ANALYSIS OF FOREIGN EXPERIENCE IN DEVELOPING ECONOMIC THINKING THROUGH THE SCIENTIFIC HERITAGE OF EASTERN THINKERS

Abstract

This article examines the economic ideas formulated by Eastern thinkers — Al-Farabi, Ibn Sina, Biruni, Yusuf Khass Hajib, Ibn Khaldun, and Alisher Navoi — and their contribution to the system of economic thinking in modern foreign countries. The experience of using the Eastern economic heritage in the economic education systems of China, South Korea, Turkey, and other developing nations is analyzed. The commonalities between the concepts of market relations, fair distribution, labor productivity, and state governance found in the works of Eastern thinkers and modern institutional economics are demonstrated. Practical approaches to developing economic thinking based on scientific heritage are proposed.