Open AccessRelevance of trusteeship model in modern business world
Author(s) -
N Karunakaran,
B. Sajith Kumar
Publication year - 2022
Publication title -
journal of management research and analysis
Language(s) - English
Resource type - Journals
eISSN - 2394-2770
pISSN - 2394-2762
DOI - 10.18231/j.jmra.2022.008
Subject(s) - backwardness , poverty , capitalism , spirituality , relevance (law) , economic freedom , development economics , economics , welfare , sociology , political economy , political science , neoclassical economics , economic growth , market economy , law , medicine , alternative medicine , pathology , politics
The background of Gandhian economy is very strong. Gandhi was fighting against extreme poverty, backwardness and socio-economic challenges as a part of the freedom movement. While the world has progressed manifold over the past century, the past few decades has forced to pursue that progress, mostly in terms of economic growth. The poster word for development, capitalism, has been busy in most countries. Trusteeship is a unique concept advocated by Gandhi to establish social and economic equality. It is a concept that has its origins in spirituality, in which a person voluntarily surrenders his surplus wealth, and entrusts it for the welfare of the poor section of the society.