Does democracy promote economic development? This paper reviews recent attempts to address this question that exploited within-country variation. It shows that the answer is largely positive, but also depends on the details of democratic reforms. First, the sequence of economic vs political...

Does international financial integration boost economic growth? The question has been discussed controversially for a long time. As of yet, robust evidence for a positive impact is lacking (Edison et al., 2002). However, there is substantial narrative evidence from economic history that...

Glossary -- Introduction -- The 'social problem'. Discovering society ; Property and social power ; Education to restore the moral economy -- Islamic social critics. Social solidarity ; Property and its social function ; The problem of money ; Maslahah, society's interests -- Islamic socialism....