12/29/16

December 29

There are practically no technical teachings on economics in the Cause, such as banking, the price system, and others. The Cause is not an economic system, nor should its Founders be considered as having been technical economists. The contribution of the Faith to this subject is essentially indirect, as it consists in the application of spiritual principles to our present-day economic system. Bahá'u'lláh has given us a few basic principles which should guide future Bahá'í economists in establishing such institutions as will adjust the economic relationships of the world. 
- Shoghi Effendi  (From a letter dated 26 December 1935 written on behalf of Shoghi Effendi to an individual believer; The Compilation of Compilations, vol. III, Economics, Agriculture, and Related Subjects)