Economics and Capitalism in the Ottoman Empire by Deniz T. Kilinçoğlu

By Deniz T. Kilinçoğlu

Is it attainable to generate "capitalist spirit" in a society, the place cultural, financial and political stipulations didn't spread into an business revolution, and for this reason into a complicated industrial-capitalist formation? this can be precisely what a few in demand public intellectuals within the past due Ottoman Empire attempted to accomplish as a developmental technique; lengthy earlier than Max Weber outlined the proposal of capitalist spirit because the major rationale in the back of the advance of capitalism.

This ebook demonstrates how and why Ottoman reformists tailored (English and French) financial conception to the Ottoman institutional environment and popularized it to domesticate bourgeois values within the public sphere as a developmental process. It additionally unearths the approaching result of those efforts by way of proposing examples of the way bourgeois values permeated into all spheres of socio-cultural lifestyles, from family members lifestyles to literature, within the past due Ottoman Empire.

The textual content examines how the interaction among Western eu monetary theories and the conventional Muslim fiscal cultural environment cleared the path for a brand new synthesis of a Muslim-capitalist worth process; laying off mild at the emergence of capitalism―as a cultural and an fiscal system―and the social transformation it created in a non-Western, and extra in particular, within the Muslim center japanese institutional surroundings. This booklet may be of significant curiosity to students of recent heart jap heritage, monetary heritage, and the historical past of financial thought.

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Nevertheless, it seems that Ottoman interest in economics began to produce some treatises in Turkish as early as in the 1830s. For example, an anonymous 86-page manuscript located in the National Library of Austria, entitled Tedbir-Â�i Ûmran-ı Mülkî (Administration of Public Prosperity), is the earliest known Ottoman study on economics, with a content and style somewhat resembling European examples. 1839,103 it seems safe to assume that the manuscript belongs to the 1830s. A quick glance at the content (especially its comprising—almost exclusively—of domestic examples) and discursive properties of the text hints that the author penned an original work, referring to some European sources, rather than translating or adapting a specific text.

14 Max Weber, The Protestant Ethic and the Spirit of Capitalism, trans. Talcott Parsons (New York: Charles Scribner’s Sons, 1958). J: Princeton University Press, 2000); Robert C. Allen, The British Industrial Revolution in Global Perspective (Cambridge University Press, 2009). 16 Daron Acemoglu and James Robinson, Why Nations Fail: The Origins of Power, Prosperity, and Poverty, 1st ed. (Crown Business, 2012); Thomas Piketty and Arthur Goldhammer, Capital in the Twenty-Â�First Century (Cambridge, MA: Belknap Press, 2014).

The second chapter explores the Ottoman economic literature in its most prolific period, the Hamidian era (1876–1909). The close textual analysis of books and popular manuals about economics and economy-Â�related matters presents insights into the cultural, linguistic, and intellectual dynamics of translation from European sources, thereby studying the patterns of the Ottomanization of economics through Ottoman intellectuals’ adaptation of the conceptual framework of classical political economy into the Ottoman socio-Â�economic and cultural context.

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