Gandhian economics is a school of economic thought based on the spiritual and socio-economic principles expounded by Indian leader Mahatma Gandhi. It is largely characterised by rejection of the concept of the human being as a rational actor always seeking to maximize material self-interest that underlies classical economic thinking.
Gandhian economics is an approach to economics that draws on the spiritual and social principles espoused by Mahatma Gandhi. It diverges from traditional economics by rejecting the idea that people are primarily motivated by a desire for material wealth.