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figure, a self-imposed ceiling on personal consumption, and every thing else became clear. It solved the problem of what, how and for whom. It corrected the bias in the weighting diagram, which was the material possession in the capitalist system and nearness to power in the command economy. The economic development became sustainable, harmonizing the interest of present and future generations and more equitable.
It is time when we revisit the Mahaveer. But before conclude, let me say, Mahaveer was not the first economist. Much before him, Lord Rishabh, brought into focus the ideas and objects. He taught the art of cultivation, of governance, of learning, of innovation and limitation. But he did not seek any "economic rent". He brought them into the domain of society, which improved endowments of every one. Mahaveer, also by linking individuals inter temporally and the self imposed restrain on personal consumption corrected the materialistic bias in the production and exchange mechanism. He shifted accumulation to the public domain. His approach, therefore, visualized sustained growth, more equitable growth and a new economics based on values. This was contemporary and continues to be relevant today.
Paper presented in National Seminar on "Acharya Mahapajna Ka Sahitya Evam Chintan" (10-12 May, 2001)
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