A people's economy


A developed economy should consist of four parts – people’s economy, psycho-economy, commercial economy and general economy. This quadri-dimension of the economy is a vast expansion on the contemporary and co-contemporary conceptions of economic activity. Most economists today understand only a little of the principles of general economy and something of commercial economy, but both of these parts are still in an undeveloped stage. People’s economy and psycho-economy are totally overlooked by modern economists, and as such could find no place in the present mode of economic thinking.
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Shrii Prabhat R. Sarkar
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Last Updated September 8, 2007 5:14 PM

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