Holistic Science of Life and Living

Author(s): Vitrag Vignan Charitable Research Foundation
Publisher: Vitrag Vignan Charitable Research Foundation

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The Knowledge Wave:
With ushering of the third wave i.e. knowledge wave backed by Information and Communication Technology and Electronics, since last 30 years with an accelerating speed and coverage since 1990s, a paradigm shift is hovering around and various fundamentals of industrial civilization are being questioned. A quest for revisiting those fundamentals is becoming more intense and widespread with a revolutionary forum of internet and social media available almost free of cost to masses.
Religion /Human values in Economics:
With the development of the knowledge wave, the new generation in particular is challenging the role of human being in economy merely as a Production factor and searching for a role which is more fulfilling, satisfying and meaningful. The quest for revisiting the values of industrial civilization is likely to become further intense with the deep-rooted and recurrent Recession not responding well to the measures backed by the theories of modern economics.
The Questions being raised:
Why the Ethical values (aimed at overall long term welfare of society as a whole) described in all the Religions have found no place in the foundation of Economics Theories. There might be serious defects/bugs in the software of economy!
Why the human being should accept to be treated merely as a factor of production with no regards for his personality development to lead a fulfilling life enriched with a sense of satisfaction.
⚫ Why the human life be founded on the Darwinian Theory of "Survival of the Fittest" with indifferent and callous attitude towards poor and illiterate masses founding the Bottom of the Economic Pyramid.
Whether the efforts of diagnosing and treating with a specialized economics and monetary approach instead of a multi-disciplinary holistic approach will lead to an effective long term solution to the Recession in the economy and rising Depression? across the society.
25 | Holistic Science of Life & Living Vol. I May 2014