Rulers, religion, and riches why the West got rich and the Middle East did not

For centuries following the spread of Islam, the Middle East was far ahead of Europe. Yet, the modern economy was born in Europe. Why was it not born in the Middle East? In this book Jared Rubin examines the role that Islam played in this reversal of fortunes. It argues that the religion itself is n...

Full description

Bibliographic Details
Main Author: Rubin, Jared T.
Format: eBook
Language:English
Published: New York Cambridge University Press 2017
Series:Cambridge studies in economics, choice, and society
Subjects:
Online Access:
Collection: Cambridge Books Online - Collection details see MPG.ReNa
LEADER 02471nmm a2200325 u 4500
001 EB001383158
003 EBX01000000000000000906123
005 00000000000000.0
007 cr|||||||||||||||||||||
008 170324 ||| eng
020 |a 9781139568272 
050 4 |a HC240 
100 1 |a Rubin, Jared T. 
245 0 0 |a Rulers, religion, and riches  |b why the West got rich and the Middle East did not  |c Jared Rubin, Chapman University 
260 |a New York  |b Cambridge University Press  |c 2017 
300 |a xxi, 273 pages  |b digital 
505 0 |a Propagation of rule: a theory of economic success and stagnation -- The propagation of rule -- Historical origins of rule propagation -- Applying the theory: why the West got rich and the Middle East did not -- Bans on taking interest -- Restrictions on the printing press -- Printing & the Reformation -- Success: England & the Dutch Republic -- Stagnation: Spain & the Ottoman Empire 
651 4 |a Europe, Western / Economic conditions 
651 4 |a Middle East / Economic conditions 
653 |a Economics / Europe, Western / Religious aspects 
653 |a Economics / Middle East / Religious aspects 
653 |a Rule of law / Europe, Western 
653 |a Rule of law / Middle East 
041 0 7 |a eng  |2 ISO 639-2 
989 |b CBO  |a Cambridge Books Online 
490 0 |a Cambridge studies in economics, choice, and society 
028 5 0 |a 10.1017/9781139568272 
856 4 0 |u https://doi.org/10.1017/9781139568272  |x Verlag  |3 Volltext 
082 0 |a 330.94 
520 |a For centuries following the spread of Islam, the Middle East was far ahead of Europe. Yet, the modern economy was born in Europe. Why was it not born in the Middle East? In this book Jared Rubin examines the role that Islam played in this reversal of fortunes. It argues that the religion itself is not to blame; the importance of religious legitimacy in Middle Eastern politics was the primary culprit. Muslim religious authorities were given an important seat at the political bargaining table, which they used to block important advancements such as the printing press and lending at interest. In Europe, however, the Church played a weaker role in legitimizing rule, especially where Protestantism spread (indeed, the Reformation was successful due to the spread of printing, which was blocked in the Middle East). It was precisely in those Protestant nations, especially England and the Dutch Republic, where the modern economy was born