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The author estimates the total value of the spoils of war accruing to the Muslims during the first decade of the Hijrah calendar (622-632 AD) not to exceed 6 million dirhams. Estimating the cost of living at Medina for an average family of six persons to be 3000 dirhams per annum, the above...
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The present paper by Dr. Siddiqi is both interesting and novel. It is an earnest endeavor in the studies of Muslim economy during the time of the Prophet. We hope the researcher will continue providing us with other interesting studies to defend the truth and serve those interested in Islamic...
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analytical feature to be incorporated into a theory of political economy. It also means that any human population system is open …
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Adam Smith turned economic theory on its head in 1776 when he declared that the pursuit of self-interest mediated by … controversy in modern economics from Smith to today. He traces the theory of market failure from the 1840s through the 1950s and …
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