Marcus Noland
Institute for International Economics
“Whatever the sins of Western imperialists, Islam was developing more slowly than the
West during a period of Islamic conquest and geographical expansion into Europe. “
3 possible reasons offered-
Intellectual roots – “closing of the doors of ijtihad” (just follow , no need to inquire attitude) prevented a critiques of current practices “a la Protestant Christianity”
Sociological roots – earlier – warrior tribe with plunder method for amassing wealth, later coalescing into socially dominant town tribes with slave owning economic structure – with sedentary bureaucratic – does not lead to “development through intensive means”
Institutionally – eg inheritance laws with concentration on redistribution prevented long term corporate institutions that can amass wealth
However, the writer found that there is no evidence that Islam inhibits economic growth.
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