Islam and the Path to Human and Economic Development [Hardcover]

This book briefly surveys the evolution of the Western concept of development, recognizing the wider dimensions of human and economic development and the role of institutions and rules, which has moved toward the vision and the path of development envisaged in Islam.The Evolution of the Western Concept of Development Development as Human Wellbeing The Foundational Elements of Development in Islam The Dimensions of Development in Islam The Institutional Structure of Development in Islam

Islam and the Path to Human and Economic Development represents a path-breaking attempt at conceptualizing a genuine Islamic paradigm for developing societies. It succeeds where prior attempts have failed because it combines a vast knowledge of the subject with a coherent intellectual vision and a deeply felt passion. The book is destined to be the standard work in the area for years to come. - Robert Looney, Distinguished Professor, Naval Postgraduate School

The authors critique the approaches to development associated with classical theory of Adam Smith and the more recent growth theories of the twentieth century from an Islamic perspective, stressing that development should not only be measured in terms of material advance, but rather in human terms, both in terms of personal development and the recognition of both social responsibility and ultimately accountability to the Almighty. The book is likely to be essential reading for courses on Islamic economics, which are increasingly offered at universities in North America and Europe, as well as of course in the Muslim world. - Rodney Wilson, Professor, School of Government and International Affairs, Durham University

Abbas Mirakhor and Hossein Askari have written a pioneering and profoundly significant work. Their work combines academic rigor, a thorough understanding of the evolution of economic and social theory and policy in the western world, together with remarkably fresh insightlsŪ