Abstract
Islamic societies have in contemporary times lagged Western societies in income, growth, and human-development indicators. The supreme values of radical Islam further de-prioritize economic achievement and impose self-deprivation on own populations. This paper investigates the reasons for economic outcomes under Islam. Contemporary illustrations are also provided of the self-deprivation predicted from pursuit of the supreme-value objectives of radical Islam. The self-deprivation is placed in a rent-seeking context.
| Original language | English |
|---|---|
| Pages (from-to) | 259-280 |
| Number of pages | 22 |
| Journal | Public Choice |
| Volume | 131 |
| Issue number | 3-4 |
| DOIs | |
| State | Published - Jun 2007 |
Keywords
- Cultural relativism
- Demographic contestability
- Economic growth
- Gender relations
- Institutions
- Oil wealth
- Personal security
- Radical Islam
- Rent protection
- Rent seeking
- Supreme values
