Budhist экономики Budhist Economics
Tyagi R.K., PhD (Management), MJMC (Gold Medalist), MBA;
Moskalev Yuriy, Ph.D. (Economics)
RGGI; www.rggi.edu.in, г. meerut E-mail: csractivist@yahoo.co.uk
The present paper in its first part discusses the models for production cost - the neoclassical and Marxist paradigms.
The authors argue that in economics the dialectic should be given a spiritual dimension as dialectical spiritualism acts on a far wider range of causal reality, that sets a new range of long economic waves, similar to Kondratieff cycles, yet based on the cultural interaction. For this the authors have discussed the Christianity and Vaishnavism in the light of contemporary economics. The paper outlines and discusses the working capital management in the light of contemporary economics for this the authors has discussed the neoclassical and Marxist models along with the modern management practices in the literature review part the authors has also forwarded the views of Vernadsky who suggests that the living and inanimate nature interact in the cause and effect dynamics of life, without living matter non-living matter is static in order to introduce the dialectical spiritualism in the later part of the chapter .For the ease of this transistion the combination of two school of thoughts where Marshall opines that ordinalists abandoned the search of102
quantitative measurement of the absolute values of marginal utility and Pareto in his theorem forwards that the criteria for happiness (pleasure utility) of different people can be summarized in some general happiness for all. Thus, the optimality of the value is not general profit maximization, but its maximization for each individual, within the possession of the optimal initial stock of wealth. In parallel to these the Indian ethos in management discourse ‘Parasparam bhavayantah shreyah param bhavapsyathah’ (by mutual cooperation, respect and fellow feeling, all of us enjoy the highest good both material and spiritual).
This starts with the exploration of one’s own self or identifying the innateness (Swatva : what one really want to be), the Indian ethos in management discusses it as- ‘Atmana Vindyate Viryam’ (strength and inspiration for excelling in work comes from the Divine, God within, through prayer, spiritual readings and unselfish work)when one identify his innateness and establish a dialogue with it, it enables him to become Self-organized i.e. he attains harmony in himself (Swatantrata : Self-organised : Being in harmony with oneself) ,when he start living with this harmony, it starts expressing itself through harmonious behaviour and work, and it naturally extends to his surrounding ( Swarajya : Self-expression or Self-extension : Living in harmony with others and thus participation in harmony in the whole existence ) ,the Indian ethos in management forward these as - ‘ Archet dana manabhyam( Worship people not only with material things but also by showing respect to their enterprising divinity within); ‘Yogah karmashu Kaushalam, Samatvam yoga uchyate’ ( He who works with calm and even mind achieves the most); ‘ Yadishi bhavana yasya siddhi bhavati tadrishi’ (As we think, so we succeed, so we become. Attention to means ensures the end); ‘Tesham sukhm tesham shanti shaswati’ (Infinite happiness and infinite peace come to them who see the Divine in all beings).For this predominantly one should discern what really is conducive to human happiness, i.e., happiness for one and for all and happiness at all times (Tyagi 2009). The paper concludes that it is in the light of both immediate experience and long term prospects that the study of Vaishnavist economics could be recommended even to those who believe that economic growth is more important than any spiritual or religious values. For it is not a question of choosing between modern growth and traditional stagnation. It is a question of finding the right (sustainable) path of development, the middle way between materialist heedlessness and traditionalist immobility, in short, of finding ‘Right Livelihood ’for the welfare of all.KEYWORDS: production cost, long waves, spiritual dialectics, Buddhist economics.