Economics

In most societies it’s common for older people to not trust the judgement of younger people. The reason usually given is that youth lack experience. And this is true — young people don’t have the same amount of experience. But this reasoning never satisfies me because it ignores some of the insight…

The whole world faces an economic crisis the likes of which we’ve never dealt with before – the great disparity between enormous wealth and grinding poverty keeps getting wider and wider.In Paris more than a hundred years ago, Abdu’l-Baha, the son of Baha’u’llah, the prophet and founder of the Baha’i…

Most people think that human beings are fundamentally competitive, and they may be right if we look at human history. Industrialists and economists believed that Darwin’s theories justified an economy of vicious competition and inequality. This has left us with a legacy that says that the corporate economy — where wealth…

The onset of the coronavirus has highlighted the need for economic changes for humanitarian purposes — changes many economists and many everyday people have been crying for. There is a need for an economic system that can adjust to the needs of humanity and eliminate the extremes in wealth between…