The Western Economic Thought and its Response from the Muslim World: An Over view

Nasir Nabi Bhat

Abstract: European history has had a tremendous impact on modern economic theory, in shaping the questions asked, as well as the questions not asked, in delimitations of boundaries, and in methodology. This influence is not generally recognized because of the assumption of the universality of Western experience, as well as the pretensions of economics to the status of

Keywords: Western Economic Thought, Historical Development, Islamic Economic Thought, Response to Western Economics