Whither Socialism: Quest for a Third Path

by K.K. Sinha, Priyam Krishna, Uma Sinha

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There has been an intense quest for some alternatives to replace capitalism and socialism which in India are borrowed systems from the West, and which are breaking down as a system for the poor. The real shortcoming of the systems is the complete lack of public morality and goodness that the rich in power, owe to the poor. Of late, a few economists started taking initiative in bringing spirituality as a necessary component of the system as its Indian face but this did not succeed due to dominance of the forces in power.It is felt that a continuing national and spiritual movement by the masses could give out a chaste indigenous system where the rich and the poor alike could work together for a honourable, prosperous and peaceful society. Some Gandhian norms of simplicity and austerity have to be worked out with Religion and Vedant as the greatest uniting forces. The book is an humble attempt towards this end.

ABOUT THE AUTHOR K.K. Sinha

Krishna Kishore Sinha did his MA in Economics in 1954 and PhD in 1964 (evaluated by Ursula Hicks of Oxford). He taught in College of Commerce, Patna, for forty years. He has worked as Dy Director of a project sponsored by the Planning Commission on Urbanisation and Growth, and as Director, Bihar Project on Status of Panchayats sponsored by ISS, Delhi, (1993-95). He received the International Authorship Award from the Cambridge Biographical Society in 1997 and was Emeritus Professor, UGC (1998-2000) and subsequently Senior Fellow, ICSSR, Delhi (2003-04). He has published in national and international journals.