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Islam and Christianity: symbiosis of civilizations

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  • Cizakca, Murat

Abstract

It is argued in this paper that Islam had developed its own capitalistic system centuries before the West. This was an economic system based upon constrained maximization, the constraint being imposed by the teachings of classical Islam. Notwithstanding this difference with western capitalism, which does not normally recognize any moral constraints, the two capitalisms constitute a potential area of symbiosis between the two civilizations. Economic contribution of Muslims to the emergence of modern Europe is also emphasized. Thus, economic/institutional history indicates to a long lasting symbiosis rather than a clash between these civilizations.

Suggested Citation

  • Cizakca, Murat, 2006. "Islam and Christianity: symbiosis of civilizations," MPRA Paper 23095, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:23095
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    File URL: https://mpra.ub.uni-muenchen.de/23095/1/MPRA_paper_23095.pdf
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    References listed on IDEAS

    as
    1. S. M. Ghazanfar, 2000. "The Economic Thought of Abu Hamid Al-Ghazali and St. Thomas Aquinas: Some Comparative Parallels and Links," History of Political Economy, Duke University Press, vol. 32(4), pages 857-888, Winter.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    symbiosis; clash of civilizations; Islam; Christianity; capitalism; institutions; institutional evolution;
    All these keywords.

    JEL classification:

    • N0 - Economic History - - General
    • N20 - Economic History - - Financial Markets and Institutions - - - General, International, or Comparative

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