“In a new book, ‘Islam and Mammon: The Economic Predicaments of Islamism’ (Princeton University Press), Timur Kuran, professor of economics and law and the King Faisal professor of Islamic thought and culture at the University of Southern California, looks at the cluster of ideas known as Islamic economics. This concept, he notes, is a 20th-century one, developed in India before independence, when many Muslims worried that they would become an oppressed minority in a Hindu-ruled state. Some feared that Muslims might be so marginalized that they would lose their identity.” Interesting article from the New York Times, via Arts and Letters Daily.
