Vedic Economics

Free Market Economics vs. Capitalism

Free market economics is about competition between businesses, and it operates under the assumptions of a closed system in which wealth can be redistributed, but the total wealth must remain constant. Capitalism is the contrary idea that the economy is an open system in which wealth can be infused, in order to create a net growth for the economy. The wealth...

The Varna System of Social Organization

Several of my previous posts articulated the conceptual basis of an economic system different than the one that presently exists. These foundations include: (1) the real economic value lies in the objective properties of matter rather than in its human perception, and an economic system, when organized around this objective value, tends towards stability, (2) the problems in the current economic...