What is Divine Economics?

Answer 1

Divine Economics is the study of economics and religion in each other's perspective using scientific process. It is based on beliefs that are common in divine religions (Islam, Judaism and Christianity. The first formal model was developed by Prof. Dr. Syed Nisar Hussain Hamdani who is a Professor of Economics and Director Institute of Economics at University of AJ&K. The detailed framework includes theoretical model, econometeric model, empirical model, religiosity and spirituality scales, above 100 propositions out of which about 10% have been empirically tested and some research works including 27 dissertations, above 07 articles published in economics journals, above 10 papers presented in international and national conferences. The Divine Economics is yet in the stage of development and according to its pioneer (Dr Hamdani), it is a process involving multidisciplinary scholars for decades to develop the Divine Economics.