Tax-farming and resource allocation in past Islamic societies
Other Title(s)
قبالة الخراج و تخصيص الموارد في المجتمعات الإسلامية الماضية
Source
Journal of King Abdulaziz University : Islamic Economics
Issue
Vol. 1, Issue 1 (31 Mar. 1989), pp.59-80, 22 p.
Publisher
King Abdulaziz University Scientific Publishing Center
Publication Date
1989-03-31
Country of Publication
Saudi Arabia
No. of Pages
22
Main Subjects
Economics & Business Administration
Abstract EN
Tax-farming as practiced in Medieval Egypt, Moghul India and the Ottoman empire is considered as a means of resource allocation in an interest-free economy.
Material from Turkish archives is utilized to analyze how the system worked by giving signals to the state, in the form of the bids made by the tax-farmers, as to the relative profitability of the various sectors of the economy.
In making these bids, the tax-farmers were guided by the expected rates of return in the relevant sectors.
Changing profit expectations caused geographical and sectoral shifts of resources.
The paper places the historical discussion into perspective by making a brief review of contemporary literature on resource allocation in a modern interest-free Islamic economy.
It also notes some negative aspects of the practice of tax-farming.-
American Psychological Association (APA)
Cizakca, Murat. 1989. Tax-farming and resource allocation in past Islamic societies. Journal of King Abdulaziz University : Islamic Economics،Vol. 1, no. 1, pp.59-80.
https://search.emarefa.net/detail/BIM-415664
Modern Language Association (MLA)
Cizakca, Murat. Tax-farming and resource allocation in past Islamic societies. Journal of King Abdulaziz University : Islamic Economics Vol. 1, no. 1 (1989), pp.59-80.
https://search.emarefa.net/detail/BIM-415664
American Medical Association (AMA)
Cizakca, Murat. Tax-farming and resource allocation in past Islamic societies. Journal of King Abdulaziz University : Islamic Economics. 1989. Vol. 1, no. 1, pp.59-80.
https://search.emarefa.net/detail/BIM-415664
Data Type
Journal Articles
Language
English
Notes
يتضمن ملاحق : ص. 78-79
Record ID
BIM-415664