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Timur Kuran (Duke University) discusses the movement known as Islamic economics, focusing on its origins, policy prescriptions, and consequences. We survey the thought of Sayyid Abul-Ala Mawdudi in the middle part of the 20th century, how his ideas spread and were institutionalized in the 1970s. Attention is paid specifically to Islamic banking, interest rates, and social welfare policies.

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Prof. Allen Hertzke of the University of Oklahoma joins us to discuss religious liberty around the world. We cover why religious liberty has become an increasingly important issue in foreign affairs and why many intellectual and government elites tend to dismiss its importance. The conversation also includes current threats to religious freedoms in many parts of the world and what positive effects might arise from the spread of religious liberties.

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