Extrapolate Lessons from the Economic Philosophy of Ibn Khaldun to Better Fight COVID-19
Ibn Khaldun’s economic philosophy represents an interesting explanation of the convergence of social, political and economic realms of human lives. In his theory, he provides insights into the requirements for achieving sustainable economic development. He reiterates several theories like the social theory that is effective in the quest for sustainable economic growth. This paper explores the various philosophies brought forth by Ibn Khaldun regarding economic development. The research is focused on the ways in which an economy can be managed in times of crisis. The crisis in this paper is the outbreak of epidemics, specifically the COVID-19 pandemic. The study assumes a qualitative approach of explaining concepts from information captured in previous researches in the area. The study revealed that Ibn Khaldun’s ideologies have a specific application in the economic development process. It also realizes that the recommendations from his concepts can be utilized in the fight against the Coronavirus pandemic.