Office Hours with Timur Kuran on Economic Development in the Islamic World

Duke University professor Timur Kuran discusses the economic development of the Muslim world. Learn more at econ.duke.edu

[@indiegirlrocking]

i just listened to this...very very interesting...Good judgement Professor..!

[@inter3684]

very insightful, thank you

[@inter3684]

Islam, doesn't approve Capitalism as a whole, although running a private business is completely permissible, still privatizing everything is not promoted in Islam. Certain resources, like oil, water, forests are considered public property and cannot be privatized. I assume Consumerism is morally wrong therefore haram. Modern technology and mass production is questionable as to their compatibility with islam. There're a lot of question marks. Islamic economy is more similar to feudal economy rather than to capitalist economy. my understanding is Islamic economical system is somewhere between ideal capitalism and ideal communism. it is the mid way between the two

[@andiwahyu7708]

Take the good side from both...and with ethics...