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Hossein Askari (economist)

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Hossein Askari


Hossein Askari (professor) hosseinaskaricomwordpresswpcontentuploadsIm
Massachusetts Institute of Technology

Globalization and Islamic Finance, Introduction to Islamic Economic, Islam and the Path to Human a, New Issues in Islamic Finance a, Middle East Oil Exporters

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Hossein Askari was born in Iran and received his elementary and secondary education in the United Kingdom. He then came to the United States where he earned his SB in Civil Engineering, attended the MIT Sloan School of Management, and received his PhD in Economics, all at the Massachusetts Institute of Technology. He was an instructor at MIT, and started his academic career at the age of twenty-three as an Assistant Professor of Economics at Tufts University, becoming an Associate Professor at Wayne State University, and Professor of International Business and Middle Eastern Studies at the University of Texas at Austin in 1978, before coming to George Washington University (GW) in 1982, where he has served as Chairman of the International Business Department and as Director of the Institute of Global Management and Research and is now the Iran Professor of International Business and Professor of International Affairs.

Hossein Askari (economist) hosseinaskaricomwordpresswpcontentuploadsIm

He served for two and a half years on the Executive Board of the International Monetary Fund and was Special Advisor to the Minister of Finance of Saudi Arabia; in this capacity he frequently spoke for Saudi Arabia at the IMF Executive Board; he developed the idea for a special Quota increase for Saudi Arabia, giving Saudi Arabia an effective permanent seat on the Board; and he assisted in the negotiations of a $10 billion loan to the IMF. During the mid-1980s he directed an international team that developed the first comprehensive domestic, regional and international energy models and plan for Saudi Arabia. During 1990-1991 he was asked by the governments of Iran and Saudi Arabia to act as an intermediary to restore diplomatic relations; and in 1992 he was asked by the Emir of Kuwait to mediate with Iran. He has written on economic development in the Middle East, Islamic economics and finance, international trade and finance, agricultural economics, oil economics and on economic sanctions.


  • Islamicity Indices: The Seed For Change (Palgrave Macmillan, November 2015), co-authored with Hossein Mohammadkhan
  • The Next Financial Crisis and How to Save Capitalism (Palgrave Macmillan, June 2015), co-authored with Abbas Mirakhor
  • Introduction to Islamic Economics: Theory and Application (John Wiley and Sons, January 2015), co-authored with Zamir Iqbal and Abbas Mirakhor
  • The Gold Standard Anchored in Islamic Finance (Palgrave Macmillan, December 2014), co-authored with Noureddine Krichene
  • Challenges in Economic and Financial Policy Formulation: An Islamic Perspective (Palgrave Macmillan, December 2014), co-authored with Zamir Iqbal and Abbas Mirakhor
  • Conflicts in the Persian Gulf: Origins and Evolution (Palgrave Macmillan, October 2013)
  • Collaborative Colonialism: The Political Economy of Oil in the Persian Gulf (Palgrave MacMillian, September 2013)
  • Conflicts and Wars: Their Fallout and Prevention (Palgrave Macmillan, July 2012)
  • Risk Sharing in Finance: The Islamic Finance Alternative (John Wiley and Sons, December 2011), co-authored with Zamir Iqbal, Noureddine Krichene and Abbas Mirakhor
  • Islam and the Path to Human and Economic Development (Palgrave Macmillan, August 2010), co-authored with Abbas Mirakhor
  • The Stability of Islamic Finance (John Wiley, January 2010), co-authored with Zamir Iqbal, Noureddine Krichene and Abbas Mirakhor
  • Corruption and its Manifestation in the Persian Gulf (Edward Elgar, August 2010), co-authored with Scheherazade Rehman and Noora Arfaa
  • Globalization and Islamic Finance: Convergence, Prospects, and Challenges (John Wiley, 2009), co-authored with Zamir Iqbal and Abbas Mirakhor
  • New Issues in Islamic Finance: Progress and Challenges (John Wiley, September 2008), co-authored with Zamir Iqbal and Abbas Mirakhor
  • The Militarization of the Persian Gulf (Edward Elgar, December 2009), co-authored with Amin Mohseni and Shahrzad Daneshvar
  • The Middle East Exporters: What Happened to Economic Development? (Edward Elgar, December 2006)
  • Economic Sanctions: Examining Their Philosophy and Efficacy (Praeger Publishers, 2003) co-authored with John Forrer, Hildy Teegen and Jiawen Yang
  • Case Studies of U.S. Economic Sanctions: The Chinese, Cuban and Iranian Experience (Praeger Publishers, 2003) co-authored with John Forrer, Hildy Teegen and Jiawen Yang
  • Economic Development in the Countries of the GCC: The Curse and Blessing of Oil (JAI Press, 1997), co-authored with Vahid Nowshirvani and Mohamed Jaber
  • Third World Debt And Financial Innovation: The Experiences of Chile and Mexico and Innovation Financiere et Dette du Tiers-Monde: Le Cas du Chili et du Mexique (OECD, 1991)
  • Saudi Arabia: Oil and the Search for Economic Development (JAI Press, 1990)
  • Taxation and Tax Policies in the Middle East (Butterworth Publishers, 1982), co-authored with John Cummings and Michael Glover
  • Oil, OECD and the Third World: A Vicious Triangle (The University of Texas Press, 1978), co-authored with John Cummings
  • Agricultural Supply Response: A Survey of the Econometric Evidence (Praeger, 1976), co-authored with John Cummings
  • The Economies of the Middle East in the 1970s: A Comparative Approach (Praeger, 1976), co-authored with John Cummings
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