INFLATION: LESSONS FROM AL-MAQRĪZĪ

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Published: Dec 29, 2020
DOI: https://doi.org/10.56389/tafhim.vol13no2.4
Keywords:
Al-Maqrīzī, Mamluk Economics, inflation, Historical Economics, Egypt.

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Muhammad Khairi Zainal
Universiti Teknologi Malaysia (UTM), Kuala Lumpur, Malaysia

Abstract

Inflation is not specific to the modern economy. It is argued that low and stable rates of inflation are beneficial in promoting economic growth. It is also attributed to the growing disparity between the economic classes. The 14th–15th Century CE Egyptian historian, Al-Maqrīzī, discussed the causes that worsened the famine and economic crisis of 805–808/1403–1406 of Mamlūk Egypt. He described the population of Egypt during the crisis and emphasised that which had been hit worst. Significantly, he suggested a more stable monetary system to avoid similar situations in the future.

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How to Cite
Zainal, M. K. . (2020). INFLATION: LESSONS FROM AL-MAQRĪZĪ. TAFHIM: IKIM Journal of Islam and the Contemporary World, 13(2). https://doi.org/10.56389/tafhim.vol13no2.4
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Vol. 13 No. 2 (2020): Tafhim
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