Economics

Small Simple Dictionary of Economics (Part 5 of 8)

Economics, like other sciences and arts, has its own language. Without knowledge of this language, it is very difficult to understand economics. This has stopped many from following local, national and international economic developments. When I mention that economics is my field of interest, it often creates a sense of…
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Small Simple Dictionary of Economics (Part 2 of 8)

Economics, like other sciences and arts, has its own language. Without knowledge of this language, it is very difficult to understand economics. This has stopped many from following local, national and international economic developments. When I mention that economics is my field of interest, it often creates a sense of…
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Small Simple Dictionary of Economics (Part 1 of 8)

Economics, like other sciences and arts, has its own language. Without knowledge of this language, it is very difficult to understand economics. This has stopped many from following local, national and international economic developments. When I mention that economics is my field of interest, it often creates a sense of…
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Building Communities that Encompass Everyone

To achieve the oneness of humanity, we need to build inclusive, cohesive communities worthy of the future – communities that welcome and encompass everyone.How can we possibly do that? It’s not easy, because each community is different, consisting of people of different ages, cultural backgrounds, religious beliefs, sexual orientations, political…
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How the Rich Are Accepting the Baha’i Call to Help the Poor

We’ve all noticed the contrast between the constructive and destructive forces at play in our lives. They affect all aspects of life, including the world’s great disparities of poverty and wealth, for good and bad.Sadly, our media outlets generally cover negative news and even sensationalize it, which means the news…
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My Lessons in Detachment and Reliance on a Higher Power

Aging has many benefits, allowing us to reflect on events in our past and understand how they changed the direction of our lives – which creates a good learning tool to analyze each life and its direction.In my life, I always thought I had tried to follow the spiritual principle…
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Letting Go of Entitlement and Embracing Gratitude

 Today the world is experiencing great confusion that has made humanity forget some fundamental values which could save us from great misery – and one of these forgotten values is thankfulness.A sense of entitlement pervades many cultures, and prevents them from appreciating the gifts given to them. Sadly, for many…
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How Can We Distribute Wealth Fairly?

The Baha’i concept of economics asks humanity to eliminate the extremes of wealth and poverty. For more than 40 years, I have studied that concept, and thought I had some general ideas about it.Recently, though, I realized how I’ve often failed to connect Abdu’l-Baha’s examples in his daily life to the whole idea of…
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Humanomics: Alleviating Poverty Through Virtues

For many years, I’ve tried to emphasize the need for humanity and morality in our economic systems – because I believe that lack of morality is the root cause of misery in the lives of billions of people.Those people struggle daily to survive, in the face of immoral economic injustice.So…
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