Novel Ideas
In 1963, Batra met his mentor, P.R. Sarkar (1921–1990), also known as Shrii Shrii Anandamurti to disciples of the socio-spiritual movement Ananda Marga (Path of Bliss), and after establishing himself in his chosen field, he decided to branch out by contributing to his mentor's work. In 1978, he published a novel book The Downfall of Capitalism and Communism: A New Study of History, where he turned his gaze from theoretical economics to history. In the book Batra promoted the Social cycle theory of his spiritual mentor, Sarkar, based on an analysis of four distinct classes with different psychological preferences or endowments. At the same time, Batra has theorised that economic inequality affects economic performance and social change. He popularised the concept of the "share of wealth held by richest 1%", as an indicator of inequality and an important determinant of depressions.
Read more about this topic: Ravi Batra
Famous quotes containing the word ideas:
“One reason writers write is out of revenge. Life hurts; certain ideas and experiences hurt; one wants to clarify, to set out illuminations, to replay the old bad scenes and get the Treppenworte said—the words one didn’t have the strength or ripeness to say when those words were necessary for one’s dignity or survival.”
—Cynthia Ozick (b. 1928)
“Although all new ideas are born in France, they are not readily adopted there. It seems that they must first commence to prosper in a foreign country.”
—Sarah Bernhardt (1845–1923)