The Islamic Economic System

Authors

Frederic L. Pryor, Swarthmore CollegeFollow

Document Type

Article

Publication Date

6-1-1985

Published In

Journal Of Comparative Economics

Abstract

The Islamic economic system is a theoretical construct of an industrial economy whose members follow the Islamic faith. This essay surveys the elements of such a system, as presented in a series of recent books on Islamic economics. Particular attention is paid to the injunction against interest payments and to the requirement of paying a wealth tax with regard to aggregate saving.

Recommended Citation

Frederic L. Pryor. (1985). "The Islamic Economic System". Journal Of Comparative Economics. Volume 9, Issue 2. 197-223. DOI: 10.1016/0147-5967(85)90039-3
https://works.swarthmore.edu/fac-economics/150