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December 30, 2006

Eid Mubarek and Economics

On the occasion of wishing, to the extent I am capable of such, readers Happy Holidays, Eid Mubarek and similar canned sentiments, a quick suggestion.

For the Islamic world, the Eid is a great time to reflect on the current inefficiencies in the markets, on why one can't do haouli forward contracts for an Eid delivery on a sheep, and generally on how consumption spikes in MENA reveal failures in the subsidies systems.

You might take time to reflect if an Islamic MBA would help introduce such ideas into conservatives venues, or ask what private investment may actually be doing. Regardless, the region is tipping on the edge of catastrophe due to the Americans' incompetence, but I remain hopefull that other trends, like massive amounts of capital and investment will tide things over.

Posted by The Lounsbury at December 30, 2006 07:27 AM
Filed Under: Economic Development , Islam General , MENA Region General

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Posted by: Amine at December 30, 2006 07:17 PM

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