Hi Beverly,
I have, off and on, had several run-ins with those who insist that "all the evils of the world" are caused by capitalism. I have tried to point out that capitalism in itself is not "unIslamic", and that a case can be made that it was in fact developed under Islam. Now people are saying that the fundamental problem is fiat money, and that this is responsible for everything (including plastic pollution)! They argue the relative merits of so-called precious metals compared with paper money, which they say has no intrinsic value. I argue that gold too has no intrinsic value - it has only the value that people ascribe to it at the time they choose to buy or sell it.
To cut a long story short, I have decided that I have to write a paper dealing with the way money developed under Islam. I need a sound and solid understanding about conventional monetary theory, and an equally solid understanding of current thinking about the Islamic systems. Is this something in which you are interested, or have looked at at all? Are you interested? Can you point me to any relevant papers?
Best wishes,
Jaafar
https://mises.org/sites/default/files/Money_Bank_Credit_and_Economic_Cycles_De%20Soto.pdf
My recommendation for studying the mentioned subject.
https://www.jesushuertadesoto.com/home/
Dear Jaafar El-Murad
i wish you every success in researching and writing the much needed paper.
On reflection to me it seems more about to what tasks and of course objects we ascribe financial payment. Woman’s work has been excluded from counting as work and thus towards GNP. ...
warm regards Tina
