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Posts Tagged ‘economics and religion’
Timur Kuran on Islamic Law & Economic Development
In the 10th century, Europe and the Middle East had comparable levels of economic development. Over the next several centuries, however, Christian Europe raced ahead of Muslim societies, developing the institutions that led to the Industrial Revolution and modern capitalism. Timur Kuran (Duke University) explains the role that Islamic Law played in this “long divergence.” [ READ THE FULL ARTICLE ] |
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