Gandhian Engagement with Capital: Perspectives of J C Kumarappa comprehensively presents the Gandhian ideas on economic development and political economy. Within this larger context, it focuses on the towering contributions of J C Kumarappa, the pioneer of the Gandhian model of economic development, and describes, from his standpoint, how the moral and political dispositions of Gandhism amount to a critique of capitalism. The book also covers in detail the major facets of Kumarappa’s contribution to Gandhism: developing a non-mechanized, non-capitalist model of industrialization; presenting the holistic development approach; reflecting on the role of the state in facilitating a village-centric economy; and exploring the role of religion in developing the moral foundation of the Gandhian political economy. These reflect the historical context of Kumarappa’s scholarship and his deep understanding of the various dimensions of Gandhian thought. The book highlights the debates within Gandhism and imparts a nuanced understanding of other Gandhian thinkers. Further, it presents several discourses in modern Indian political thought by analysing the interplay of narratives.

Locating the Problem: Money, Market and Machine

Locating the Problem: Money, market and machine

Kumarappa locates the root cause of inequality, poverty and unemployment in money economy and mechanized industrialism. He maintains that with the advent of colonialism in India, money economy entered this land and changed the socio-economic structure of the Indian society. It paved the way for mechanized industrialism. Kumarappa visualizes a symbiotic relation between money economy and imperialism. The advent of mechanized industrialism accentuates the growth of the money economy as well as imperialism. This he believes resulted in unemployment, poverty and acute disparity. The economic degeneration went hand in hand with moral degeneration of this society. As against Kumarappa's position, a prominent group of Gandhians held, ‘the main problem of human ...

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