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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 ...

1/12/14

We were digging in our plot in the community garden for a few hours today to get a large root out. Now we can plant fava beans so that in the spring when we plant vegetables they will grow beautifully in the nitrogen-rich aerated soil. 

Working the soil is so satisfying! In the calculus of the economist, work takes away from utility, which in turn is seen as the measure of satisfaction. Manual labor in the garden, especially a community garden, not only creates utility for one but also for the entire community. More the work, more the satisfaction!

It occurs to me that economics only applies to modern industrial work which deadens the soul and wreaks havoc on the human psyche. If we all work in and with nature, in and with communities, in and with other people rather than with inert money-making institutions, we could work more and have more satisfaction. 

Gandhiji called this bread labor. It should be one of the pillars of a Gandhian economics.