Tag: Islamic Studies and History
Just price shifts from process fairness to market governance in Ottoman thought
What the study found The study finds that the meaning of “just price” changed across Islamic intellectual history. In Ibn Taymiyya’s writing, it combined consent, fairness in exchange, and attention to market structures that affect bargaining power. Ottoman Hanafi jurists later recast it in more prescriptive and distributive terms, focusing on profit regulation, provisioning, and…