Article Category: OTHERS
Published Online: Dec 31, 2023
Page range: 708 - 714
Received: Sep 01, 2023
Accepted: Nov 01, 2023
DOI: https://doi.org/10.2478/ers-2023-0043
Keywords
© 2023 Babloo Jakhar et al., published by Sciendo
This work is licensed under the Creative Commons Attribution 4.0 International License.
Subject and purpose of work
This short paper deals with Sanatan Economics and explains its importance and why Sanatan Economics should be studied.
Materials and methods
The work is based on the principles of Sanatan Dharma. The content is based on the Sanatan Scriptures, available literature, and the authors’ understanding of Sanatan Economics.
Results
Sanatan economics (in a narrow sense, it may be called Hindu Economics) deals with ethical principles, self-sufficiency, balanced economic growth, and responsible use of resources while considering the broader societal and moral context of economic activities. It should be used for the betterment of human life and positive societal change in terms of economic order, because sustainability, balanced economic growth, value-based economic decisions, vocals for local, self-sufficiency, and moral and ethical decisions are the needs of the present economic order.
Conclusions
The study of Sanatan Economics enlightens the path for the betterment of societal economic change.