Friday, 30 May 2014

Early Islam and the Birth of Capitalism

An interesting and eye-opening lecture by Benedikt Koehler

"As part of a new three-year 'History of Capitalism' course, historian and former banker Benedikt Koehler delivered an inaugural address based on his forthcoming book Early Islam and the Origins of Capitalism. In his lecture, Koehler proposed a strikingly original thesis; that capitalism first emerged in Arabia, not in late medieval Italian states as is commonly assumed."

And this is an article that further discusses the topic: