Contemporary lessons in Economic Philosophy drawn from two recent Indian Films
The aim of this paper is to derive some important lessons in economic philosophy from two recent Indian films. The two films, Mani Ratnamâ€™s Guru (2007) and Madhur Bhandarkarâ€™s Corporate (2006), are explicitly about the world of business and the people who inhabit it. The former film is not only a history lesson about the political and economic environment in India during the first 40 years after Indiaâ€™s independence, but is also a celebration of Adam Smithâ€™s philosophy and, in general, capitalism and the entrepreneurial spirit. At the same time, it brings to the fore the possibly misguided economic policies adopted by India during the first few decades after independence. â€œCorporateâ€, on the other hand, complements â€œGuruâ€, in the sense that it highlights the consequences borne by powerless individuals when corporations have profit as their sole aim and are willing to achieve them by hook or by crook. Also, highlighted in â€œCorporateâ€ is how disastrous events can occur when politics and big business collude to undermine the interests of the working class. [W.P. No. 2009-04-02]
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- Friedman, Milton, 2002. "Capitalism and Freedom," University of Chicago Press Economics Books, University of Chicago Press, number 9780226264202.
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