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Hindu Approach to Indian Economy: Global Challenges and Opportunities

 
Bharat Jhunjhunwala (Author)
Synopsis This book makes a path-breaking effort to build two bridges. The first bridge is between the Hindu tradition and modern economics. The author holds that the market system is consistent with the Hindu tradition. However, it should be actively controlled by the state in public good. People’s welfare will not be secured spontaneously by the market. Especiall7y, pro-active intervention is needed to generate employment and sacrifice economic growth to some extent in the process. The second bridge is between Hindu tradition and socialist politics. The socialist paradigm does not ensure that the socialist leadership will work in the interest of the people. The only motivation for it to do so would be spiritual growth. ‘Spiritualism’ must be understood as unity with all human beings at a deep level. The socialist leaders may work for social good only when this spiritual objective is placed before them. They can then sacrifice their personal material consumption for social good. The book calls for an end to this schism in the soul of India and builds a new vision that is Hindu, socialist and ,market-oriented at the same time.
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About the author

Bharat Jhunjhunwala

Bharat Jhunjhunwala was born in family having interests in sugar, paper and electronic industries. He acquired his Doctoral Degree in economics from University of Florida at the age of 23. He joined Institute of Management, Bangalore as an Assistant Professor. While teaching he lived in a slum for two years to understand the meaning of poverty directly. He organized the trade union at IIM during the Emergency. He has undertaken extensive studies of economic Thought of ancient India. His published books include Varna Vyavastha: Governance through Caste System, Welfare State and Globalization: A Critique of Amartya Sen and Governance and Human Rights (edited) and Indian approach to Women’s Empowerment. He writes on weekly column on Political economy which is published in about 40 papers in ten languages in India.

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Bibliographic information

Title Hindu Approach to Indian Economy: Global Challenges and Opportunities
Format Hardcover
Date published: 01.01.2005
Edition 1st ed.
Publisher Rawat Publications
Language: English
isbn 8170339510
length xvi+255p., Tables; References; Annexure; Index; 23cm