Menilik balik inflasi: Pemikiran ekonomi Islam Al-Maqrizi

Abstract

This paper aims to analyze Al-Maqrizi’s economic thoughts with a historical lens. Inflation is an economic condition whichis an inevitable phenomenon that affects various countries throughout the world. One of the Islamic economic figures known for his theory of inflation is Al-Maqrizi, or Taqiyuddin Abu Al -Abbas Ahmad bin Ali bin Abdul Qadir Al-Husaini. Aprominent Islamic historian who was born in 1364-1365 AD (776 AH) in the village of Barjuwan, Cairo. This research usesa bibliographic approach. The data was analyzed using historical and textual analysis of the content of al-Maqrizi’s written works. The research results show that Al-Maqrizi was a Muslim historian and economist who observed inflation phenomena in various historical periods. At that time, Egypt experienced various inflation events, one of which was inflation caused by a scarcity of agricultural products due to natural disasters and high demand. Inflation is not a new phenomenon; instead, it has haunted people in various parts of the world for centuries. Al-Maqrizi discovered the inflation phenomenon which was divided into two types, namely natural inflation and inflation due to human error. By finding the root of the inflation problem, we can implement more effective policies to prevent a repeat of the history of inflation which is detrimental to society and the economy.