Abu Al-Faḍl Jaʻfar Ibn ʻAli Al-Dimashqi
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Abu Al-Faḍl Jaʻfar Ibn ʻAli Al-Dimashqi
Abū al-Faḍl Jaʻfar ibn ʻAlī al-Dimashqī (; fl. 12th-century) was a prosperous Muslim merchant from Damascus. He is best known for being the author of ''Kitab al-Isharah ila Mahasin at-Tijarah wa Marifat Jayyid al-Aʼrad wa Kadiiha wa Ghush-ush al-Mudallisin fiha'' (A Guide to the Merits of Commerce and to Recognition of Both Fine and Defective Merchandise and the Swindles of Those Who Deal Dishonestly). Almost nothing is known about al-Dimashqi's life. He was among the Muslim writers who were influenced by Greek sources, particularly by the neo-Pythagorean Bryson of Heraclea. Economic views In contrast to many other Muslim writers, Al-Dimashqi approved of wealth for its own sake. His work praises trade as an economic activity and demonstrates a thorough understanding of the roles of supply and demand and the uncertainty associated with them. According to Louis Baeck, professor of International Economics and Development at the Catholic University of Leuven (Belgium), al-Dimash ...
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Muslim
Muslims () are people who adhere to Islam, a Monotheism, monotheistic religion belonging to the Abrahamic religions, Abrahamic tradition. They consider the Quran, the foundational religious text of Islam, to be the verbatim word of the God in Abrahamic religions, God of Abraham (or ''Allah'') as it was revealed to Muhammad, the last Islamic prophet. Alongside the Quran, Muslims also believe in previous Islamic holy books, revelations, such as the Tawrat (Torah), the Zabur (Psalms), and the Injeel (Gospel). These earlier revelations are associated with Judaism and Christianity, which are regarded by Muslims as earlier versions of Islam. The majority of Muslims also follow the teachings and practices attributed to Muhammad (''sunnah'') as recorded in traditional accounts (hadith). With an estimated population of almost 2 billion followers, Muslims comprise around 26% of the world's total population. In descending order, the percentage of people who identify as Muslims on each ...
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Damascus
Damascus ( , ; ) is the capital and List of largest cities in the Levant region by population, largest city of Syria. It is the oldest capital in the world and, according to some, the fourth Holiest sites in Islam, holiest city in Islam. Known colloquially in Syria as () and dubbed, poetically, the "City of Jasmine" ( ), Damascus is a major cultural center of the Levant and the Arab world. Situated in southwestern Syria, Damascus is the center of a large metropolitan area. Nestled among the eastern foothills of the Anti-Lebanon mountain range inland from the eastern shore of the Mediterranean on a plateau above sea level, Damascus experiences an arid climate because of the rain shadow effect. The Barada, Barada River flows through Damascus. Damascus is one of the List of oldest continuously inhabited cities, oldest continuously inhabited cities in the world. First settled in the 3rd millennium BC, it was chosen as the capital of the Umayyad Caliphate from 661 to 750. Afte ...
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Bryson Of Heraclea
Bryson of Heraclea (, ''gen''.: Βρύσωνος; fl. late 5th-century BCE) was an ancient Greek mathematician and sophist who studied the solving the problems of squaring the circle and calculating pi. Life and work Little is known about the life of Bryson; he came from Heraclea Pontica, and he may have been a pupil of Socrates. He is mentioned in the '' 13th Platonic Epistle'', and Theopompus even claimed in his ''Attack upon Plato'' that Plato stole many ideas for his dialogues from Bryson of Heraclea. He is known principally from Aristotle, who criticizes his method of squaring the circle. He also upset Aristotle by asserting that obscene language does not exist. Diogenes Laërtius and the Suda refer several times to a Bryson as a teacher of various philosophers, but since some of the philosophers mentioned lived in the late 4th-century BCE, it is possible that Bryson became confused with Bryson of Achaea, who may have lived around that time. Pi and squaring the circle Bryso ...
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Supply And Demand
In microeconomics, supply and demand is an economic model of price determination in a Market (economics), market. It postulates that, Ceteris_paribus#Applications, holding all else equal, the unit price for a particular Good (economics), good or other traded item in a perfect competition, perfectly competitive market, will vary until it settles at the market clearing, market-clearing price, where the quantity demanded equals the quantity supplied such that an economic equilibrium is achieved for price and quantity transacted. The concept of supply and demand forms the theoretical basis of modern economics. In situations where a firm has market power, its decision on how much output to bring to market influences the market price, in violation of perfect competition. There, a more complicated model should be used; for example, an oligopoly or product differentiation, differentiated-product model. Likewise, where a buyer has market power, models such as monopsony will be more a ...
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Routledge
Routledge ( ) is a British multinational corporation, multinational publisher. It was founded in 1836 by George Routledge, and specialises in providing academic books, academic journals, journals and online resources in the fields of the humanities, behavioral science, behavioural science, education, law, and social science. The company publishes approximately 1,800 journals and 5,000 new books each year and their backlist encompasses over 140,000 titles. Routledge is claimed to be the largest global academic publisher within humanities and social sciences. In 1998, Routledge became a subdivision and Imprint (trade name), imprint of its former rival, Taylor & Francis, Taylor & Francis Group (T&F), as a result of a £90-million acquisition deal from Cinven, a venture capital group which had purchased it two years previously for £25 million. Following the merger of Informa and T&F in 2004, Routledge became a publishing unit and major imprint within the Informa "academic publishing ...
