Ibn Khaldûn: A Fourteenth-Century Economist

Abstract

Ibn Khaldûn was a fourteenth-century thinker who found a large number of economic mechanisms which were rediscovered by modern economists. Also, he used these concepts to build a coherent dynamic system. By quoting Ibn Khaldûn's Muqaddimah, this article tries to explain how Ibn Khaldûn reached economic conclusions and how he organized them into an extremely coherent model.