Abstract: Libya lived a considerable period of recession, the economy nearly the last forty years has this period old Libya was suffering from poverty and hunger and were dependent adopt entirely on agriculture and animal husbandry , and this was before the discovery of oil a year before 1951, and then oil was discovered in Libya and began to export almost 1958 and Libya began in drawing three development plans, short-term and medium-term and long-term work on the development of individuals and their development and the provision of building good infrastructure , but this did not continue because of the power struggle has changed the system of government from a monarchy to a revolutionary system of military ruled the country for forty years and the direction of this military system to the application of the economic system Communist rule if the state is of finance fundamentals living members of the community worked to provide all dues basic life only from clothing, and housing , but this policy does not tend never to markets and encourage investment and did not even work on the teaching of students in universities