Dear Doug,Yes, indeed. The Islamic approach to banking continues to accord with the original ethos of both the Judaic and Christian traditions. This should be no surprise, given that Islam does not claim to be a new religion, merely a reformed version of the two earlier offshoots of the religious tradition which appears to originate with Abraham.The root issue here relates to the question of to what extent it ought to be possible to treat money as a commodity which itself can be bought and sold. In a world where so many of us have powerful networked computers in our pockets, it ought to be possible to devise an infrastructure for monetary systems where a Currency could have a parameter which defines the extent to which it can be commoditized.We ought to be able to set a slider which has Islamic finance at one end and CDSs and other exotic derivatives at the other :-)On 15 Mar 2010, at 10:18, Doug McDavid wrote:On that point, Trevor, and apropos WoW, etc., it is interesting to see
the results of the following Google search: "financial crisis"
On Mon, Mar 15, 2010 at 2:03 AM, Trevor E Hilder <[log in to unmask]> wrote:Dear Joe,On 14 Mar 2010, at 20:15, Joseph Truss wrote:Thanks for this Trevor. I would never have looked at this myself on thebasis of the title but due to your recommendation I did and found it worththe look. The provenance of double entry as an 'accounting' to God,community and self never occurred to me as I thought it was a businessinvention.[TEH] Actually, I was surprised when I heard that, because it contradictseverything I thought I knew about the subject. When you get to part 5, youwill find other scholars disagreeing with that perspective, which seems tome to be much more typical of Protestantism than pious Roman Catholicism.There is plenty of evidence that the great Italian merchants were not"pious" Roman Catholics. If they were, it would be hard to explain, forexample, why Cosimo Medici spent a fortune on hunting down copies of raremanuscripts that were believed to pre-date the Jewish scriptures and weretherefore believed to be closer to the truth than they were. Medici foundedthe Platonic Academy, which was at the heart of the Italian Renaissance, butconsidered to be very close to outright heresy. The Academy's "chairman"was Marsilio Ficino, who embarked on the work of translating the works ofPlato into Latin, then dropped everything to translate the Hermetic textswhen a copy was finally tracked down. All of the classical works thatinspired the Italian Renaissance had been lost to the West and werepreserved and developed mostly by Arab scholars in the Sufi tradition.It puzzles me how much historical statements from respectable sourcescontinue to be coloured by a denial of the influence of the Islamic world onmedieval Europe. This radio series so far (up to part 5) has completelyfailed to mention the connection between double-entry book-keeping and theuse of Arabic numerals to do the arithmetic. Fibonacci introduced Arabicnumerals to Europe in about 1200, having learned mathematics from Arabicscholars, whom he contacted because he was running a trading post in what isnow Algeria.Pacioli wrote up double-entry book-keeping as part of a philosophicaltreatise, since it was considered to be a branch of philosophy at the time.He taught arithmetic to Leonardo da Vinci, who illustrated his treatise onthe geometrical solids by doing the engravings for the book. I have readthat Pacioli stated that double-entry book-keeping was invented by theArabs, but I'm not sure what the authority for that is.These activities were considered deeply suspect by pious Christians, whoconsidered doing arithmetic with Arabic numerals as a branch of magic!It also annoyed me that Jonathan Dimbleby, in his TV series, Seven Ages ofBritain, claimed that the Temple Church in London is round because it ismodelled on the Church of the Holy Sepulchre in Jerusalem. This is nonsense,since that church isn't round. The Temple Church is round, because it ismodelled on the Dome of the Rock, the Moslem building on the site ofSolomon's Temple, which is the location which gave the Knight's Templartheir name, and to which they were dedicated.The fact that such inaccurate statements are still considered "facts" justshows how much we are still subject to pernicious propaganda left over fromthe ideological struggle between Christianity and Islam, which has lasted athousand years, but should have finished when the Ottoman Empire finallycollapsed in the 1920s.A more accurate portrayal of the cultural connections that unite us, ratherthan divide us, can be found in Idries Shah's The Sufis.The life of a small brain in the midst of a big mind-field like Metaphorumis not an easy one as it is constantly challenged with new information, andthankfully, spice is the variety of life…Thanks for the spice…Cheers,JoeJoseph TrussTeam Syntegrity International AG/ Metaphorum / Abbey North Drummers________________________________From: Trevor E Hilder <[log in to unmask]>Sent: Sun, March 14, 2010 3:34:04 PMSubject: Re: BBC iPlayer - A Brief History of Double Entry Book-keepingEpisode 1Dear Roger,Sorry - that's what comes of emailing from an iPhone - it went to the mobileversion of the web site.The correct link is here.On 14 Mar 2010, at 16:09, Roger Harnden wrote:The link doesn't work.What is the programe, Trevor?RogerOn 14 Mar 2010, at 16:02, Trevor E Hilder wrote:Dear all,This BBC Radio 4 series is a lot more interesting than you might expect:Episode 1 expires at 16:00 tomorrow, so catch it while you can.Regards,Trevor~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~For more information go to: www.metaphorum.orgFor the Metaphorum Collaborative Working Environment (MCWE) go to:METAPHORUM eList Archive available atArchive of CYBCOM eList available at~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~For more information go to: www.metaphorum.orgFor the Metaphorum Collaborative Working Environment (MCWE) go to:METAPHORUM eList Archive available atArchive of CYBCOM eList available at~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~--Regards,Trevor [log in to unmask]~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ For moreinformation go to: www.metaphorum.org For the Metaphorum CollaborativeWorking Environment (MCWE) go to: www.platformforchange.org METAPHORUM eListArchive available at- https://listserv.heanet.ie/ucd-staffordbeer.html Archive of CYBCOM eListavailable at- http://hermes.circ.gwu.edu/archives/cybcom.html~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~________________________________The new Internet Explorer® 8 - Faster, safer, easier. 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