Gandhi Journal Article-III (October 2015) : Economic impact of Gandhi's models

Gandhi Journal Article-III (October 2015) : 

Economic impact of Gandhi's models

By Prajakta Desai & Sunil Sonawane 

Gandhi had an innate sympathy for the poor and deprived. This coupled with a direct observation of the predicament of the poor and the oppressed both in India and in South Africa led him to design an economic model that would alleviate the condition of the poor and the deprived. Gandhi believed that the high capitalist endeavors were at the root of all suffering. He believed that business without ethical considerations was fundamentally evil. This led to discrimination, oppression and exploitation. Gandhi also held that there is enough in this world to feed and clothe all. However, there is poverty and deprivation because one group of people thrives on the labor put in by others. Gandhi strongly believed in the ethics of hard work and that one is entitled to take from the system only as much as he is capable of producing. This according to Gandhi, was the only way to fight poverty.

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Gandhi Journal Article-II: Gandhian Economics : The need of the times

Gandhian Economics : The need of the times

By Dr. Sameer G. Thakur
 

Mahatma Gandhi's views on Economics have been largely ignored by mainstream economists and leaders, even in India. This paper tries to show that the neglect of Gandhian Economics has led to the major problems facing the global economy today.

Many of the problems facing India would be reduced, if not resolved if ethics was considered as an inseparable part of Economics. This is what Gandhi believed and events seem to be proving him right.
 

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Gandhi Journal Article-III: Gandhian Economic order in the New Millennium

Gandhian Economic Order in the New Millennium

By By Prof. G. S. Shikhare

The Gandhian Economic Order is based on simplicity, decentralization, self-sufficiency, cooperation, equality, non-violence, human values, self-sufficient village units, and nationalisation of basic industries, Swadeshi and the theory of trusteeship. These, in turn, will solve the problems pertaining to labour, capital, production, distribution and profit etc. Since 1991, we are following market-oriented free economic system but the old problems are yet to be solved and higher growth remains to be achieved and hence there is an urgent need to find out some other alternative solution to present economic problems. “Various economists like Gunnar Myrdal and others are of the opinion that socio-economic problems of India and other developing countries can be solved to a great extent by following Gandhi's guidelines.

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Gandhi Journal Article - I

The relevance of Gandhian Economics to Modern India

By Krishnan Nandela

The economic philosophy of Gandhi is written about, discussed and talked about. However, when it comes to implementation, it is criticized for being impractical and imaginary. For instance, the concept of trusteeship as enunciated by Gandhi demands non-possession. It seeks individual to dispossess his wealth and income beyond his requirements so that the economic welfare of the less capable is realized. The principle of non-possession and trusteeship is not realized practically because individuals are immensely attached to their wealth in the ordinary course of life. Gandhi and even later day Gandhians have not been able to find the root cause of attachment to wealth and its accumulation overtime.

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