Ibnu Khaldun And Adam Smith: A Comparative Analysis Of Economic Growth And State Role

Rahmatullah, M. Riki and Ubaidillah, Ubaidillah (2025) Ibnu Khaldun And Adam Smith: A Comparative Analysis Of Economic Growth And State Role. Ibnu Khaldun and Adam Smith: A Comparative Analysis of Economic Growth and State Role, 05 (02). pp. 457-466. ISSN 2808-0696(p), 2807-9531(e)

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Abstract

This study aims to compare the economic thoughts of Ibnu Khaldun and Adam Smith in relation to economic growth and the role of the state. Both thinkers, emerging from different historical and cultural contexts Ibnu Khaldun from 14th century Islamic civilization and Adam Smith from 18th-century Western classical economics offer foundational ideas on how economies develop and the function of governance. Using a qualitative approach with literature study as the method, this research analyzes the key similarities and differences in their views. The findings reveal that while Adam Smith is often associated with the laissez-faire principle, he acknowledges the necessity of state involvement in providing public goods and maintaining legal frameworks. Conversely, Ibnu Khaldun views a just and stable government as essential for sustaining economic prosperity, emphasizing moral and political stability. The study highlights that both thinkers recognize the interplay between governance and economic development. These insights contribute to enriching modern economic discourse by integrating historical and ethical perspectives, offering a more holistic foundation for addressing current economic challenges and rethinking the role of the state in ensuring sustainable growth.
Keywords: Economic Growth, Governance, Ibnu Khaldun, Adam Smith, Economic Ethics, Islamic Economics.

Item Type:	Article
Subjects:	14 ECONOMICS > 1401 Economic Theory > 140101 History of Economic Thought 14 ECONOMICS > 1402 Applied Economics > 140202 Economic Development and Growth
Divisions:	Fakultas Ekonomi dan Bisnis Islam > Ekonomi Syariah
Depositing User:	M. Riki Rahmatullah
Date Deposited:	01 Dec 2025 02:09
Last Modified:	01 Dec 2025 02:09
URI:	http://digilib.uinkhas.ac.id/id/eprint/49395

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