A PROSPEROUS SOCIETY

1.       A PROSPEROUS SOCIETY

 

Economic questions need to be extended beyond those of employment and income and our economics is required to address the whole gamut of economic activities starting from existing resources to finally consumed ones and in between them there are issues related to dignity , freedom, equity justice, security, social status and social evaluation, social cohesion and interdependence, satisfaction and happiness . We talk in terms of GDP and GNP, Per Capita income and Per Capita  Consumption but these mean value data often obscure the hardships that exist with covered inequality. So we need to talk in absolute terms for each and every individual. Unless our economics does not address each and every individual and his/her present and future that economics will be unreal, delusional and deceptive.

      Our economic system should have capacity to adjust every one as a producer and as a consumer and too to the level of potential of that individual. Everyone should be given opportunity to grow into a balanced and skilled person irrespective of that individual's socho economic background. And such a grown up individual should have chance to be utilized as an economic person playing the role of producer and consumer both.

      In doing so issues  mentioned above like those of dignity, freedom, equity, justice, security, social status and social evaluation, social cohesion and interdependence, satisfaction and happiness of every individual must be taken care of. When prosperity deals with these issues and when prosperity transcends individuals to cover the larger society the economic system finds it's relevance. A prosperous society is rich when every members are prosperous  without any discrimination.

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