On Wed, Jan 18, 2017 at 11:28 AM, Gurumurthy K <[email protected]>
wrote:

> dear Social Science teachers
>
> there is something seriously wrong with our Economic theory and practice
> today. In our text books we describe functioning of the economy ... with
> the aim of economic development and social justice/equity
>
> However in the last 2 1/2 decades (in India after the 1991 liberalisation,
> and globally after the Reagan/Thatcher ), we are seeing very increasing
> levels of inequality which is now reached very disturbing proportions ....
>
> see the following news links - the first says that 8 people earn more than
> the bottom billion people in the world ... clearly the current economic
> models are not working for most of humanity and certainly not for nature
> (climate change due to environment destruction).
>
> Gandhian economics (https://en.wikipedia.org/wiki/Mahatma_Gandhi#Gandhian_
> economics) is an important alternative to the current model of
> economics...  we should bring this into our Economics text books of classes
> 8-10.
>
> regards,
> Guru
>
> https://www.theguardian.com/commentisfree/2017/jan/16/eight-
> people-earn-more-billion-economics-broken
>
> http://timesofindia.indiatimes.com/business/india-business/i
> ndias-rising-income-inequality-richest-1-own-58-of-total-wea
> lth/articleshow/56586277.cms
>
> http://www.hindustantimes.com/india-news/india-s-richest-1-o
> wn-58-of-its-total-wealth-oxfam/story-CUT04Z1zCOdqWSFxbzV3FN.html
>
> http://www.thehindu.com/business/Economy/Richest-1-own-58-of
> -total-wealth-in-India-Oxfam/article17044486.ece
>
> http://economictimes.indiatimes.com/news/economy/indicators/
> richest-1-own-58-of-total-wealth-in-india-oxfam/articleshow/56585720.cms
>
> http://www.business-standard.com/article/economy-policy/time
> -to-end-tax-havens-richest-1-own-58-of-india-s-total-wealth-
> 117011600158_1.html
>
> http://www.livemint.com/Politics/E3n5ANHQL1ywMOdNxm6igK/Indi
> as-1-superrich-own-58-of-the-countrys-total-wealth.html
>
> https://www.theguardian.com/global-development/2017/jan/16/w
> orlds-eight-richest-people-have-same-wealth-as-poorest-50
>
> http://www.nytimes.com/aponline/2017/01/16/world/europe/ap-e
> u-davos-inequality.html?_r=0
>
>
> IT for Change, Bengaluru
> www.ITforChange.net
>
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