Consistency and Viability of Islamic Economic Systems and the Transition Process

John Marangos is Professor in the Department of Balkan, Slavic and Oriental Studies, University of Macedonia, Greece.

"A major voice in development economics, Marangos provides a unique analysis with this book. Consistency and Viability of Islamic Economic Systems and the Transition Process is not just about Islamic economic systems; it takes up the experience of Eastern-European transitions. With a more complex perspective on the economics of transition, Marangos builds a general methodological frame to analyse political-economic systems in terms of consistency and viability. An integrated approach to development, transition, and systems analysis, applied to Islamic economics." - Wolfram Elsner, Professor, University of Bremen, Germany and President, European Association for Evolutionary Political Economy (EAEPE) "In a world fraught with deep-seated misunderstandings, John Marangos sheds needed light upon what could be aptly referred to as an Islamic economic system. With many systemic contradictions mediated and resolved by principled religious doctrine, Marangos skillfully elaborates this 'third' approach that in numerous respects outshines neoliberal capitalism and what existed as planned socialism. This is comparative economics at its best. Marangos' insights need to be carefully studied and then considered." - John Hall, Professor of Economics and International Studies, Portland State University, USA; and Research Professor, Halle Institute for Economic Research, USA

• PART I: THE TRANSITION PROCESS 1. The Shock Therapy Process of Transition 2. The Neoclassical Gradualist Process of Transition. Preventive Therapy 3. The Chinese Non-Pluralistic Process of Transition PART II: ISLAMIC ECONOMIES 4. From the Islamic Revolution to the Islamic Republic Of Iran