Exploring the Roots of Ibn Khaldun's Islamic Economic Thought and Its Impact on Historical Development
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Ahmad Faturrahman*
Ibn Khaldun's economic thought, as expressed in his monumental work Muqaddimah, has significantly contributed to the development of Islamic economic theory. His insights into the role of the state in the economy and the concept of asabiyyah (social solidarity) have influenced both historical and contemporary economic ideas. This study explores the origins of Ibn Khaldun's economic theory and analyzes its impact on Islamic economics, with a focus on its relevance in modern economic contexts. A qualitative descriptive method is employed, utilizing literature review of primary and secondary sources. The findings highlight that Ibn Khaldun’s ideas on asabiyyah, state regulation of the economy, and governance during the Abbasid and Ottoman periods shaped economic policies. Moreover, these principles remain pertinent in today's economic discussions, particularly in understanding the state's role in fostering economic stability and social solidarity. This study suggests that Ibn Khaldun’s economic thought offers a valuable foundation for creating inclusive economic policies and business strategies, particularly in contexts marked by significant socio-economic disparities. Ultimately, Ibn Khaldun’s theories provide a framework for integrating solidarity-based principles into modern economic practices to promote equity and social cohesion.
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