Ancient Bharat Case Study

Deendayal Ji spoke about his views on an ideal economic system in his 4th lecture delivered on 25th April 1965. It has been briefly discussed here.
Autonomous Institutions In Ancient Bharat: We must have such an economic system that helps in the development of our humane qualities or civilisation, and enables us to attain a still higher level of all round perfection. We should have a system which does not overwhelm our humane quality, which does not make us slaves of its own grinding wheels.
According to our concept, man attains God-like perfection as a result of development. Therefore, we have to devise such an economic system, to create such infrastructure and to frame such regulations, in which and by which, the inherent potentialities
Having satisfied the basic minimum requirements, the question naturally arises whether there should be more production for greater prosperity and happiness. Normally, desire precedes the effort to produce the things desired. But now the position is reverse. People are induced to desire and use the things that have been or are being produced. Instead of producing to meet the demand, the search is on for markets for the goods already produced. If the demand does not exist, systematic efforts are made to create demand. This has become the chief characteristic of the Western economic system. Earlier, production followed the demand; now demand follows the production. If whatever is manufactured is not consumed, there will be
The right to food is a birthright. The ability to earn is a result of education and training. In a society, even those who do not earn must have food. The children and the old, the diseased and the invalids, all must be cared for by society. Every society generally fulfils this responsibility. The social and cultural progress of mankind lies in its readiness to fulfil this responsibility. The economic system must provide for this responsibility. The economic system must provide for this task. Economics as a science does not account for this responsibility. A man works not for bread alone, but also to shoulder this responsibility. Otherwise, those who have had their meals would no longer work. Any economic system must provide for the minimum basic necessities of human life to everyone. Food, clothing and shelter constitute, broadly speaking, these basic necessities. Similarly, society must enable the individual to carry out his obligations to society by educating him properly. Lastly, in the event of an individual falling prey to any disease, society must arrange for his treatment and maintenance. If a government provides these minimum requirements, then only it is a rule of Dharma. Otherwise, it is a rule of