Islamic Roots of Capitalism

Egypt, 1760-1840
Challenging the ethnocentric notion that a capitalist economy could only be transferred to the peripheral states through contact with Europe, this text argues that the capitalist transformation of the Egyptian economy was begun by Muslim merchants and Mamluk rulers in the 18th century.
This paperback edition has an updated first chapter, resituating its main argument for today’s readers. New historical data on eigh­teenth- and nineteenth-century Egypt makes an extremely persuasive argument for the eighteenth-century roots of Egyptian modernity. The similarity, too, of Egyptian history with other Mediterranean countries is much more clearly demonstrated today than when Islamic Roots of Capitalism first was published.

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