The Seen and the Unseen - hosted by Amit Varma cover image

Ep 349: The Incredible Insights of Timur Kuran

The Seen and the Unseen - hosted by Amit Varma

CHAPTER

The Impact of Islamic Inheritance Laws on Economic Development

This chapter discusses how Islamic inheritance laws affect economic institutions and partnerships in the Middle East, leading to the dissipation of capital across generations and the hindrance of larger, more sustainable business initiatives. It explores the limited continuity in business dynasties, the absence of legal systems supporting larger partnerships, and the slow adoption of innovations from the West.

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