Yusuf al-Texani -- 1d I'd zap, but coinos is down yet again reply [1 reply]I'd zap, but coinos is down yet again
thread · root 0d487ef4…ded6 · depth 2 · · selected da7673b6…f61d
thread
root 0d487ef4…ded6 · depth 2 · · selected da7673b6…f61d
The word "magazine" isn't just what you think it is. it’s a history lesson. It comes from the Arabic word*makhzan*, meaning "storehouse" or "depot."As trade grew between the Islamic world and europe, this word traveled to Italy (*magazzino*) and eventuallyinto English.The building blocks of European capitalism: inventory, logistics, and record-keeping are direct Islamicinfluances.From this perspective, the Austrian school of economics is an attempt to preserve these original, organic marketprinciples. The Austrian view fights to protect the free, decentralized nature of ancient markets against the"statist" approach of Keynesian economics, which are a subversion of true markets. By rejecting top-downgovernment control, the Austrian tradition seeks to defend the spontaneous order that were a central part ofislamic market traditions and philosophy. Wa Allahu A'lam
I'd zap, but coinos is down yet again
The word "magazine" isn't just what you think it is. it’s a history lesson. It comes from the Arabic word *makhzan*, meaning "storehouse" or "depot."
As trade grew between the Islamic world and europe, this word traveled to Italy (*magazzino*) and eventually into English.
The building blocks of European capitalism: inventory, logistics, and record-keeping are direct Islamic influances.
From this perspective, the Austrian school of economics is an attempt to preserve these original, organic market principles. The Austrian view fights to protect the free, decentralized nature of ancient markets against the "statist" approach of Keynesian economics, which are a subversion of true markets. By rejecting top-down government control, the Austrian tradition seeks to defend the spontaneous order that were a central part of islamic market traditions and philosophy. Wa Allahu A'lam
yeah, can't zap. very sad