A hyperlocal economic plan
Hindustan TimesGandhi argued for an India of household production for local consumption. Their criticism of classical economics was built on moral concerns rather than economic logic, with an added dollop of aristocratic paternalism, in sharp contrast to their contemporary Karl Marx, who both welcomed the industrial age as well as tried to explain why capitalism would die an inevitable death. Gandhian economic beliefs should, thus, not be seen as a practical programme for a country such as India, but as a broader set of ethical concerns that may inform choices in a world threatened by issues such as climate change. A Plea for a Village Centred Economic Order, Economy of Permanence and Gandhian Economic Thought, Kumarappa tried to build an intellectual framework for an alternative economics based on ahimsa. A scholar of macroeconomics, political economy and economic history, and former Executive Editor of Mint, Niranjan Rajyadhaksha writes on the influence of Gandhi’s views on economy
History of this topic
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