Economic law

Expressions researched:
"economic law" |"in economics there is some law"

Srimad-Bhagavatam Lectures

In economics there is some law. So why the world becomes overburdened?

Lecture on SB 1.8.34 -- Los Angeles, April 26, 1973:

So there is bhūri-bhara, bhūri-bhara. It is said: bhārāvatāraṇāyānye bhuvo nāva ivodadhau. Bhuva, this world becomes overburdened. Overburdened. As soon it becomes overburdened, there must be a war, pestilence, famine, epidemic and finish. This is natural. Overburdened. Nature's law. This is called... In economics there is some law. So why the world becomes overburdened? The earth planet... Not only earth planet. There are many millions of other planets also. They are bearing big, big mountains, big, big oceans. Why it becomes overburdened?

Sri Brahma-samhita Lectures

Actually there is no scarcity, but it is the so-called economic law, man-made law, that creates scarcity. From God's side, there is no scarcity. Sufficient supply—more than what you need.

Lecture on Brahma-samhita, Lecture -- New York, July 28, 1971:

There is grain. By God's arrangement, sufficient grain. But I am a man. I have got some influence. I have got some money, and I go to the bank: "Sir, I want to purchase one hundred thousand, millions of dollars' worth of wheat. So I have got ten thousand dollars. Please give me loan." Bank gives him loan. He purchases. He stocks it somewhere. Nobody knows. The price is increased. There is scarcity. Actually there is no scarcity, but it is the so-called economic law, man-made law, that creates scarcity. From God's side, there is no scarcity. Sufficient supply—more than what you need. But how this man can be checked from this evil propensity, to gather money and stock unnecessarily? In India, in 1942, they created artificial famine by this process. Big men, they collected rice. The rice was selling at six rupees per mound. All of a sudden, within a week, it came to fifty rupees per mound. I have seen it. No rice was available in the market. People were hungry. They were purchasing. But the beauty is one American gentleman was present at that time. He remarked that "People are starving in this way. In our country, there would have been revolution." Yes. But the people of India are so trained that in spite of creating this artificial famine, they did not commit any theft, stealing others' property. They died peacefully. Of course, this is a single instance. But the thing is that problems are not created by God. They are created by us.