In this article on Ibn Khaldun's thought in microeconomics, Cecep Maskanul Hakim analyses several central concepts and theories, from the dynamics of labor to the complex question of demand-supply and prices. Another aspect of the analysis regards the role of government in the economy, is the macroeconomy and monetary theory. Finally, the article addresses some of the recent critiques to Ibn Khaldun's theory and answers them.
Ibn Khaldun’s Thought in Microeconomics: Dynamics of Labor, Demand-supply and Prices
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Figure 1. The Tabula Rogeriana, drawn by al-Idrisi for Roger II of Sicily in 1154, one of the most advanced ancient world maps. Modern consolidation, created from the 70 double-page spreads of the original atlas. (Source)
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