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PARAMETERS OF New ECONOMIC POLICY
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and macro-economics. In the early stages, the economic theory was based on micro-economics. Since Keynes propounded the theory of macro-economics, the econornic transformation become sharp and many countries were influenced by it. Macroeconomics envisages the establishment of large-scale industries and the maximisation of output. The production has to be organised on a mass scale since the hunger of a growing population needs to be satisfied. Nobody would argue that this objective is irrational. It aims at the removal of the sufferings of hungry and distressed population so that the people may be able to get food, clothes and houses, satisfying their primary needs. Without laying a network of industries, it is not possible to achieve all that, it is maintained.
Level of Awakening of Desires Presently, there is a great deal of preference for these two sets of economic policies. There is no such liking either for the Gandhian Economics nor for any alternative economic system. While the present emphasis is on these two systems, between these two the greater preference is on macro-economic-based policies. All that is wanted is that the country should increase its wealth so that all may become prosperous and the resources are utilised to the maximum extent. That is the preferred objective. It shows that the goal of the present society is determined at the level of senses. Accordingly, predilection for the desires demanding economic maximisation is natural. This is why these systems have effectively attracted the common man and the nations.
Faulty Economic System The question still remains — why is there a demand for a new economic system? There is always a cause for any demand. No demand arises without a motive. The answer to this question is also obvious. Violence has increased substantially. Stresses and strains have widened, mental turbulence has deepened and so has the danger to world peace. Man is thriving in a dangerous environment. Problems have multiplied in individual and family
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