Economics
Gandhi espoused an economic theory of simple living and self-sufficiency/import substitution, rather than generating exports like Japan and South Korea did. He envisioned a more agrarian India upon independence that would focus on meeting the material needs of its citizenry prior to generating wealth and industrializing.
Read more about this topic: Gandhism
Famous quotes containing the word economics:
“I am not prepared to accept the economics of a housewife.”
—Jacques Chirac (b. 1932)
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—Anonymous.
An axiom from economics popular in the 1960s, the words have no known source, though have been dated to the 1840s, when they were used in saloons where snacks were offered to customers. Ascribed to an Italian immigrant outside Grand Central Station, New York, in Alistair Cooke’s America (epilogue, 1973)