Mohandas Karamchand
Gandhi (Mahatma Gandhi) (1869 –1948) – was the preeminent leader of Indian
independence movement.
Gandhiji’s views on
economics have usually been termed as utopian by many socio-economic thinkers.
This characterization
has tended to evoke two diametrically opposite reactions among policymakers and
the general population:
The majority respects
his views in so far as they are a reflection of his deep spirituality but tend
to be extremely skeptical about their applicability to the real world.
A small minority,
however, see in this utopian view the only alternative available to a poor
country to correct an economic situation distorted by a history of colonial
exploitation.
There is no such thing as the principles
of Economics of Gandhiji.
With Gandhiji economics is a part of a
way of life.
There are no governing principles as are
applied in the case of ordinary laws that have been enunciated in text books on
Economics.
Only two life principles govern all
Gandhiji's economic, social, political and other considerations: Truth and
Non-violence.
Used from Wikipedia and the papers of
D. M. Nachane and J. C. Kumarappa
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