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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 ...

12/12/10

Classical economics is based on self-interest. Krishnamurti said

Corruption is not just passing money under the table or smuggling goods into the country. Corruption begins where there is self-interest. Where there is self-interest, that is the origin of corruption.*

Classical economics, which is based on self-interest, is corruption.

* The Benediction is Where You Are: The Last Bombay Talks 1985. Chennai: Krishnamurti Foundation India, 2001, p 3.

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