Islamic Economics
Criticism of Islamist (or Islamic) economics have been particularly contemptuous, alleging that effort of "incoherence, incompleteness, impracticality, and irrelevance;" driven by "cultural identity" rather than problem solving. Another source has dismissed it as "a hodgepodge of populist and socialist ideas," in theory and "nothing more than inefficient state control of the economy and some almost equally ineffective redistribution policies," in practice.
In a political and regional context where Islamist and ulema claim to have an opinion about everything, it is striking how little they have to say about this most central of human activities, beyond repetitious pieties about how their model is neither capitalist nor socialist.
Read more about this topic: Criticism Of Islamism
Famous quotes containing the word economics:
“Women’s battle for financial equality has barely been joined, much less won. Society still traditionally assigns to woman the role of money-handler rather than money-maker, and our assigned specialty is far more likely to be home economics than financial economics.”
—Paula Nelson (b. 1945)