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Islam and Capitalism

Rodinson argues that both in its traditions and history Islam was no more and no less able to control borrowing, lending, interest rates, merchant entrepreneurs than any other religious program; the stereotypes of Islamic submission to God's will, or Islamic belief in predetermination, have played little part either in the acquisition of Islamic wealth or in its administration. Islam was frequently a way ruling classes had of keeping their power, and Rodinson suggests that this is as likely to be true now as it has been historically.

Maxime Rodinson explains the mysterious Near East

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