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All Models Are Wrong

Islamic Economics: Solving Wealth Inequality by Mixing Libertarianism with... SOCIALISM??

Dienstag, 1. Oktober 2024 · 58 min

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For this episode I spoke to Ahmed Gatnash (x.com/gatnash), the Executive director of Kawaakibi Foundation (kawaakibi.org). He is also a Strategy Advisor at the Albert Einstein Institution, and is the co-author of Middle East Crisis Factory (hurstpublishers.com/book/the-middle-east-crisi…), a primer on systemic crises and a vision for a positive future for the MENA region.

During the discussion we spoke about the context of the political economic situation where Islam rose, the economic policies that were put into practice during this time, and how the policies looked at today could be seen as a mix of libertarian and socialist. One of the most interesting institutions of this period was the en.wikipedia.org/wiki/Waqf, an income producing asset that is removed from individual ownership for perpetuity so that the income is dedicated to a public good.

You can also find the interview in video form on YouTube here (youtu.be/WYtrNGspmr0).
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