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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 ...


Symbols are important. Symbols are inherent in any world view.

In the world view of modern economics the symbol deeply inherent is that of self interest. That mankind is slave to, indeed is driven by, the need to satisfy its self interest.

Gandhian economics has a very different symbol inherent in it. That symbol is love. Mankind is capable of love. Love at the level of love for another, love for family, love for society, love for everyone and everything in our world.

The thing is self interest is very easily accessible. If I do not live a life of meditated action, of deep and consistent contemplation, I know that I myself fall into a very self interested state. It is a very small minded, a very small hearted state.

When I work hard to be more mindful of my life, of others, of mother earth herself, I find myself capable of love. Sometimes I am so overflowing with love I want to hug everyone around me. In my hardest moments, in my trials, I find gratitude towards God, that which is infinite love.

So we could say that Gandhian economics is economics as if love matters.