The Monetary Thought of Two Sixteenth-Century Muslim Scholars

2008 ◽  
Vol 25 (4) ◽  
pp. 46-60
Author(s):  
Abdul Azim Islahi

Muslim scholars of the sixteenth century continued the tradition of writing on economic issues. Their work, however, is characterized by the period’s overall feature of imitation and repetition and thus reflects hardly any advancement of monetary thought since the works of earlier Muslim scholars. This is clearly reflected in the two representative treatises on money: those of al-Suyuti (d. 1506), written at the beginning of the century, and of al-Tumurtashi (d. 1598), written at its end. The history of Islamic economic thought is a well-researched area of Islamic economics. To the best of our knowledge, however, all such research stopped at the end of the fifteenth century, the age of Ibn Khaldun and al-Maqrizi. The present paper seeks to advance this research and intends to investigate the monetary thought of Muslim scholars during the sixteenth century (corresponding to the hijr¥ years of 906 to 1009.) Beginning with an overview of earlier monetary thought in Islam to provide the necessary background information, it then goes on to note that particular century’s monetary problems in order to provide a perspective for the discussion of monetary thought among Muslim scholars. For the purpose of comparison, European monetary thought of the same period is also analyzed. Due to limitations of time and space, this paper concentrates on the relevant treatises and does not deal with the piecemeal opinions scattered throughout the voluminous corpus of Islamic literature. Thus, it focuses on al-Suyuti and al-Tumurtashi, as I could locate only their two exclusively monetary works. Hopefully this modest initiative will spur others to conduct more extensive research on the subject.

2008 ◽  
Vol 25 (4) ◽  
pp. 46-60
Author(s):  
Abdul Azim Islahi

Muslim scholars of the sixteenth century continued the tradition of writing on economic issues. Their work, however, is characterized by the period’s overall feature of imitation and repetition and thus reflects hardly any advancement of monetary thought since the works of earlier Muslim scholars. This is clearly reflected in the two representative treatises on money: those of al-Suyuti (d. 1506), written at the beginning of the century, and of al-Tumurtashi (d. 1598), written at its end. The history of Islamic economic thought is a well-researched area of Islamic economics. To the best of our knowledge, however, all such research stopped at the end of the fifteenth century, the age of Ibn Khaldun and al-Maqrizi. The present paper seeks to advance this research and intends to investigate the monetary thought of Muslim scholars during the sixteenth century (corresponding to the hijr¥ years of 906 to 1009.) Beginning with an overview of earlier monetary thought in Islam to provide the necessary background information, it then goes on to note that particular century’s monetary problems in order to provide a perspective for the discussion of monetary thought among Muslim scholars. For the purpose of comparison, European monetary thought of the same period is also analyzed. Due to limitations of time and space, this paper concentrates on the relevant treatises and does not deal with the piecemeal opinions scattered throughout the voluminous corpus of Islamic literature. Thus, it focuses on al-Suyuti and al-Tumurtashi, as I could locate only their two exclusively monetary works. Hopefully this modest initiative will spur others to conduct more extensive research on the subject.


2015 ◽  
Vol 53 (3) ◽  
pp. 675-677

Volker Nienhaus of INCEIF reviews “History of Islamic Economic Thought: Contributions of Muslim Scholars to Economic Thought and Analysis”, by Abdul Azim Islahi. The Econlit abstract of this book begins: “Explores the contributions of Muslim scholars to economic thought throughout history and the ways in which Muslim ideas reached the European West. Discusses the phases of the development of Islamic economic thought; the Islamic tradition in economic thought (I)—theories of value, market, and pricing; the Islamic tradition in economic thought (II)—production and distribution; the Islamic tradition in economic thought (III)—money and interest; the Islamic tradition in economic thought (IV) —state, finance, and development; the net addition and impact on economic thinking of medieval Europe; and the links between Muslim thought and mainstream economics.” Islahi is Professor in the Islamic Economics Institute at King Abdulaziz University.


Author(s):  
Menachem Kellner

This is a book on history of ideas which traces the development of creed formation in Judaism from its inception with Moses Maimonides (1138–1204) to the beginning of the sixteenth century when systematic attention to the problem disappeared from the agenda of Jewish intellectuals. The dogmatic systems of Maimonides, Duran, Crescas, Albo, Bibago, Abravanel, and a dozen lesser-known figures are described, analysed, and compared. Relevant texts are presented in English translation. For the most part these are texts which have never been critically edited and translated before. Among the theses defended in the book are the following: that systematic attention to dogma qua dogma was a new feature in Jewish theology introduced by Maimonides (for reasons examined at length in the book); that the subject languished for the two centuries after Maimonides’ death until it was revived in fifteenth-century Spain in response to Christian attacks on Judaism; that the differing systems of dogma offered by medieval Jewish thinkers reflect not different conceptions of what Judaism is, but different conceptions of what a principle of Judaism is; and that the very project of creed formation reflects an essentially Greek as opposed to a biblical/rabbinic view of the nature of religious faith and that this accounts for much of the resistance which Maimonides’ innovation aroused.


