There are three types of Economic Schools!

ibnanv

Well-known member
  • Jun 27, 2009
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    This is not thought in any school.



    1. Supply side economics - Austrian School of Economic (Uses Gold Standard), Free Market . Rich get richer . Interest based. People will not lose wealth.Poor will be poor.



    2. Demand side Economics - Keynesian School (Uses worthless Fiat Money) Free Market with Speculation and Manipulation. Rich get Richer interest based.People can lose wealth. Poor get into extreme poverty.



    3. Distribution side Economics - Islamic Economic System. (Uses Commodity standard. Gold(Dinar Coins) Silver(Dhirham Coins) , Copper(Fulus Coins), Salt, Barley, Wheat, Dates, etc). 100% Free Market no Manipulation or Speculation. Less likely to be poor in the long run. Interest Free. People will not lose wealth.
     
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