Economics Of Mahavira ► 08 ► [08.16] Parameters of the New Economic Policy - Material Is not the Protection

Posted: 30.04.2006

Ericson suggested a principle which I regard as a translation of the principle of Mahavira, and that is in the new economic policy, a feeling should be generated that material possessions are not our defence. None of the materials is a means of defence for us.

In practice, it could pose to be our protection but basically no material can be ultimate protection. In the same context, Erictron observed: That material is no defence this feeling should be developed. When the feeling of non-protection is developed, a basic change will take place. Our capacity to control emotions would increase. With this, the worldwide policy based on national ego and the concept of national sovereignty would diminish and a balance would emerge.

Richard Ericson, a U.S. citizen, born in Mexico in 1949, has lived in the United States since 1951. He graduated from Georgetown University School of Foreign Service in 1971, received an MIA Degree from the Columbia University School of International Affairs in 1974, and a Ph.D. in economics from the University of California, Berkeley, in 1979. He has served as Associate Director (1991) and Director (1992-1995) of the Harriman Institute, and is currently a Professor in the Economics Department and the Harriman Institute at Columbia University, and a member of the International Advisory Board of EERC, Russia. Professor Ericson is married with three children, and lives in Stamford, Connecticut.

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