Relevance of Gandhi's views on Economic Development
By
Gulabhai Jani
Translated
into English by Alaka Sharma
The
world economic order is in “crisis mode”. Well-known companies and banks of USA
are declaring themselves as bankrupt, one by one. It is feared that the economy
may slide down to the days of “Great Depression”. In this context, it is
worthwhile to have a look at the economic thoughts of M. K. Gandhi.
Gandhiji’s
economic thought is imbibed in his overall philosophy. His approach is holistic
and aims at the socio-economic reconstruction of society. Once, Gandhiji was asked
to write down the text of his economic thought, he refused, saying that his
framework is based on some basic principles which he applies to solve the day
to day practical problems. So it can’t be summarized in a few equations.
