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Baha'u'llah formulates market economical problems in such terms that theories of well known economists such as Say, Keynes, Malthus, Smith become obsolete. Normally, when an economical crisis occurs in the market, the most relevant phenomenon is represented by sellers who aren't able to find buyers to acquire all the goods currently on the market at remunerative prices. (57:4) Say tried to demonstrate that, in spite of appearances, a similar deficiency of demand is really impossible, because the monetary value of the demand in an economical system and the monetary value of the overall supply are always equal and any possible deficiency of demand regarding the overall supply is always equal and any possibility of insufficient demand regarding supply remains so excluded. This law could have been valid when it was enunciated at the end of 1700, but it can no longer be true today, because money is used as capital, besides being a means of exchange. After selling his goods a capitalist has a certain quantity of money at his disposal that enables him not only to build the capital up again, but to increase it. Therefore the re conversion of money into goods is tied to the predictability of profitability. (57:5) If these predictions are not favorable, the conversion into goods will not occur and the selling /buying circuit will be interrupted; in this way producers of goods will be left with unsold products, this will lead to a decrease in prices that in turn will decrease the demand of means of production that, again, will cause a reduction of labor and unemployment through a chain reaction capable of putting the entire economy into a state of crisis. (57:6) Furthermore modern financial science teaches the use of currency to buy other currency that will never circulate thus creating a closed circuit of high value currency exchanges managed by a minority of entrepreneurs, who, by not affecting industrial and productive sectors will give profits and earnings only to the few people involved. This system will cause unemployment and will decrease actual salaries. In fact currency, as goods, has a price. The interest of those who possess it will most certainly be felt, whenever they sell it to others.
(57:7)
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