This framework incorporates standard variables and also some additional social...

This framework incorporates standard variables and also some additional social, psychological, environmental and religious variables in the economic analysis, which were previously neglected by economists. Hence this framework allows one to study human behavior with reference to Mahdavi Doctrine and can estimate various socio economic relationships of current and future importance. 3.

Economics of Future Economics of the future is newly emerging subject, which deals with the economic analysis of the current and future scenarios having some future importance. The economic theories / laws which are used for the economic planning and policies of the economies related with the economics of future.

Conventional economics uses empirical evidence on past to predict about future economic outcomes while Divine Economics uses all the three methods such as divine revelation, experience / perceptions made by wise men as well as empirical methods.

Divine Revelations Experience / perception of wise men in the society Empirical analysis ________________________________________________________________ Source: Divine Economics The conventional economists formulate the theories/laws of economics on the basis of trends using past data. The 2nd technique ( wisdom / experience / perception ) commonly known as deductive method was being used up to the publication of the General Theory of Employment by J. M. Keynes. Later on the 3rd method i.e.

empirical analysis known as scientific technique is used. Different approaches such as Lucas's misperception theory, adaptive / rational expectations, Game theory and regression analysis are used for the solution of the economy's problems and predictions are made accordingly for policy making.

Conventional economics uses empirical evidence on past values to predict the future economic outcomes that may be true or false so the policies implemented on the basis of these economic outcomes may not be fruitful. On the other hand in divine economics above cited three methods such as divine revelation, experience / perceptions made by wise men as well as empirical methods so predictions made by the divine economics will be true in all respects and the policies can be used for research.

In general the followers of all the divine religions (Jews and Christians) and in particular the followers of Islam firmly believe on divine books (Bibal), Qura'n and Hadiths.