The new comparative economics focuses on individual institutions, rather than considering the economic system as an entity. In this essay we argue that economic systems should be defined in terms of clusters of complementary or covarying institutions. A cluster analysis of OECD countries, using...

This essay focuses on two questions: How do the current economic systems and institutions of Islamic nations differ from those of other nations at roughly the same stage of economic development? And what is the impact of Islam on the economic and social performance of these nations? Using a...