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:
“For later in the vast gloom of cities, only there you learn
How the ideas were good only because they had to die,
Leaving you alone and skinless, a drawing by Vesalius.”
—John Ashbery (b. 1927)
“There are but few who have ideas and are, at the same time, capable of action. Ideas enlarge but stymie, action enlivens but confines.”
—Johann Wolfgang Von Goethe (1749–1832)