Ratio Working Papers
Islam and the Institutions of a Free Society: Many Problems, Little Hope
Abstract: The rule of law, constitutional democracy, and market
economy are taken as the core institutions of free societies. After arguing
that shared values heavily influence institutions, it is asked whether
Islamic values are conducive to those institutions. The values are
ascertained via the economic ethics of Islam as lived today and the
attitudes of some Muslim populations via the analysis of a recent opinion
poll. Neither the values nor the attitudes of Muslim societies seem
particularly supportive of the institutions of a free society.
Keywords: Islam; Values; Culture; New Institutional economics; rule of law; constitutional democracy; market economy; (follow links to similar papers)
JEL-Codes: H11; K10; N45; P51; Z13; (follow links to similar papers)
36 pages, May 17, 2004, Revised December 20, 2004
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- This paper is forthcoming as:
Voigt, Stefan, 'Islam and the Institutions of a Free Society: Many Problems, Little Hope', The Independent Review.
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