Ibn Khaldun - 14th Century Tea Party Sufi.Submitted by Regnad Kcin on Thu, 04/16/2009 - 14:37
One of the great ancient writers was the North African Arab historian Ibn Khaldun [or Khaldoun], full name: Abdu r-Raḥman bin Muḥammad bin Khaldūn Al-Hadrami,(1332-1406) who is considered to be one of the founders of the study of Economics. Note that Khaldun was a "historian" and he drew from texts already considered ancient. His perhaps most famous work is his "Moqaddimah", the "Introduction" to Khaldun's History of the World.
Ibn was famously quoted in 1993 by Ronald Reagan -
“At the beginning of the empire, the tax rates were low and the revenues were high. At the end of the empire, the tax rates were high and the revenues were low”.
IBN KHALDUN’s ECONOMIC PRESCRIPTIONS FOR A CIVILIZED SOCIETY IN MOQADDIMAH: