Redistribution of Wealth
Compiled By Research Department Of The Universal House Of Justice.
Now with regard to your questions concerning Bahá'í economic teachings: the writings of Bahá'u'lláh do not contain any technical teachings on the subject of economics, and on such specific financial questions as gold standardization, monetary standards and exchanges, etc. —what they provide however are certain general principles in the light of which future Bahá'í economists will have to evolve the Bahá'í Economic System of the future. These principles contribute the basis of all future economic schemes, but at present it would certainly be premature to foretell what definite economic system will be evolved and established by the Cause. The Bahá'ís, therefore, cannot claim to possess at present an economic order or system which they can officially associate with the Faith, nor should they now attempt to establish any such economic scheme, which would obviously be beyond their present-day capacity and resources.
As regards the objections raised against Bahá'u'lláh's law of Inheritance: even though a Bahá'í is permitted in his will to dispose of his wealth in the way he wishes, yet he is morally and conscientiously bound to always bear in mind, while writing his will, the necessity of his upholding the principle of Bahá'u'lláh regarding the social function of wealth, and the consequent necessity of avoiding its over-accumulation and concentration in a few individuals or groups of individuals. It is his duty as a loyal and responsible believer to make such provision in his will as would make it fully conform to the spirit if not actually to the exact provisions of the Aqdas regarding the division and distribution of inheritance....
No country can possibly solve its economic difficulties alone, for economic interdependence is an unescapable economic reality, a fact of economic life which can neither be ignored nor deliberately opposed.
The Teachings do not state what the exact relationship between Labour and Capital will be in the future. Neither do they indicate any directions regarding the payment of wages, or whether the wage system will be retained, modified or altogether abolished. They, however, explicitly uphold the institution of private ownership, but stress also the necessity of introducing certain fundamental changes in its methods and features.
1939-04-22 on behalf of Shoghi Effendi to an individual re some economic topics