Communication à un séminaire :
(University of Bologna), « The Economic Origins of Islam : Theory and Evidence »
, Development Economics Seminar
, TSE, Toulouse, 26 novembre 2009, 11:00-12:30, salle MF 323.
This research examines the economic origins of Islam. It empirically demonstrates that Muslim countries, virtual countries and ethnic groups, exhibit highly unequal regional agricultural endowments. This particular type of geography (i) determined the economic aspects of the religious doctrine upon which Islam was formed, and (ii) shaped its subsequent economic performance. The theory argues that the unequal distribution of land endowments conferred differential gains from trade across regions, fostering predatory behavior from
the poorly endowed ones. In such an environment it was mutually beneficial to institute a system of income redistribution. However, a higher propensity to save by the rich would exacerbate wealth inequality rendering redistribution unsustainable, leading to the demise
of the Islamic unity. Consequently, income inequality had to remain within limits for Islam to persist. This was instituted via restrictions on physical capital accumulation. Such rules
rendered the investments on public goods, through religious endowments, increasingly attractive.
As a result, capital accumulation remained low and wealth inequality bounded. Geography shaped the set of economically relevant religious principles of Islam affecting its
economic trajectory in the preindustrial world.
F10 : General
O10 : General
O13 : Agriculture; Natural Resources; Environment; Other Primary Products
O16 : Financial Markets; Saving and Capital Investment
O17 : Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
O18 : Regional, Urban, and Rural Analyses
Z12 : Religion
Economie du développement