Economic theories of Ibn Khaldun from his great work, Muqaddimah

The article deals with the economic theories of the prominent scholar of 14th century, 'Abd ai-Rahman bin Muhammad ibn Khaldun as it was propounded from one of his major works The Muqadimah "Introduction" or "Prolegomena, " which was written as an introduction to "Th...

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Main Authors:	Ogunbado, Ahamad Faosiy, Zein, Ibrahim Mohamed
Format:	Article
Language:	English
Published:	Postgraduate Student Society IIUM 2009
Subjects:	HC Economic History and Conditions
Online Access:	http://irep.iium.edu.my/9080/ http://irep.iium.edu.my/9080/1/Ar-risalah_English_-_69-88.pdf

id	iium-9080
recordtype	eprints
spelling	iium-90802011-12-20T07:55:38Z http://irep.iium.edu.my/9080/ Economic theories of Ibn Khaldun from his great work, Muqaddimah Ogunbado, Ahamad Faosiy Zein, Ibrahim Mohamed HC Economic History and Conditions The article deals with the economic theories of the prominent scholar of 14th century, 'Abd ai-Rahman bin Muhammad ibn Khaldun as it was propounded from one of his major works The Muqadimah "Introduction" or "Prolegomena, " which was written as an introduction to "The World History" or Kitab al- 'ibar, wa diwan al-Mubtada' wa al-Khabar. After presenting the icon and some of his works, the paper explains the principal crafts or works, which Ibn Khaldun believes as the most necessary for human existence and necessity for their survival. The Article also explains labour as a source of value in khaldunian's theory, where the concept of rizq "sustenance" is expounded. Division of labour is one of the important concepts in contemporary economics; Ibn Khaldun has discussed it in his landmark book and concludes that cooperation is needed between each division and specialization. The article also touches the theory of demand and supply and relationship between both, which is regarded as determinant factors for the price of commodity in the market as projected in Muqadimmah. The article explores the Theory of Money, its value and its relation to income and expenditure; it provides khaldunian's argument against modern money theory. It also investigates theory of taxation as speculated by Ibn Khaldun. The study is based on library research whereby, books, articles are consulted. Magazines and on-line journal articles are of great use in conducting this study. However, the main reference is Muqaddimah. Postgraduate Student Society IIUM 2009-12 Article PeerReviewed application/pdf en http://irep.iium.edu.my/9080/1/Ar-risalah_English_-_69-88.pdf Ogunbado, Ahamad Faosiy and Zein, Ibrahim Mohamed (2009) Economic theories of Ibn Khaldun from his great work, Muqaddimah. Al-Risala, 9 (9). pp. 69-88. ISSN 1675-3593
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HC Economic History and Conditions
spellingShingle	HC Economic History and Conditions Ogunbado, Ahamad Faosiy Zein, Ibrahim Mohamed Economic theories of Ibn Khaldun from his great work, Muqaddimah
description	The article deals with the economic theories of the prominent scholar of 14th century, 'Abd ai-Rahman bin Muhammad ibn Khaldun as it was propounded from one of his major works The Muqadimah "Introduction" or "Prolegomena, " which was written as an introduction to "The World History" or Kitab al- 'ibar, wa diwan al-Mubtada' wa al-Khabar. After presenting the icon and some of his works, the paper explains the principal crafts or works, which Ibn Khaldun believes as the most necessary for human existence and necessity for their survival. The Article also explains labour as a source of value in khaldunian's theory, where the concept of rizq "sustenance" is expounded. Division of labour is one of the important concepts in contemporary economics; Ibn Khaldun has discussed it in his landmark book and concludes that cooperation is needed between each division and specialization. The article also touches the theory of demand and supply and relationship between both, which is regarded as determinant factors for the price of commodity in the market as projected in Muqadimmah. The article explores the Theory of Money, its value and its relation to income and expenditure; it provides khaldunian's argument against modern money theory. It also investigates theory of taxation as speculated by Ibn Khaldun. The study is based on library research whereby, books, articles are consulted. Magazines and on-line journal articles are of great use in conducting this study. However, the main reference is Muqaddimah.
format	Article
author	Ogunbado, Ahamad Faosiy Zein, Ibrahim Mohamed
author_facet	Ogunbado, Ahamad Faosiy Zein, Ibrahim Mohamed
author_sort	Ogunbado, Ahamad Faosiy
title	Economic theories of Ibn Khaldun from his great work, Muqaddimah
title_short	Economic theories of Ibn Khaldun from his great work, Muqaddimah
title_full	Economic theories of Ibn Khaldun from his great work, Muqaddimah
title_fullStr	Economic theories of Ibn Khaldun from his great work, Muqaddimah
title_full_unstemmed	Economic theories of Ibn Khaldun from his great work, Muqaddimah
title_sort	economic theories of ibn khaldun from his great work, muqaddimah
publisher	Postgraduate Student Society IIUM
publishDate	2009
url	http://irep.iium.edu.my/9080/ http://irep.iium.edu.my/9080/1/Ar-risalah_English_-_69-88.pdf
first_indexed	2023-09-18T20:18:53Z
last_indexed	2023-09-18T20:18:53Z
_version_	1777407972552474624

Economic theories of Ibn Khaldun from his great work, Muqaddimah

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