Modern economics is built on the three-fold model of production-distribution-consumption. First a society, it is asserted, must decide what to produce using available but scarce means. Next that society must decide how to distribute the fruits of all the effort that was put to producing things in step 1. Lastly, the society must consume the fruits of work in accordance with how those fruits are distributed, this consumption being the ends of economics.
Gandhiji said simply that
means = ends
so the whole three-fold edifice of modern economics collapses when we approach economics from Gandhiji's perspective.
Then there is no production-distribution-consumption but only right action.
As the Bhagavad Gita tells us, our work is to commit to right action in all aspects of our life without any attachment to the fruits of that action. We create by connecting with family, with neighbors, thereby creating a society. A real society is one where people's wealth is in the rich interconnections that they have developed with others through right action.
We don't commit to right action to create wellbeing in society:
right action = wellbeing
That would be separating means and ends. Instead we commit to right action simply because that is the right thing to do:
right action = right action
That is the essence of Gandhian economics.
Posted by Abhay Burjor Ghiara at 3/09/2016