He Predicted Every Financial Crisis in 1100 CE | The Islamic Economics You Were Never Taught

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They told you economics started with Adam Smith in 1776. They left out a lot. Abu Hamid Al-Ghazali — an 11th century Muslim scholar writing in Persia — described hoarding, currency manipulation, speculation, and institutional corruption with a precision that maps almost perfectly onto the financial crises of the modern world. In this episode, we break down Al-Ghazali's economic framework and what it means for Muslim entrepreneurs building today: Why hoarded money actively harms society How speculation destroys the trust that markets run on Why currency manipulation is a form of theft against the poor And what all of this means for how we build businesses This is our intellectual heritage. And it's more practical than anything taught in a classroom. The Caravan is a podcast for Muslim entrepreneurs, builders, and community makers. 🔔 Subscribe for more episodes on Islamic intellectual history, entrepreneurship, and community building.