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Glimpses of Economic Policies in Dharmasastras

The Hindu Vedic economics system is ideal because it favours no single class, social or civic group at the expense of the other such groups present i.e. it has no inherent bias. There is in fact an aspiration that everyone should be happy and prosperous

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Every Economic system by virtue of the economic doctrine on which it is based, tends to favour one social class or group at the expense of the other social classes or groups which coexist in a particular country, state or civilization. For instance, the capitalist system based on its doctrine of profit favours the class of investors; the socialist system based on its doctrine of an exploitationless economy favours the working class. The Islamic system which debars usury favours the borrowers.

In sharp contrast, the Hindu Vedic economics system is ideal because it favours no single class, social or civic group at the expense of the other such groups present i.e. it has no inherent bias. There is in fact an aspiration that everyone should be happy and prosperous

Author : Dr.Palakurthi Somanath; Publisher : Samskruti Foundation;  Paperback ; Pages : 128

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