Featured Post

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 ...

10/27/14

If we define economics as the study of maximizing the satisfaction gained from our limited resources we are headed for trouble. We can see that already. The world is in the midst of the crisis of climate change. We have been maximizing for over 200 years and we are now faced with extinction. This is not fanciful thinking. It is fact. We are close to destroying the viability of our survival on our once-beautiful planet.

If we define economics as the study of nurturing of our selves, each other and our resources we may have a chance of survival. We may, through peaceful, thoughtful and complementary means achieve a peaceful society of the future.

Gandhiji told us a long time ago that means and ends are always interchangeable terms. We have thus far used violent, greedy means but seem surprised that we have created a violent, greedy world. But

means = ends

so everything we see around us is a result of decisions made a long time ago. We have been taught to exploit resources, compete with our brothers and sisters and get ahead as if life were a race. These means have resulted in most of humanity being left behind. Suffering has increased rather than decreased over time.

If we are willing to think of economics as cooperation, as the nonviolent participation of all in society, as the powerful means and ends of sharing and above all love, then and only then can humanity survive and truly prosper.

No comments: