Category Archives: Socioeconomics

Dignified Socio-economies Both Closed and Open

By Trond Øverland

Keywords: Protectionism, free trade, national capitalism, Prout.

Whenever someone mentions "the economy", many of us actually think of "our society and its economy". It is hard for most people to separate "economy" from "society". We often hear about fluctuating interest rates, unemployment figures, retail prices, and stock exchange markets, but all the while we wonder how such …

Economic Indicators for Setting the Minimum and Maximum Wages

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,

The Right to Live!

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

100% Employment for Local People

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 …

Full Employment and Reduction of Working Hours

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 …

The Wealth Cap and Other Practical Proposals for Reducing Inequality

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 …

Trade for Regional Self-Reliance

Dr. Michael Towsey

“It is patent that in our days not alone is wealth accumulated, but immense power and despotic economic domination is concentrated in the hands of a few …. This power becomes particularly irresistible when exercised by those who, because they hold and control money, are able also to govern credit and determine its allotment, for that reason …