Political Economy of Islam: Lessons from Germany

Swastika, Putri; Mirakhor, Abbas

This book examines the application of risk-sharing finance as a national economic policy in history and how it stimulated economic recovery during a short period in Germany between 1933 and 1935. Economic history indicates that risk-sharing instruments have promoted socio-economic development in many parts of the world while risk-shifting methods have imposed huge socio-economic costs on many nations, leading to debt slavery on individual members. This book highlights lessons to be learned from history and argues that risk-sharing is a powerful tool for generating rapid economic recovery and resumption of growth.

Details

Published by: Palgrave Macmillan

Publication Date: 2021-09-14

Format: Hardcover

ISBN-13: 9783030826413

DOI: 10.1007/978-3-030-82642-0

Dimensions: 210cm x148cm

Pages: 143