GITANOMICS - Bhagavad Gita- Chapter 1- Arjun Visada Yog
The Bhagavad Gita provides timeless wisdom, not just in spirituality but also in practical life, including E conomics . The point in seeking guidance in times of doubt is absolutly profound. Often, in economic decision-making—whether personal finance, business, or policy-making—leaders and individuals face dilemmas. Consulting a trusted mentor, advisor, or even one’s own higher consciousness through reflection can lead to better choices. Individuals aim to maximize utility (satisfaction) or profit. They have perfect information and process it logically. They weigh costs and benefits before making decisions. While Adam Smith is often associated with self-interest driving economic prosperity ("invisible hand"), his earlier work, The Theory of Moral Sentiments , emphasizes ethical responsibility and the moral duties individuals owe to society. He acknowledged that markets func...