Economics Of Mahavira ► 08 ► [08.08] Parameters of the New Economic Policy - Principles of Global Economic Policy

Posted: 22.04.2006

Ericsson has suggested some principles for setting the present system right and for bringing about changes that can be very useful for world economic policy. His foremost principle is that anger, greed, hatred and infatuation should be reduced. This may appear to be a spiritualistic and sermonizing precept; it is not a small thing. In this principle lies the beginning of a big truth.

An economic system can never become balanced without balancing the emotions. If the lust for greed is powerful, no economic system become balanced, no matter what policies one follows. If feelings of hatred and inferiority complex are strong, no good economic policy can be effective.

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