Asad Zaman

Asad Zaman (born 1955) is a Pakistani professor, economist, and social scientist. He has served as Vice-Chancellor of the Pakistan Institute of Development Economics, member of the Economic Advisory Committee to the Prime Minister, and Director General of International Institute of Islamic Economics. He holds a Ph.D. in economics from Stanford University (1978), an MS in statistics from Stanford University (1976), and a BS in mathematics from MIT (1974). He is the editor of International Econometric Review and sits on the editorial board of various journals. More biographical information can be found in “Reflections on an MIT education”, “The Education of an Economist”, and at https://asadzaman.net/about-me/.

Books such as “The Long Divergence: How Islamic Law Held Back the Middle East”, and “Rulers, Religion, and Riches: Why the West Got Rich and the Middle East Did Not”, explore the reasons for the economic divergence between European societies and the rest of the world. This question has been a central focus of Dr. Asad Zaman's research. He argues that Western conquest and colonization led to shock-and-awe and an inferiority complex in the East, impacting Islamic Civilization. He proposes the “Ghazali Project” as a solution.

Publications

Dr. Asad Zaman has over 100 published articles with more than 1800 citations. Notable works include:

• Econometric applications of high-breakdown robust regression techniques
• Islamic economics: A survey of the literature
• Interindustry variation in the costs of job displacement

Radical Views

Dr. Zaman argues that "Social Science" is Eurocentric and inapplicable to non-Western societies. He critiques Western Social Science in papers such as “The Puzzle of Western Social Science” and “The Origins of Western Social Science”. He also rejects Statistics and Econometrics, proposing alternative approaches based on Islamic methodology.

Islamic Economics

Dr. Zaman advocates for replacing Western Economics with Islamic Economics. Key papers include:

• “The Normative Foundations of Scarcity”
• “The Crisis in Islamic Economics”
• “Islam's Gift: An Economy of Spiritual Development”

The Ghazali Project

The Ghazali Project aims to address the challenges faced by Islamic Civilization due to the influence of Western Social Sciences. Dr. Zaman argues for rejecting Western Social Science and developing an Islamic alternative.

Courses

Dr. Zaman has developed several courses with an Islamic approach, including:

1. Capitalist Economics (an Islamic Approach)
2. Descriptive Statistics: An Islamic Approach
3. Fundamental Probability Concepts: An Islamic Approach
4. Econometrics for Muslims

Social Media

Dr. Asad Zaman blogs at the WEA Pedagogy Blog and the Islamic Worldview Blog. He also has a YouTube Channel [1].

External links

• Personal website
• www.era.org.tr/articles.html
• Asad Zaman publications indexed by Google Scholar

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