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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 ...

12/22/10

Karl Marx made an important observation: Human beings are different from other so-called factors of production. As workers, humans are paid less than what they contribute to production. There lies the source of surplus value.

Gandhian economics also sees human beings as unique. They are capable of consciousness. It is this capacity for consciousness that makes humans able to vary their level of what I call dignity value. So while everything in the world has its inherent dignity value, humans have the capacity to actually increase their dignity value.

This puts a great responsibility upon our shoulders as humans. We must accept what the Gandhian economist E. F. Schumacher called the 'vertical dimension.' We must allow ourselves to grow as people, grow in consciousness.

Modern life, based as it is upon self-interest and mass-production with a simultaneous rejection of spirituality, just does not allow for such growth. The spirit weakens, then withers.

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