The Era Of Oligarchy

Islam and the Lagging Economies of the Arab World : The New Yorker. But, before consigning a fifth of humanity to the dustbin of economic history, one might consider, more broadly, whether it makes sense to place such an emphasis on religion in explaining the underdevelopment of so many Muslim countries. To start with, it’s worth noting—and Kuran and Lewis, to their credit, do note it—that Islam, at least in its original formulation, was far from hostile to business. As the centuries passed, many Muslim regions fell badly behind the West, but the most immediate explanation involves not Islam but…