The science of economics, referred to in
mediaeval Muslim sources. The goal of this knowledge was
management of the household. The economy of the home included the
totality of all its human relationships. Home economy was not
formed by the market but concentrated on home and farm. It united
ethics, economics and politics. Despite an urge for gain, the
motives for enterprise were different from the factory production
of modern capitalism. The ilm tadbir al-manzil studied the concept
of the 'whole house' as distinct from modern economics which
emerges from a market economy and concentrates on material aspects
of life.
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