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Division Of Labour
The division of labour is the separation of the tasks in any economic system or organisation so that participants may specialise ( specialisation). Individuals, organisations, and nations are endowed with or acquire specialised capabilities, and either form combinations or trade to take advantage of the capabilities of others in addition to their own. Specialised capabilities may include equipment or natural resources as well as skills. Training and combinations of equipment and other assets acting together are often important. For example, an individual may specialise by acquiring tools and the skills to use them effectively just as an organisation may specialise by acquiring specialised equipment and hiring or training skilled operators. The division of labour is the motive for trade and the source of economic interdependence. An increasing division of labour is associated with the growth of total output and trade, the rise of capitalism, and the increasing complexity of ...
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Economic Development
In economics, economic development (or economic and social development) is the process by which the economic well-being and quality of life of a nation, region, local community, or an individual are improved according to targeted goals and objectives. The term has been used frequently in the 20th and 21st centuries, but the concept has existed in the West for far longer. "Modernization", "Westernization", and especially "industrialization" are other terms often used while discussing economic development. Historically, economic development policies focused on industrialization and infrastructure; since the 1960s, it has increasingly focused on poverty reduction. Whereas economic development is a Public policy, policy intervention aiming to improve the well-being of people, economic growth is a phenomenon of market productivity and increases in GDP; economist Amartya Sen describes economic growth as but "one aspect of the process of economic development". Definition and terminolo ...
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Islamic Economic Jurisprudence
Islamic economics () refers to the knowledge of economics or economic activities and processes in terms of Islamic principles and teachings. Islam has a set of specific moral norms and values about individual and social economic behavior. Therefore, it has its own economic system, which is based on its philosophical views and is compatible with the Islamic organization of other aspects of human behavior: social and political systems. Islamic economics is a broad field, related to the more specific subset of Islamic commercial jurisprudence (, ''Muamalat, fiqh al-mu'āmalāt''). It is also an ideology of economics similar to the labour theory of value, which is "labour-based exchange and exchange-based labour".. While there are differences between the two, Islamic economics still tends to be closer to Labor theory of value, labor theory rather than Subjective theory of value, subjective theory. Islamic commercial jurisprudence entails the rules of transacting finance or other ec ...
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Islamic Economics In The World
Between the 9th and 14th centuries, the Muslim world developed many advanced economic concepts, techniques and usages. These ranged from areas of production, investment, finance, economic development, taxation, property use such as Hawala: an early informal value transfer system, Islamic trusts, known as waqf, systems of contract relied upon by merchants, a widely circulated common currency, cheques, promissory notes, early contracts, bills of exchange, and forms of commercial partnership such as mufawada. Specific Islamic concepts involving money, property, taxation, charity and the Five Pillars include: *''zakat'' (the "taxing of certain goods, such as harvest, to allocate these taxes to expand that, are also explicitly defined, such as aid to the needy"); *'' Gharar'' ("the interdiction of chance ... that is, of the presence of any element of uncertainty, in a contract (which excludes not only insurance but also the lending of money without participation in the risks); and ...
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Ibn Khaldun
Ibn Khaldun (27 May 1332 – 17 March 1406, 732–808 Hijri year, AH) was an Arabs, Arab Islamic scholar, historian, philosopher and sociologist. He is widely acknowledged to be one of the greatest social scientists of the Middle Ages, and considered by a number of scholars to be a major forerunner of historiography, sociology, economics, and demography studies. His best-known book, the ''Muqaddimah'' or ''Prolegomena'' ("Introduction"), which he wrote in six months as he states in his autobiography, influenced 17th-century and 19th-century Ottoman historians such as Kâtip Çelebi, Mustafa Naima and Ahmed Cevdet Pasha, who used its theories to analyze the growth and decline of the Ottoman Empire. Ibn Khaldun interacted with Tamerlane, the founder of the Timurid Empire. He has been called one of the most prominent Muslim and Arab scholars and historians. Recently, Ibn Khaldun's works have been compared with those of influential European philosophers such as Niccolò Machiavelli ...
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12th-century Scholars
1 (one, unit, unity) is a number, numeral, and glyph. It is the first and smallest positive integer of the infinite sequence of natural numbers. This fundamental property has led to its unique uses in other fields, ranging from science to sports, where it commonly denotes the first, leading, or top thing in a group. 1 is the unit of counting or measurement, a determiner for singular nouns, and a gender-neutral pronoun. Historically, the representation of 1 evolved from ancient Sumerian and Babylonian symbols to the modern Arabic numeral. In mathematics, 1 is the multiplicative identity, meaning that any number multiplied by 1 equals the same number. 1 is by convention not considered a prime number. In digital technology, 1 represents the "on" state in binary code, the foundation of computing. Philosophically, 1 symbolizes the ultimate reality or source of existence in various traditions. In mathematics The number 1 is the first natural number after 0. Each natural number, ...
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Muslim Writers
Muslims () are people who adhere to Islam, a monotheistic religion belonging to the Abrahamic tradition. They consider the Quran, the foundational religious text of Islam, to be the verbatim word of the God of Abraham (or ''Allah'') as it was revealed to Muhammad, the last Islamic prophet. Alongside the Quran, Muslims also believe in previous revelations, such as the Tawrat (Torah), the Zabur (Psalms), and the Injeel (Gospel). These earlier revelations are associated with Judaism and Christianity, which are regarded by Muslims as earlier versions of Islam. The majority of Muslims also follow the teachings and practices attributed to Muhammad (''sunnah'') as recorded in traditional accounts (hadith). With an estimated population of almost 2 billion followers, Muslims comprise around 26% of the world's total population. In descending order, the percentage of people who identify as Muslims on each continental landmass stands at: 45% of Africa, 25% of Asia and Oceania collect ...
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