Wednesday, October 2, 2013

Gandhian Economics, Universal Well-being, and Human Needs

by Miki Kashtan

As this entry is being posted, it’s Gandhi’s birthday. Given how much I have been influenced, even transformed, by learning from Gandhi about nonviolence, I wanted to write something to honor his legacy. Because I’ve recently started a mini-series on money, I decided to focus on a lesser known aspect of Gandhi’s work: his views about economics. 

At first sight, many of Gandhi’s basic economic thoughts seem entirely irrelevant to our very different time, culture, and context from the one in which he operated and wrote. For example, the idea of village cottage industry, which might have been feasible in early 20th century India, is very hard to imagine now as a primary way forward for industrialized economies. Delving into it a bit deeper, I see a number of convergences between his ideas and the direction that many are advocating today, such as simplicity, localism, and decentralization. Rather than an exhaustive introduction to Gandhian economics, which can be found through a search on the web, I chose, instead, to look more deeply at two core principles that resonate deeply with me and the path I am on with regards to thinking about money and the economy. This week, I am looking at the question of what constitutes universal well-being and how we approach the conundrum of attending to human needs. Next week I plan to look at Gandhi’s notion of trusteeship and connect it with current unfolding thoughts about the Commons.