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There is only one goal. That is to be whole again.

There is only one goal. That is to be whole again. How human beings live and work determines whether they remain whole or are split. ...

12/15/13

Gandhiji introduced his concept of swadeshi after much careful thought and meditation upon the matter. It may be recalled that he immediately demonstrated its effectiveness as a principle by applying it to three seemingly separate spheres: language, religion, and economics.

The same idea, the same principle, if it is to be a good one should be applicable to all spheres of thought and life. In that sense a good Gandhian economics is not separate from Gandhian philosophy or Gandhian living.

12/8/13

saving = investment

Another key identity in economics is that between saving and investment:

saving = investment

Once again economics as the world knows it interprets this very narrowly to mean what I put away in terms of money is exactly what is available for the creation of capital. I put away $100 in saving in my bank and $100 is made available for some entrepreneur who can now borrow that money to buy some capital, perhaps a machine. But once again we are only focusing on one tiny aspect of the equation, that of quantity

If we acknowledge the equation

saving = investment

in its holistic sense then it must mean primarily that the character of the saving equals the character of the investment; that the nature of the saving equals the nature of the investment; that the purity of the saving equals the purity of the investment; and the multi-generational effects of the saving equals the multi-generational effects of the investment.

Furthermore, our key principle of Gandhian economics teaches us that means and ends are convertible terms. Thus the qualitative attributes of the investment undertaken must be equal to those of the saving! If we are truly awake to the fulness of the meaning of these terms we would not mess around with them so freely and take careful steps into this territory.

We would look at not just how much we save but at how we save. Hoarding out of fear, out of a desire for profiting at the expense of our neighbor is not a positive form of saving and in its investment will cause nothing short of grief. On the other hand saving our seed, our precious culture and its related work implements, our books and knowledge, our live capital, lovingly, without fear will undoubtedly create a beautiful investment.

If our world looks so dark, if in the midst of our financial prosperity the outlook for our future and our children's future is so grim it must be because we have misunderstood the basic equality between saving and investment.

I hold that to be a crime against wisdom. 

12/1/13

There is only one principle

There is only one principle: means and ends are reversible terms. Once a person understands this, meditates upon it daily, and becomes it, no more study of so-called economics is necessary.

There are identities in economics that have been only partially recognized. Due to this these have become half-truths and insofar as they contain some seed of truth and much falsehood are far more dangerous than out and out falsehoods that may be clearly seen for what they are.

One fundamental equation in economics is the following:

spending = income

Modern economics has caused great harm to the world by interpreting this identity very narrowly to mean that the quantity of spending measured equals the quantity of income measured. While this is true, it is a trivial truth. However much I spend ends up as income for whoever receives it. That is not actually very interesting as a description of life. I would like to remind the reader that spending = income actually means a lot more than that. For instance, the quality of the spending equals the quality of the income. How I spend equals how I receive! That is much more significant for how we live our lives than how much we spend or receive.

Now reverse that. How I earn equals how I spend. Can it be that this meaningless mass spending of billions of dollars over this weekend called Thanksgiving in the United States reflects the fact that the people spending that money recklessly on shoddy goods made overseas using underpaid labor (often children) working in unsafe unhygienic conditions are themselves working and earning at meaningless occupations that have little to do with their values and those of the earth?