Hindu-economics is the theoretical manifestation of the blessings of Holy Vedas. Holy Vedas ordained mankind with abundance of goods. This is the Vedic ideal. Abundance was discussed by physiocrats and classical economists in 19th Century. Lord J. M. Keynes and Prof. J. K. Galbraith also touched this aspect of economic theory. Western economics cannot overcome the limitations of current economic theory. Hindu-economics, however, explores the paradigm of theory of abundance. It is a book of world history of economic thoughts as well as theories. Ancient India (BC) is neglected in the corpus of Western economics. References to market, price, interest, profit, and tax are discovered in Holy Vedas. Smruti s of Manu, Yajnavalka, Gautama, Apastambha,Shukracharya, etc are codified books on economics. Ancient India, therefore, has the evidences of being first using the lexicon: economics,first in books on economics, and first in definitions of economics in the world history. Hindu-economics heralds Hindu civilisati on for mankind. It fully metamorphoses all economic variables. The falsehood of Marxian economics and crisis of bourgeois economics leave Hindu economics as the only and correct solution of stagflation, poverty,tyranny of taxes, black money, etc. Hindu-economics subsumes Gandhi’s decentralisation, Deendayal’s holistic economy, Islam’s interest-free society and socialist ethos. We also move towards tax-less budget and an eternal economic order.
Prof. Paul Samuelson has described “kept men” of the capitalist political economy. Economists in Soviet Union are under police surveillance. There is no light for economic theory in West. Hindu-economics is the hope for happy mankind.