Ilm tadbir al-manzil
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Definition of "Ilm tadbir al-manzil"
The science of economics, as referred to in medieval 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 material 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 only.