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I = S - M

The modern way of thinking about economics has been I = M - S Where I is the I as in me, M is what is 'mine' and S is what ...

10/30/10

I have been reading the works of Gandhiji for many years now. Recently I decided to undertake a reading of the chronological Collected Works of Mahatma Gandhi in 98 volumes. I have just completed volume 1. I was delighted to find Gandhiji's economics to be very clear and focused on the dignity and wholeness of the person even in these early years of writing.

In discussing the treatment of indentured servants and equally applicable to our own so-called illegal immigrants Gandhiji writes
A man is brought here, in theory with his own consent, in practice very often without his consent, he gives the best five years of his life, he forms new ties, forgets the old ones, perhaps establishes a home here, and he cannot, according to my view of right and wrong, be sent back.
What a wonderful statement of an economics that is at once moral, historical, and holistic!

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