Author(s):  
Aleksandar Gajic

Theories of social collapse are not only the views that characterize ?societies deep in crisis?, but rather an expression of lack of belief in prosperity and central importance of the civilization in which we live. These theories follow processes of degradation of human societies, the decline of civilization`s powers and the loss of its cultural values resulting in their complete disappearance. This paper defines the subject of study and provides an overview of the history of these theories and their contemporary types by taking the main causes of collapse criteria as the basis for theory building. After the review of contemporary multi-factor analysis of collapse, mainly within the science of complex systems, full attention is focused on two atypical, yet very productive, contemporary theories of social collapse that are elaborated in detail: Jared Diamond`s theory, which studies social collapses by observing relations of other variables that can lead to collapse with environmental problems as central; and Peter Turchin`s theory which, revitalizing with modern scientific achievements Ibn Khaldun`s classical theory of ?asabia? (group feeling, spirit of community), sees social collapses as a consequence of the decline of cohesion provided by asabia. The final part of the work gives a critical review of these two theories and their relation with classical theories of social collapse (primarily those of Arnold Toynbee) and points to their mutual productive complementarity.


2008 ◽  
Vol 1 (1) ◽  
pp. 107 ◽  
Author(s):  
Maria Cristina Marcuzzo

The purpose of this paper is to clarify the nature of research methods in the history of economic thought. In reviewing the "techniques" which are involved in the discipline, four broader categories are identified: a) textual exegesis; b) "rational reconstructions"; c) "contextual analysis"; and d) "historical narrative". After examining these different styles of doing history of economic thought, the paper addresses the question of its appraisal, namely what is good history of economic thought. Moreover, it is argued that there is a distinction to be made between doing economics and doing history of economic thought. The latter requires the greatest possible respect for contexts and texts, both published and unpublished; the former entails constructing a theoretical framework that is in some respects freer, not bound by derivation, from the authors. Finally, the paper draws upon Econlit records to assess what has been done in the subject in the last two decades in order to frame some considerations on how the past may impinge on the future.


Author(s):  
Benaouda Bensaid ◽  
Salah Machouche

This chapter seeks to explore the crossroads between learning in Islam and spirituality, and also the methods according to which Muslim instructors shape students' experiences in a context of piety development. This study also examines questions pertaining to the concept of spirituality in education, methods pedagogic principles that further merge spiritual discipline with knowledge acquisition. The theoretical research draws on the textual analysis of early works of Muslim scholars, more specifically on Abdul Ibn Khaldun and Abu Hamid al-Ghazali, given their prominent positions in the history of Muslim education. This study shows that the Islamic learning has always taken students' spiritual growth for granted and has, despite differences of practices across Muslim regions, always maintained the refining of learners' spiritual character.


1956 ◽  
Vol 3 (02) ◽  
pp. 68-114
Author(s):  
Hugh Aveling

In the middle ages the Fairfaxes ranked amongst the minor landed gentry of Yorkshire. They seem to have risen to this status in the thirteenth century, partly by buying land out of the profits of trade in York, partly by successful marriages. But they remained of little importance until the later fifteenth century. They had, by then, produced no more than a series of bailiffs of York, a treasurer of York Minster and one knight of the shire. The head of the family was not normally a knight. The family property consisted of the two manors of Walton and Acaster Malbis and house property in York. But in the later fifteenth century and onwards the fortunes of the family were in the ascendant and they began a process of quite conscious social climbing. At the same time they began to increase considerably in numbers. The three main branches, with al1 their cadet lines, were fixed by the middle of the sixteenth century – the senior branch, Fairfax of Walton and Gilling, the second branch, Fairfax of Denton, Nunappleton, Bilhorough and Newton Kyme, the third branch, Fairfax of Steeton. It is very important for any attempt to assess the strength and nature of Catholicism in Yorkshire to try to understand the strong family – almost clan – unity of these pushing, rising families. While adherence to Catholicism could be primarily a personal choice in the face of family ties and property interests, the history of the Faith in Yorkshire was conditioned greatly at every point by the strength of those ties and interests. The minute genealogy and economic history of the gentry has therefore a very direct bearing on recusant history.


