ECONOMIC THOUGHT OF IBN KHALDUN AND ITS IMPLICATIONS IN CONTEMPORARY WESTERN ECONOMIC THOUGHT
The economic ideas put forward by Ibn Khaldun (ALmuqaema-Introduction) is a rich and fertile subject for research, which has aroused the interests of contemporary economists of different economic doctrines. A number of researchers have stopped at these ideas and their approach with the ideas of Adam Smith and Karl Marx, and some of them went as far as to consider Ibn Khaldun as the father The founder of economics who preceded the classic economic founders of modern economics by about four hundred years, and this conclusion did not stop there, but some, especially in American universities, found that many of the issues and problems in free capitalist economics can be found solutions and answers to them in the thought of Ibn Khaldoun. Ibn Khaldun touched on many issues, and clearly demonstrated the historical necessities of dividing labor according to professions and the prosperity of civilization, and studied the factors affecting determining the value of goods, products and prices, and singled out a place to talk about monopoly and the relationship between the size of taxes and the boom of markets or the crisis of economic depression, and did not Ibn Khaldun neglected the relationship between the size of the population and the size of demand in the markets, and the difference in purchasing power between the cities and civilizations, according to the level of urbanization and business prosperity. Finally, we stopped when Ibn Khaldun explained the role of luxury and corruption in the fall of civilizations
Keywords: Ibn Khaldoun, Thought, Economics, Western, Contemporary.