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Browsing by Duke-affiliated Author "Kuran, Timur"

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Browsing by Duke-affiliated Author "Kuran, Timur"

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  • The Absence of the Corporation in Islamic Law: Origins and Persistence
    Kuran, Timur (American Journal of Comparative Law, 2005-07)
    Classical Islamic law recognizes only natural persons; it does not grant standing to corporations. This article explores why Islamic law did not develop a concept akin to the corporation, or borrow one from another legal ...
  • Asymmetric price rigidity and inflationary bias
    Kuran, Timur (American Economic Review, 1983)
    This paper examines the adjustment policies of one particularc lass of businessf irms: profit-maximizing monopolistic firms with nondecreasing marginal cost functions and nonincreasing elasticity demand functions. The ...
  • The discontents of Islamic economic morality
    Kuran, Timur (American Economic Review, 1996)
    The main purpose of Islamic economics is not to improve economic performance. Notwithstanding the claim that Islamic economics provides a superior alternative to the secular economic doctrines of the time, its real purpose ...
  • The East European Revolution of 1989: Is it surprising that we were surprised?
    Kuran, Timur (American Economic Review, 1991)
    MAny aspects of the east european revolution are controversial, but on one point everyone agrees: it caught the world by surprise. even local dissedents were stunned by the sudden turn of events. We will never know how ...
  • Economic Structure and Performance
    Kuran, Timur (Journal of Economic Literature, 1986)
    This festschrift, featuring 26 papers by 36 authors, is a fitting tribute to Hollis Chenery who, for over three decades, has been one of the luminaries of development economics. Most of the issues he brought into focus, ...
  • The economic system in contemporary Islamic thought: Interpretation and assessment
    Kuran, Timur (International Journal of Middle East Studies, 1986-05)
    Since the late 1940s, and especially since the mid-1960s, a wealth of pamphlets, articles, and books have appeared that constitute the corpus of what is now known as "Islamic economics." This literature, whose exponents ...
  • Human Desire and Economic Satisfaction
    Kuran, Timur (Journal of Economic Literature, 1987)
    He makes us first of all realize that being black in the world of economists does make a difference. And then he tells a story in which fortune has the better part with him as the unwilling participant who nevertheless ...
  • Islam and the Economic Challenge
    Kuran, Timur (Journal of Economic Literature, 1993)
    The collapse of socialism and its centrally-planned economies in the former Soviet Union and Eastern Europe has raised a host of critical questions for all concerned with the ideological future of mankind. Does this ...
  • The Islamic Commercial Crisis: Institutional Roots of Economic Underdevelopment in the Middle East
    Kuran, Timur (Journal of Economic History, 2003-06)
    During the second millennium, the Middle East's commerce with Western Europe fell increasingly under European domination. Two factors played critical roles. First, the Islamic inheritance system, by raising the costs of ...
  • On the notion of economic justice in contemporary Islamic thought
    Kuran, Timur (Journal of Middle East Studies, 1989-05)
    In the massive contemporary literature that has come to be known as "Islamic economics,"' the claim is repeatedly made that an Islamic economic system would achieve a greater degree of economic justice than existing ...
  • Pioneers in Development: Second Series
    Kuran, Timur (Journal of Economic Literature, 1988)
    Most doubtful, though, is Gruchy's unbridled faith in planning. The unpredictable dynamics Gruchy finds in economic systems argue strongly against centralized planning, as neo- Austrians suggest. At the practical level ...
  • Price adjustment costs, anticipated inflation, and output
    Kuran, Timur (Quarterly Journal of Economics, 1986)
    Even when inflation is perfectly predictable, a firm for whici price adjustment is costly will keep its nominal price unchanged for extended periods. At least part of the time, therefore, the firm's real price will diverge ...