Welcome to my home-page..!!


Dr. Usamah Ahmed Uthman

Associate Professor of Economics

Department of Finance and Economics

King Fahd University of Petroleum & Minerals

Dhahran 31261, Saudi Arabia

email: osama@kfupm.edu.sa

Office Phone: 966-3-8602778



Research interest: Monetary and Macroeconomics

                   International Economics

                   Islamic Economics & Finance


A free lance consultant for:

Azzoni Management Consultants


Saudi Association of Dairy Products Producers      




Why Good Economists Are The rarest of Birds?



"The study of economics does not seem to require any specialized gifts of an unusually high order.  Yet good, or even competent, economists are the rarest of birds.  An easy subject, at which very few excel.  The paradox finds its explanation, perhaps, in that the master-economist must possess a rare combination of gifts.  He must reach a high standard in several different directions and must combine talents not often found together.  He must be mathematician, historian, statesman, philosopher - in some degree.  He must understand symbols and speak in words.  He must contemplate the particular in terms of the general, and touch abstract and concrete in the same flight of thought.  He must study the present in the light of the past for the purposes of the future.  No part of man's nature or his institutions must lie entirely outside his regard."


                                                                   John Maynard Keynes

                                                                   The Economic Journal

                                                                   September 1924



Links to Some Academic Papers:


Debt And Equity Contracts In The Theory Of Social Economy


Profit Sharing Vs. Interest Taking in the Kaldor-Pasinetti Theory of Income and Profit Distribution


Zakat, Comparative Taxation systems


Money, Interest, and an Alternative Macroeconomic System


Prospects for Minimum Wage in Saudi Arabia ( In Arabic)


Foundations of Islamic Economics


Indeterminacy of long run interest and profit rates


Schumpeter, the tax-like effect and the welfare cost of interest


Links to Some Professional Articles (IN Arabic):


The Moral Dimension Of Islamic Finance


Islamic Financial Engineering


An Open Letter To The Prime Minister Of Denmark


Oil Surpluses: Lessons Of The Past & Challenges Of The Future


The Wolf Shouldn't Die And Sheep Shouldn't Be Extinguished


Collecting Zakat on Real estate long overdue


The Last Crash of the Saudi Stock Market


Islamic Banks Realities and Aspirations


Repayment of Debts Should Precede Dividends


Surpluses and Debts in The Government's Budget


WTO and Saudi Arabia


Who is Calling The Shots in The Oil Market?


The Third Price War in Saudi Diary Products


On Late Marriages and Population Growth


Europe's Strikes:An Unplanned Success for OPEC


The oil Market after The War on Iraq


Harvard's Second Conference And Islamic Finance


Personal Income tax on Foreign Labor


Turkey A Chained Giant


Don't sell Saudi Airplanes to foreigners


The Euro A New Economic Giant




Topics for Research




Web Sites In Finance and Economics




Link to Teaching Documents:


        Microeconomics 101 class Notes


         Macroeconomics 202 Class Notes


         Macroeconomics Tables


    Public Finance


    Managerial Economics





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