Economics with Spiritualism and Ethical Businesses are Needed

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S Shyam Prasad
Professor, India

Economics with Spiritualism and Ethical Businesses are Needed

Many economists have forwarded different solutions to overcome the human sufferings and lead them to happiness, such as:
- Capitalism
- Socialism
- Communism
- Mixed economy
- Keynesian
just to name a few.
Yet till date the success seems to elude us:
- On one hand hunger, poverty, death due to starvation, unemployment, inflation and many such evils are prevalent in many parts of the world
- On the other we have over exploitation of earth's resources to the extent of taking us to the brink, with pollution etc. growing day by day.
In my opinion, economics with a large dose of spiritualism is the only solution. With 'spiritualism' I mean thinking beyond the just materialistic benefits.
Business people need to develop feelings of contentment, non-possessiveness and ethics.

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