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The Web of FreedomJ.C. Kumarappa and Gandhi's Struggle for Economic Justice.$
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Venu Madhav Govindu and Deepak Malghan

Print publication date: 2016

Print ISBN-13: 9780199460816

Published to Oxford Scholarship Online: September 2016

DOI: 10.1093/acprof:oso/9780199460816.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 02 April 2020

A New Deal

A New Deal

Chapter:
(p.96) 8 A New Deal
Source:
The Web of Freedom
Author(s):

Venu Madhav Govindu

Deepak Malghan

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199460816.003.0008

This chapter is devoted to explaining the manner in which Kumarappa translated his philosophical arguments into an analysis of everyday problems. An interpretative exposition on Kumarappa’s theory of decentralization is presented along with his understanding of many important sociological and economic issues. The chapter highlights Kumarappa’s theory of decentralization, his analysis of large-scale industrialization and mass production, machinery and industrial efficiency, role of money and economic value. The chapter also considers Kumarappa’s ingenious philosophy of work and his understanding of the moral basis of swadeshi.

Keywords:   Theory of economic decentralization, industrialization and mass production, social and moral implications of mass production, Say’s Law, machinery and industrial efficiency, role of money, economic value, use versus exchange value, philosophy of work, moral basis of swadeshi, producer–consumer relationship, democracy, caste

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