Relationship of Institutional Innovation and Rise and Fall of Islamic Civilization: a Preliminary Discussion
Author(s):
Abstract:
What Factor or Factors were the main cause of great scientific upheaval and establishment of Lustrous Islamic Civilization in its climax? This is an important question, forwhich several hypothetical answers are given. The hypothesis followed in this paper is that in the initial stages, Islamic Caliphs had no option but to create their own new institutions to confront their enemies. Existence of ahigh degree of competitors from various religions and civilizations lead them to undertake institutional innovations such as starting negotiations with foreigners and getting loanfrom them, initiating translation resurgence of other religions and civilizations, recognizing the importance of free expression and open exchange of ideas and thoughts andpublic discussions and free and open trade leading to a high growth.
Language:
Persian
Published:
Journal of Economy and Society, Volume:6 Issue: 21, 2010
Page:
11
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