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This is Iran, a highly controversial nation that has of course made headlines in recent months for hostilities back and forth between the united states. Hostility towards the united states is really nothing new in and of itself but these particular hostilities have gained so much attention in part because Iran is a very very powerful military nation in its own right. Now a lot of that power comes down to its economy which gives it the ability to be a force that people actually fear to engage with.

Even outside of hostilities and fear-mongering the economy of Iran is a really interesting case study because it is one of the largest modern economies that draws policy not only from economic and political theory but also directly from the teachings of Islam, which gives it some really interesting characteristics.


📚 Want to learn more about the economy of Iran? We recommend reading “Contemporary Iran: Economy, Society, Politics”, by Ali Gheissari 👉 (as an Amazon Associate, we earn from qualifying purchases)

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Sources & Citations –

Behdad, S., 1994. A disputed utopia: Islamic economics in revolutionary Iran. Comparative studies in society and history, 36

Cherkaoui, Mohammed. “Trump’s Withdrawal from the Iran Nuclear Deal: Security or Economics.” Al Jazeera Centre for Studies 10 (2018).
Cherkaoui, M., 2018. Trump’s Withdrawal from the Iran Nuclear Deal: Security or Economics. Al Jazeera Centre for Studies

Thaler, D.E., Nader, A., Chubin, S., Lynch, C., and Green, J.D., 2010. Mullahs, Guards, and Bonyads: an exploration of Iranian leadership dynamics

Saeidi, A.A., 2004. The accountability of para-governmental organizations (bonyads): the case of Iranian foundations. Iranian Studies,

Oskooe, S.A., 2010. Emerging stock market performance and economic growth. American Journal of Applied Sciences

Sinaee, H., and Moradi, H., 2010. Risk-return relationship in Iran stock market. International Research Journal of Finance and Economics,

Oskooe, S.A.P., 2012. Oil price shocks and stock market in oil‐exporting countries: evidence from Iran stock market. OPEC Energy Review

Saeidi, P., 2012. The relationship between income smoothing and income tax and profitability ratios in Iran stock market. Asian Journal of Finance & Accounting


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