On Muslim Attitudes to Modern Capitalism and to What It Brought Along

Abstract

AbstractIf many Muslim states are economic laggards, it is not enough to note that they are Muslim; it is rather more important to note that they are states, and to scrutinize the financial and economic policies of these states. These policies have, in retrospect, often been misguided and unsuccessful. But this has generally little connection to Islam. The Muslim countries were placed on the receiving end of an already advanced Capitalism, which obviously made it more difficult to compete.KeywordsIslamCapitalismMarketSecularizationEconomic developmentHistory of Middle East