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Open Access research with a European policy impact...

The Strathprints institutional repository is a digital archive of University of Strathclyde's Open Access research outputs. Strathprints provides access to thousands of Open Access research papers by Strathclyde researchers, including by researchers from the European Policies Research Centre (EPRC).

EPRC is a leading institute in Europe for comparative research on public policy, with a particular focus on regional development policies. Spanning 30 European countries, EPRC research programmes have a strong emphasis on applied research and knowledge exchange, including the provision of policy advice to EU institutions and national and sub-national government authorities throughout Europe.

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A historical view of the (re)formation of markets in the context of Islamic capitalism (7th -13th centuries)

Jafari, Aliakbar (2010) A historical view of the (re)formation of markets in the context of Islamic capitalism (7th -13th centuries). In: 1st Interdisciplinary Market Studies Workshop, 2010-06-03 - 2010-06-04. (Unpublished)

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Abstract

Following a Weberian approach, in this paper, I expand on Islam and discuss that religion itself is one of the main causes that historically paved the way for the rapid development of markets in the Medieval Islamic period. Contrary to general belief, that there is an essential and philosophical discrepancy between Islam and secularity, I argue that secularity itself is embedded within the discourse and practice of Islam. Religious secularity is as much a cause of the rise of socio-economic development and market expansions as it is the consequence of them. I discuss that, through creating economic and socio-cultural values, markets not only did not push religion out of public sphere, but they further strengthened the foundations of religion.