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Contribution of Ibn Khaldun within Economic Thoughts -Focused on the Muqaddimah-

Kim Joong Kwan 1

1동국대학교

Accredited

ABSTRACT

Ibn Khaldun is the most important scholar in the sociological sector in Arab history. Khaldun’s economic thoughts inform the foundations of classical economic and modern economic theory. As a consequence, his achievements have been studied extensively in political economics and sociology. This paper aims to explain the concept of Ibn Khaldun and to analyses those micro and macroeconomic sectors within the scope of his work. The paper’s major contents include the conditions of the assessment of Ibn Khaldun’s economic concept and its economic ideas through labor theory, categorization on earnings, and specialization on the products of advantage, and others. Ibn Khaldun contributed on his idea of labor as a means of formation to the wealth of a nation, as stating that labor effort and increase in productivity, as well as exchanging of products in markets, are the core reasons that bear on wealth and prosperity of one nation. Modern economists have also been complimentary in their analysis of Ibn Khaldun’s works, considered its definition of government the practical discovery of political economy theories.

Citation status

* References for papers published after 2023 are currently being built.