عنوان
پدید آورنده
موضوع
رده
کتابخانه
محل استقرار
A864
انگلیسی
The logic of financial westernization in the Middle East
/ Timur Kuran
In the 19th century, financial reforms in the Middle East included the legalization of interest, the establishment of secular courts, and banking regulations, all based onWestern models. Exploring why foreign institutions were transplanted, this article shows that Islamic law blocked evolutionary paths that might have generated financial modernization through indigenous means. Sources of rigidity included (1) the Islamic law of commercial partnerships, which limited enterprise continuity, (2) the Islamic inheritance system, which restrained capital accumulation, (3) the waqf system, which inhibited resource pooling, and (4) Islam’s traditional aversion to the concept of legal personhood, which hampered private organizations.
Journal of Economic Behavior & Organization
, Vol. 56
, 2005
: P. 593-615
Islam
Middle East
Development
Finance
Interest
Kuran, Timur
ایران
Globalization
A864.pdf
AL
249952
Y
