Gandhian Thought For A Capitalist World

Nov 07, 2021

In ‘Economist Gandhi’, author Jerry Rao places Mahatma Gandhi’s thoughts on business and wealth management within the tradition of economic philosophy (Adam Smith to George Akerlof and Richard Thaler). And he expounds on the Mahatma’s ideas, including the importance of trusteeship. The most powerful arguments in favour of modern market capitalism have been made in consequentialist terms. In other words, if something does not work well, then drop it. If something works efficiently, then pursue it.

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