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Abstract


Overview of Ottoman Economic Policy within the Framework of the Principles of Ottoman Economic World Vision
The Ottoman Empire took classical economic system over from Islamic-Turkish Civilization. Islamic law was the basis of the Ottoman economic system. Traditions and customs as well as the rules of Islamic Law were complied in the implementation of policy such as monetary, fiscal, price etc. Ottomans had a characteristic economic worldview where classical economic policy is based. Important principles from classical economic worldview determined the economic policy. Justice, provisionism, understanding of supplyside prosperity, traditionalism and fiscalism were the important principles adopted. These principles have created a whole by stabilization and interaction. Traditional economic policies were the product of classical economic system and principles adopted. The objectives in basic economic policy of Ottomans were to increase employment, production and welfare, to maintain price stability, to meet the needs of public and to prevent the exploitation. Traditional monetary and fiscal policy tools were used to achieve these goals. Quantitative policies were pursued rather than qualitative economic policies.
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Keywords
Ottoman Empire, Classical Period, Classical Economic Policies, Traditional Economic Thought


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