Ibn Khaldun: Master of Economics and Islamic Economic Thought
Among the many thinkers who studied the Islamic economy, Ibn Khaldun was one of the leading thinkers. Ibn Khaldun is often referred to as the most famous intellectual giants throughout history. He is not only Mr. Sociology, but also the Father of Economics, as he has many theories far ahead of Adam Smith (conventional Economy) and Ricardo. In fact, he has more than three centuries before two modern Western thinkers. Muhammad Hilmi Murad has specifically written a scholarly work titled "Abul Iqtishad: Ibn Khaldun" (1962). In the work, Ibn Khaldun was scientifically proven as the first economic emperor. The work was then presented to the Ibn Khaldun Symposium in Egypt in 1978 M.
Ibn Khaldun was named Abu Zayd 'Abd ar-Rahman Ibn Muhammad ibn Khaldun al-Hadrami, born May 27, 2332 M / 732 AH and his wife on March 19, 1406 M / 808 H. He is an Islamic historian from Tunisia and is often referred to as the founder historiography, sociology, and economics. The most phenomenal work is Muqaddimah.
While Ibn Khaldun studies empirical economics and empirical economics (based on his observations and experiences). He describes the economic phenomenon in actual time. Muhammad Nejatullah Ash-Shiddiqy, writes important points of Ibn Khaldun's study material about the economy. In his presentation, Ibn Khaldun discusses the wide range of economic issues, including the values of teaching, the division of labor, the pricing system, the supply and demand law, the consumption and the production, the money, the capital formation, the growth of the population, the macroeconomics of taxes and public expenditure, the cycle trade, agriculture, industry and trade, ownership and prosperity, and so on. He also dealt with the stages of society's growth and development. Not only that, we even found a basic understanding that transformed into a curved labor supply curve.
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