Economic Philosophy of Mahatma Gandhi and Vivekananda
Gandhian Economics is a school of economic thought based on the socio-economic principles expounded by the Father of India, Mohandas Gandhi, largely characterised by its affinity to the principles and objectives of nonviolent humanistic socialism. Gandhi's economic ideas also aim to promote spiritual development and harmony with a rejection of materialism. The importance of Gandhiji‟s thoughts and approach lies in his practical approach to human life, respective problems and to the economics for mankind. He draws heavily from the ancient philosophy of India and wants to construct a happy society based on human values such as truth, non-violence, simplicity, etc. The world has seen that socialism and thereafter capitalism have failed to keep the mankind felicitous. Therefore, Gandhi, sets the goal of Anand (bliss), where everyone will be happy, in place of welfare. His economic philosophy cannot be understood anyway in isolation.