Religion

The idea of equality has been included in some economic theories, but as we can see in our world today, they have failed to achieve it. The Bahá’í Faith not only stresses the importance of equal opportunities but encourages mankind to go one step further: “… the Teachings of Bahá’u’lláh advocate…

 The most crucial mistake that the economists have made is their failure to recognize man’s high station. Hence, it is not surprising to see man being reduced to one of the factors in production (labour), along with land and capital. Their theories have used a very limited definition of man.…

A key feature of the divine economy that differs fundamentally from current economic theories is the recognition of the importance of the spiritual advancement of man, along with his material advancement. “Material civilization has reached an advanced plane, but now there is need of spiritual civilization. Material civilization alone will not…

What makes the “divine economy” different from all the economic systems of the world is its approach to the source of the economic problems and their solutions. In this way, it differentiates itself from all the past and present economic theories and thoughts. ‘Abdu’l-Bahá states:“The fundamentals of the whole economic condition…

Another problem, that of the survival of the fittest, which originates in human nature, has been man’s legacy from the days when he lived a primitive life in the jungles to the present time.  Today it is called competition. “In the world of nature we behold the living organisms in a…

‘Abdu’l-Bahá explains one of the problems that has had great economic consequences on the world’s nations:“Peace is the pretext, and night and day they are all straining every nerve to pile up more weapons of war, and to pay for this their wretched people must sacrifice most of whatever they…

  Introduction There is no doubt that the subject of Economics is one of the most important and overwhelming questions of our time. Whether at the individual level or at the national level, everyone is trying to solve their economic problems. The economic situation of the world at present is…

Introduction There is no doubt that the subject of Economics is one of the most important and overwhelming questions of our time. Whether at the individual level or at the national level, everyone is trying to solve their economic problems. The economic situation of the world at present is in…