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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…

In the world of finance, investment is important – our entire economy depends on it. Let’s look at the definition of investment to determine the similarities between our financial and spiritual investments. The encyclopedia of investment, Investopedia, says: Investing, broadly, is putting money to work for a period of time…

SolutionsWhat we need is Humanomics. We need a system with humanity and virtues that are respected by all religions. They are universal and apply to everyone. Virtues such as:Assertiveness, Caring, Cleanliness, Compassion, Confidence, Consideration, Courage, Courtesy Creativity, Detachment, Determination, Enthusiasm, Excellence, Faithfulness, Flexibility, Forgiveness, Friendliness,  Generosity, Gentleness, Helpfulness, Honesty, Honor, Humility,…

Causes of ProblemsThere are so many problems with the economic system, and we can see it easily. I believe that these problems in the system can be resolved and solved if there is a will. Now you may say- why do these problems keep happening? In my view, we got…

Industrial RevolutionWhen someone in England in the 18th century automated his factory, that was the start of the industrial revolution. Soon after, the steam engine was invented, and mass production was launched. Everything changed. Now they needed roads and railways to bring the raw materials for the factories and transport…

At the outset, it has to be mentioned that, for the sake of simplicity, we are studying these Bahá’i Writings on economics briefly without going too deeply into their importance and implications. Volumes can be written on each of these Writings, and each could be the subject of extensive research.…

‘Abdu’l-Bahá summarizes the state of our world’s affairs and explains the nature of the problems: “Although the body politic is one family yet because of lack of harmonious relations some members are comfortable and some in direst misery, some members are satisfied and some are hungry, some members are clothed…