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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 ...


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.