1905 ◽  
Vol 51 (212) ◽  
pp. 1-51
Author(s):  
W. Lloyd Andriezen

Science, whose high aim it is to investigate Nature, to under stand her secret workings, and thus to win for man the mastery of Nature, must set out with the conviction that Nature is intelligible, comprehensible, and conquerable. In the domain of biological science the problem of heredity occupies a position of great importance, one full of interest to every student of life. For the serious thinker who has not only looked backwards and studied the past of the human race but is inspired by ideals and desires for its future good, the subject of heredity provides an inspiring theme for contemplation and study. The development of our knowledge and the history of human endeavours to reach a complete understanding of the phenomena and conditions of heredity form one of the most interesting chapters in human evolution. Theories of heredity, like theories regarding other phenomena of life, have been expressed in three sets of terms: theological, metaphysical, and scientific. It required no skilled observation of early man to see that in the act of fecundation the male furnished the seminal substance, whereas the female seemed to furnish nothing except the receptacle or “mould,” in the form of the womb, within which the fótus was formed. Thus, what was more natural than to suppose that heredity was solely paternal, that the male element was the germ or seed, and the female organs the soil, in which, by some mysterious process, growth and development of the germ took place. This view of heredity has been expounded in the Manava Dharma-Sastra, one of the ancient sacred books of the Hindus (Delage, L'hérédité, 1903, p. 380). The same view, more or less modified according to the prevailing state of knowledge, was current among the ancient Greeks (Eristratos, Diogenes, and others). Galen and the school of philosophers of Alexandria also upheld the doctrine of the paternal factor of heredity, and thus constituted themselves the school of the Spermatists. Spermatist views prevailed for many centuries, and when towards the close of the seventeenth century Leeuwenhoeck discovered the presence of spermatozoa by the aid of the microscope, the spermatists had a season of rejoicing. Hartsoeker (1694) supposed that within the spermatozoon there was a little being, a human being, in miniature, with all its parts and organs complete, and figured a spermatozoon (highly magnified, of course) in which the little “homunculus” is to be seen seated within the “head” of the former with its arms and legs folded together in small compass, somewhat like a fcetus in utero. The theory of the spermatists was not destined to remain in undisputed possession of the field. The rival school of Harvey in the sixteenth century taught that the semen or sperm did not fertilise the ovum nor even enter the womb, but that it fertilised the entire constitution of the mother by a sort of contagion which rendered her capable of acting as the stimulus of development for the ova in the uterus, and Descartes, in the early part of the seventeenth century, entertained the same views. The ovists now claimed that all the organs of the future being already existed, preformed in miniature, in the ovum, as opposed to the spermatists, who claimed the same preformed structure for the spermatozoon. To the ovists, therefore, the act of fecundation was only an impulse or stimulus to development communicated by the male element to the ovum; the male contributed nothing material in forming the parts and organs of the fótus which existed, preformed in the ovum, so that the child was the product of the mother alone. Among the upholders of the ovist theory, in the eighteenth century were Malpighi, Haller, Bonnet, and Spallanzani. Difficulties, however, arose over both these theories of exclusive inheritance, for the ovists could not explain how the offspring sometimes resembled the father rather than the mother, and the spermatists could not account for cases of close resemblance between the mother and offspring, while neither could, again, account for cases of the mixed or blended resemblance of the offspring to both parents. The theory of preformation gradually lost its interest and its vitality, and received its death-blow at the hands of Wolff (1759), who, not only by theoretical arguments but by indisputable facts as to the nature and process of development of the hen's egg, demonstrated the baselessness of the fancies of the pre-formationists, whether of the spermatic or ovarian school. Finally, there gradually grew up in the nineteenth century the modem view that the male and female (germ and sperm) cells of the respective parents contributed in equal, or nearly equal, proportions to the constitution of the embryo, and that the environment and nourishment of the fertilised ovum during its growth and evolution in the womb was a third factor of importance, especially in the case of those animals which went through a long period of intra-uterine growth and evolution, as in the case of man and the higher mammals.


1967 ◽  
Vol 10 (1) ◽  
pp. 57-76
Author(s):  
Edwin Jones

John Lingard (1771–1851) was the first English historian to attempt to look at the history of England in the sixteenth century from an international point of view. He was unconvinced by the story of the Reformation in England as found in the works of previous historians such as Burnet and Hume, and believed that new light needed to be thrown on the subject. One way of doing this was to look at English history from the outside, so to speak, and Lingard held it to be a duty of the historian ‘to contrast foreign with native authorities, to hold the balance between them with an equal hand, and, forgetting that he is an Englishman, to judge impartially as a citizen of the world’. In pursuit of this ideal Lingard can be said to have given a new dimension to the source materials for English history. As parish priest in the small village of Hornby, near Lancaster, Lingard had few opportunities for travel. But he made good use of his various friends and former pupils at Douai and Ushaw colleges who were settled now in various parts of Europe. It was with the help of these friends that Lingard made contacts with and gained valuable information from archives in France, Italy and Spain. We shall concern ourselves here only with the story of Lingard's contacts with the great Spanish State Archives at Simancas.


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