Ibn Khaldun's 600th anniversary
Ibn Khaldun is probably one of the greatest sociologist, political scientist and philosopher in human history. This year is his 600th anniversary. Ibn Khaldun, born in Tunisia , had Andalusian ancestors. He visited Andalusia during the Nasrid court of Mohammed V, and had served as ambassador to King Pedro I ("the Cruel") in Seville , whom he met in the Real Alcazar Palace. Ibn Khaldun was the first to systematically analyze the functioning of an economy, the importance of technology, specialization and foreign trade in economic surplus and the role of government and its stabilization policies to increase output and employment. Ibn Khaldun, moreover, dealt with the problem of optimum taxation, minimum government services, incentives, institutional framework, law and order, expectations, production, and the theory of value. Ibn Khaldun again is the first economist with economic surplus at hand, who has given a biological interpretation of the rise and fall of nations and civilisations . His coherent general economic theory constitutes the framework for his history. His book "Al-Muqaddimeh" (The Introduction) is must for any politician or people holding high office. President Ronald Reagan was a great fan of his and he proudly and frequently referred to Ibn Khaldun's ideas. To find out more about Ibn Khaldun's reflections on state economies click on the following link: http://muslimheritage.com/topics/default.cfm?ArticleID=600
by: FSTC Limited, Mon 04 September, 2006
 
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