Consistency and Viability of Islamic Economic Systems and the Transition Process - John Marangos

Consistency and Viability of Islamic Economic Systems and the Transition Process
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Autor: John Marangos

 Wydawnictwo: Palgrave Macmillan
ISBN: 9781137335784
EAN:
Format: ...
Oprawa: twarda
Stron: 320
Data wydania: 2013-09-01
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Consistency and Viability of Islamic Economics Systems and the Transition Process has the crucial intention of stimulating interest in Islamic economics by studying the Islamic Republic of Iran using the analytical framework of consistency and viability. This text develops an original analytic framework to understand the relationship between the economic, political, and ideological structures, the external environment, and the process of reform that gives rise to certain economic systems by establishing consistency. Consistency, however, is not enough; a consistent economic system must be flexible and have the internal mechanisms to be able to adapt to changes in social reality, thus making possible its survival over time. In other words, the economic system is viable when it is able to encourage increases in labor productivity and there is popular support. The collapse of centrally administered socialism in Central and Eastern Europe and the former Soviet Union resulted in what was commonly referred to as the transition problem. "A major voice in development economics, Marangos provides a unique analysis with this book. Consistency and Viability of Islamic Economic Systems and the Transition Process is not just about Islamic economic systems; it takes up the experience of Eastern-European transitions. With a more complex perspective on the economics of transition, Marangos builds a general methodological frame to analyse political-economic systems in terms of consistency and viability. An integrated approach to development, transition, and systems analysis, applied to Islamic economics." - Wolfram Elsner, Professor, University of Bremen, Germany and President, European Association for Evolutionary Political Economy (EAEPE)"In a world fraught with deep-seated misunderstandings, John Marangos sheds needed light upon what could be aptly referred to as an Islamic economic system. With many systemic contradictions mediated and resolved by principled religious doctrine, Marangos skillfully elaborates this 'third' approach that in numerous respects outshines neoliberal capitalism and what existed as planned socialism. This is comparative economics at its best. Marangos' insights need to be carefully studied and then considered." - John Hall, Professor of Economics and International Studies, Portland State University, USA; and Research Professor, Halle Institute for Economic Research, USA

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John Marangos