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Theory of Economics in natural societies

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  • Krishna Gopal Misra

    (QUALITYMETER.COM)

Abstract

Conventional economics is unfortunately not wholistic. 'A whole is greater than sum of the parts'. Natural societies are charactistically whole and without duality ('you and me' approach). For example, river, ponds, jungle are whole, none claim to be owners and yet it belongs to every body. Wholistic living is about respecting natural resources without claiming rights. This is wholism. When people have separate wash rooms in stead of the rivers, and have a mechanism to pay for water, this is not wholism but caused by cruel division of the whole that gave rise to a need of private ownership. The dividing a whole reduces it to parts, and causes shortages. Shortages coupled with ownership problem require a body of knowlege to deal with peaceful distribution of a divided whole, and this mechanism of problem solving is 'economics'. The conventional economics based on demand supply is not so far attempted to bring pack parts into whole, but only the peace making in distribution.

Suggested Citation

  • Krishna Gopal Misra, 2005. "Theory of Economics in natural societies," General Economics and Teaching 0506004, EconWPA.
  • Handle: RePEc:wpa:wuwpgt:0506004
    Note: Type of Document - html; pages: 7. transformation of character of economics
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    Keywords

    natural economics;

    JEL classification:

    • A - General Economics and Teaching

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