Re: [mukto-mona] [Politiconomy] Is Islam a drag on economic growth?

If we value time as a measure of economic growth, then religion may or may not be a drag on economic growth. Even though we waste nonproductive time for religious purposes, but religious festivities always spar tremendous economic activity.

Now the question - if Islam is a drag on Economy – is a complex one, because, unlike other religions (such as, Christianity, Hinduism, etc.), Islam has its own economic theory. As I understand, Islamic economic principles include distribution of wealth and zero-interest policies on investment. As far as I know, Malaysia, Indonesia, Turkey, etc. are not following such economic principles. If these anti-growth policies are followed, Islam will be a drag on economic growth.

Jiten Roy

 

From: Abdullah Dewan <adewan@emich.edu>
To: politiconomy <politiconomy@list.emich.edu>
Sent: Sunday, January 1, 2012 2:55 PM
Subject: [mukto-mona] [Politiconomy] Is Islam a drag on economic growth?

 

This article analyzes the question "Is Islam a drag on economic growth?" based on available empirical evidence conducted by widely acclaimed economists.

http://www.daily-sun.com/?view=details&type=daily_sun_news&pub_no=440&cat_id=2&menu_id=5&news_type_id=1&news_id=91217&archiev=yes&arch_date=02-01-2012

--
Abdullah A Dewan
M.S.(nuclr. eng), Ph.D (econ)
Professor of Economics
Eastern Michigan University
Ypsilanti, MI 48187
Ph. #(734)487-0003
_______________________________________________
Politiconomy mailing list
Politiconomy@list.emich.edu
https://list.emich.edu/mailman/listinfo/politiconomy

__._,_.___

****************************************************
Mukto Mona plans for a Grand Darwin Day Celebration: 
Call For Articles:

http://mukto-mona.com/wordpress/?p=68

http://mukto-mona.com/banga_blog/?p=585

****************************************************

VISIT MUKTO-MONA WEB-SITE : http://www.mukto-mona.com/

****************************************************

"I disapprove of what you say, but I will defend to the death your right to say it".
               -Beatrice Hall [pseudonym: S.G. Tallentyre], 190

Your email settings: Individual Email|Traditional
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch to Fully Featured
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe

__,_._,___