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:
“My ideas are a curse.
They spring from a radical discontent
with the awful order of things.
I play clown. I play carpenter. I play nurse.
I play witch.”
—Anne Sexton (1928–1974)
“New ideas come into this world somewhat like falling meteors, with a flash and an explosion, and perhaps somebody’s castle-roof perforated.”
—Henry David Thoreau (1817–1862)