor at the University of Texas at Austin. He has written extensively on economic development in the Persian Gulf, Islamic economics and finance, international trade and finance, agricultural economics, oil economics, and economic sanctions. He is the author of numerous books and articles in professional journals, and his op-eds have appeared in all of the major newspapers in the United States.

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