Economists have long wrestled with the question of how to achieve the most efficient output and distribution, in a way that is also equitable and fair. However, economic efficiency and fairness have generally been regarded as two separate issues. Many have argued that economists should not even consider equity at all.
“PROUT ensures an adequate “living wage” for every worker, …
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These days, a person who possesses wealth is respected and revered whereas a person without money is a person honored by none… Bereft of everything, people toil ‘round the clock to earn a mere pittance… The railway stations and market places are full of half-clad beggars and lepers desperately stretching out their begging bowls… The poor live in shantytowns, barely
Despite nearly three decades of US economic growth, real wages and purchasing capacity of the population have been falling. The US mini- mum wage, when adjusted for inflation and calculated in 2009 dollars, has fallen from a peak of US$10 per hour in 1969 to less than US$7 in 2010.8 The average American employee works harder and longer for less. Constant …
P.R. Sarkar
(31. December 1984) – There should be 100% employment for the local people. The basic right of all people is to be guaranteed the minimum essentials for their existence, including at least proper food, clothing, housing, education and medical care. This basic right should be arranged through cent per cent guaranteed employment, not through welfare or dole-outs. Unemployment …
In 1958, while addressing a wide range of social and economic issues prior to the formulation of PROUT, P.R. Sarkar commented that work hours should be shared and that it is impossible to effect such sharing under capitalism due to its domineering profit-motivation:
“The use of advanced scientific technology means rapid mechanization. Conservative people vociferously criticize this mechanization. Actually, such …
[2011] – The euro crisis exhibits the fatal state the EU and capitalism is in at the moment. When the euro falls, we expect the entire union to go with it. What people and countries need is rational mergers, not profit-motivated ones.
The chief reason for the colossal debts of many EU member states and the imminent breakdown of the common …
Ac. Krsnasevananda Avt.
Inequality is the issue of the day – the real cause behind the prolonged recession and a major contributing factor in social, environmental and ethical issues affecting societies all over the world. It is finally dawning upon the public (and even upon some economists) that if you keep increasing production capacity (by making people work longer for …
What is the prime motivation of proutistic economy?
In order to guarantee the minimum requirements of all and to keep economic life free from stagnancy, the economy should be consumption-motivated and not profit-motivated. Physical wealth is in limited supply. There is enough for everyone’s needs but not for even a single persons’ greed. Since physical wealth is limited, it cannot …
P.R. Sarkar
In nearly all countries of the world economically privileged or advanced groups are mercilessly exploiting other economically backward groups and sucking their vitality, gagging their voice and closing all the doors of their future progress. To overcome this tyranny and exploitation, movements will have to be launched for those suppressed people so that they can stride boldly forward, …
P.R. Sarkar
While forming socio-economic units, several factors should be considered. These include same economic problems; uniform economic potentialities; ethnic similarities; the sentimental legacy of the people; and similar geographical features.
1. “Same economic problems” refers to the common economic problems confronting people in a particular unit and may include the lack of markets for locally produced goods, surplus or …