ভূমিকা

Shiavault - a Vault of Shia Islamic Books The Era of Imam Mahdi the New Global Labor Leisure Choices Under the Divine Economics Frame Work Labor-leisure choices have been explored by the social scientists in a conventional rigorous manner. It has been taken as a residual demand function (Labor supply models), as well as in the joint utility (consumption and leisure bundles) maximizing frameworks (e.g. varian, 1992) .

Leisure choices are taken as consumption expenditure choices, where one tends to have time for consuming what she has earned from the market labor hours provided. Where as in our analysis which is based on a tradition of divine revelations by Imam Mosa Kazim (A.S), it is taken as an allocation which has both the expenditure choices as well as investment choices.

It is synonyms to emerging viewpoint about educational expenditures as an investment, which are differentiated from the consumption expenditures. As noted by Zaman (2005) that Current Economic theory is firmly set in the mold structured by Adam Smith (1776) where the objective is to look into factors which affect the wealth (and hence power, prosperity) of nations considered as a whole.

This makes economic striving into a rat race, where everybody strives to get ahead but net gain to society is zero among the wealthy. The objectives of the present study is to develop a theoretical framework following Hamdani (2003), which incorporates the faith as an overarching principle for human resource allocation decision and see its implications on different aspects of wellbeing.

Secondly the paper would estimate the leisure choices using the Divine Economics framework of Hamdani (2003) and Hamdani et.al (2004) for resource allocation.

Theoretical Background Conventional concept of human being as an economic agent is very narrow, rather abstract which has no linkage (which emphasizes the need to develop an interdisciplinary approach to human development) between why man was created, its objectives of life and time path it carries, the promised resources, what he has to do in his different stages of life (the natural cycle) and finally where would he move after that cycle on this earth.

In all religions it is proposed that the Humans are created for a divine cause and their lifecycle on earth is not merely to be the best in terms of what they eat, Wear, or which social status they enjoy etc but the supreme objective is to obey GOD and enjoy the blessings of GOD by recognizing them.