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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 ...

12/8/10

If classical economics can be summarized as

C-M-C

where C = commodity, M = money,

and Marx's critique of classical economics as

M-C-M+

where M+ = enhanced money,

then Gandhian economics is

P-C-P+

where P = whole person, P+ = enhanced persons.

Work and trade amongst neighbors who are whole enhances people's lives.

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