Early Islam and the Birth of Capitalism proposes a strikingly original thesis—that capitalism first emerged in Arabia, not in late medieval Italian city states as is commonly assumed.
Early Islam made a seminal but largely unrecognized contribution to the history of economic thought; it is the only religion founded by an entrepreneur. Descending from an elite dynasty of religious, civil, and commercial leaders, Muhammad was a successful businessman before founding Islam. As such, the new religion had much to say on trade, consumer protection, business ethics,
3 thoughts on “Islam and the birth of Capitalism and Social Responsibility”
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olddogthoughts 
Capitalism is diametrically opposed to the pursuit of God or the kingdom of God. Capital and God are like two masters.
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Not according to Christians and not according to Mohamod it would seem. The both believed the ‘free market’ was a gift from god.
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not according to my understanding…but this is a good analysis nonetheless, I appreciate the info.
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