Consistency and Viability of Islamic Economic Systems and the Transition Process

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  • Format: Hardcover
  • Copyright: 2013-08-28
  • Publisher: Palgrave Macmillan

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Consistency and Viability of Islamic Economics Systems and the Transition Process has the crucial intention of stimulating interest in Islamic economics by studying the Islamic Republic of Iran using the analytical framework of consistency and viability. This text develops an original analytic framework to understand the relationship between the economic, political, and ideological structures, the external environment, and the process of reform that gives rise to certain economic systems by establishing consistency. Consistency, however, is not enough; a consistent economic system must be flexible and have the internal mechanisms to be able to adapt to changes in social reality, thus making possible its survival over time. In other words, the economic system is viable when it is able to encourage increases in labor productivity and there is popular support. The collapse of centrally administered socialism in Central and Eastern Europe and the former Soviet Union resulted in what was commonly referred to as the transition problem.

Author Biography

John Marangos is Associate Professor of Political Economy at the Department of Economics University of Crete, Greece and Visiting Research Scholar, Department of Economics and Finance, Winston-Salem State University, USA. Previous appointments have been with Colorado State University, University of Ballarat, Monash University and the University of Melbourne. Focal points for John's research include economic transition processes in Russia, Eastern Europe, former Soviet Union, and Asia; international development; and innovative methodologies for teaching economics. His publications or in the process of publication include: five books, ten book chapters, thirteen entries in encyclopedias and sixty-one refereed journal articles.

Table of Contents

1. The Shock Therapy Process of Transition
2. The Neoclassical Gradualist Process of Transition. Preventive Therapy
3. The Chinese Non-Pluralistic Process of Transition
4. From the Islamic Revolution to the Islamic Republic Of Iran

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