The terrible epidemic that struck the Middle East, North Africa and Europe in 1347–1350, killed one-third of the population and had a traumatic effect on human civilization. Workers became exceedingly scarce and marked increases in prices for commodities ensued. Black Death had a tremendous personal impact on Ibn Khaldun’s early theory of labour value as populations vanished in the middle of the 14th century. His invaluable contribution to economic theories makes him the precursor as centuries later great economists such as Smith, Ricardo and Marx harked back upon his inductive empirical postulates, rather than on mere theoretical assumptions.
. Al-Obaid, Hussain. (2014). The Impact of Epidemic-related Depopulation and the Theory of Labour Value by Ibn Khaldun in the 14th Century. المجلة العلمية بکلية الآداب, 2014(27), 720-748. doi: 10.21608/jartf.2014.122236
MLA
Hussain . Al-Obaid. "The Impact of Epidemic-related Depopulation and the Theory of Labour Value by Ibn Khaldun in the 14th Century". المجلة العلمية بکلية الآداب, 2014, 27, 2014, 720-748. doi: 10.21608/jartf.2014.122236
HARVARD
. Al-Obaid, Hussain. (2014). 'The Impact of Epidemic-related Depopulation and the Theory of Labour Value by Ibn Khaldun in the 14th Century', المجلة العلمية بکلية الآداب, 2014(27), pp. 720-748. doi: 10.21608/jartf.2014.122236
VANCOUVER
. Al-Obaid, Hussain. The Impact of Epidemic-related Depopulation and the Theory of Labour Value by Ibn Khaldun in the 14th Century. المجلة العلمية بکلية الآداب, 2014; 2014(27): 720-748. doi: 10.21608/jartf.2014.122236
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