Economy

Expressions researched:
"economy"

SB Canto 1

SB 1.13.29, Purport:

Mahārāja Dhṛtarāṣṭra was tightly bound in a network of material affinities related to politics, economy and family attachment, and he did everything in his power to achieve so-called success in his planned projects, but he was frustrated from the beginning to the end so far as his material activities were concerned. And yet, despite his life of failure, he achieved the greatest of all success in self-realization by the forceful instructions of a pure devotee of the Lord, who is the typical emblem of a sādhu. The scriptures enjoin, therefore, that one should associate with sādhus only, rejecting all other kinds of association, and by doing so one will have ample opportunity to hear the sādhus, who can cut to pieces the bonds of illusory affection in the material world.

SB 1.17.39, Purport:

According to Śrīmad-Bhāgavatam, gold encourages falsity, intoxication, prostitution, envy and enmity. Even a gold-standard exchange and currency is bad. Gold-standard currency is based on falsehood because the currency is not on a par with the reserved gold. The basic principle is falsity because currency notes are issued in value beyond that of the actual reserved gold. This artificial inflation of currency by the authorities encourages prostitution of the state economy. The price of commodities becomes artificially inflated because of bad money, or artificial currency notes. Bad money drives away good money. Instead of paper currency, actual gold coins should be used for exchange, and this will stop prostitution of gold.

Krsna, The Supreme Personality of Godhead

Krsna Book 24:

In this statement, Lord Kṛṣṇa practically described the whole economy of the vaiśya community. In all communities in human society—including the brāhmaṇas, kṣatriyas, vaiśyas, śūdras, caṇḍālas, etc.—and in the animal kingdom—including the cows, dogs, goats, etc.—everyone has his part to play. Each is to work in cooperation for the total benefit of all society, which includes not only animate objects but also inanimate objects like hills and land. The vaiśya community is specifically responsible for the economic improvement of the society by producing grain, by giving protection to the cows, by transporting food when needed, and by banking and finance.

Bhagavad-gita As It Is Lectures

Lecture on BG 2.48-49 -- New York, April 1, 1966:

So people have become so averse to the sense of God. How they can be happy? At least from the Bhagavad-gītā we find it clearly they cannot be happy. However they make progress in material advancement of science and economy and everything, oh, they cannot be happy. They cannot be happy. The whole thing is the wrong process. Here is the process recommended in the Bhagavad-gītā, that yoga-sthaḥ kuru karmāṇi. Yoga-sthaḥ kuru karmāṇi. Unless you work. No work is condemned. Whatever you do, that doesn't matter. But if that work is done on behalf of the Supreme Lord, that makes you purified. That makes you happy.

Srimad-Bhagavatam Lectures

Lecture on SB 1.8.40 -- Mayapura, October 20, 1974:

So this is very good economy also. If you... If you have got metal utensils, if you are in need of money, you can get immediately in exchange some money. There are pawn shops. So they will keep anything, a gold Banarsi sari, or metal utensils or ornaments, if you are need of... Village bankers. Immediately. Poor man... Suppose if you require five rupees, ten rupees. You haven't got, but what..., how to get the money? You take something from your household paraphernalia and go to the pawn-maker. You get money. You are now relieved from the present anxiety. Then again you get back. But what is this china, clay, the china pots and this plastic pot will bring? No, nothing. From economic point of view, this is also very good. So depend on nature.

Lecture on SB 3.26.2 -- Bombay, December 14, 1974:

People are not interested now producing food grains. They, somehow or other, if they can get that paper currency, they can purchase. Therefore everyone has got this printed paper. The value is increasing. Competition. I can pay two rupees kilo. The other says, "No, I can pay three rupees." What is this rupees? This paper. You, somehow or other you gather this paper, and there will be competition and the price will increase. This is the economy. Because they have got false money, therefore there is false increment of price. Bad money. Gresham's theory: "Bad money drives away good money." As soon as there is bad money, this paper currency, the coin, gold coins and silver coins, they are finished, they are no more.

Nectar of Devotion Lectures

The Nectar of Devotion -- Vrndavana, November 1, 1972:

Generally religious system is taken for improving social and economic condition. Artha. Artha means economy. Artha is required for sense gratification. We require economic development for our sense gratification. And when one is completely satisfied, then he can cultivate about spiritual realization, mokṣa, āpavarga.

Arrival Addresses and Talks

Srila Prabhupada Welcomed by Governor at Hotel De Ville -- Geneva, May 30, 1974:

Guru-gaurāṅga: Monsieur le President would like to know, if this movement gets bigger and bigger, won't it create problems in terms of working, the economy? Won't the economy suffer if our movement gets bigger and bigger?

Prabhupāda: No. Economy will not suffer, but economy will be simplified because we have made some artificial economy. Actually, in the Bhagavad-gītā we find the economic problem is solved by producing food grains. It is stated there, annād bhavanti bhūtāni: (BG 3.14) "By eating food grains, both the animals and the men, they become stout and strong." That's a fact. According to Bhagavad-gītā, economic problem can be solved anywhere.

1972 Conversations and Morning Walks

Morning Walk Conversation -- September 28, 1972, Los Angeles:

Prabhupāda: The Jawaharlal is the typical example—everything Indian is bad. That was his philosophy. Gandhi was trying to get the Indians back to village. His philosophy was that these capitalists, they are exploiting these poor men, so all these poor men, they should go back to village and be satisfied with the village economy, not to come out. Actually that's a very nice program. But as soon as Gandhi died, or he was killed, the whole program was changed-industrialization and attract the poor man and let them live in wretched condition of city life. Gandhi's policy was to make them happy by agriculture in the village, produce their own cloth, not in the mill but in charka.

1973 Conversations and Morning Walks

Room Conversation with French Journalist and UNESCO Worker -- August 10, 1973, Paris:

Prabhupāda: So you are thinking in that way. "How I shall provide this population?" That is the old woman's crying. Without sufficient knowledge. We do not believe in this, all rascaldom. We believe in God. If God can create... just like animals. They do not cry. They're increasing. The hogs and dogs, even lower animals... This is demonic economy. A man is holding thousands of acres of land and he's thinking of overpopulation. Why not he distributes the thousands of acres of land to the people? They would produce their own food. That is the, that is the defect of so-called socialism. But here we give a right type of socialism.

Morning Walk -- December 31, 1973, Los Angeles:

Prabhupāda: Ah. So you simply show the card, you get the goods. So to exchange, it has become very cheap. So cheaply you can purchase. Therefore cheaply you can purchase sinful things also. The people are becoming sinful. The modern economy is, "Engage people in hard working to produce, and by artificial cheating, secure the goods, commodities." This is modern economy. So a worker is getting three thousand dollar per month, but he is getting paper. But he is thinking that "I am getting money." He is giving his labor, and things are being produced. This is the policy. "Cheat him. Without giving money, give him paper, and get his labor, and produce goods." This is modern economy. Is it not? A laborer, a worker, is given high salary, high wages. So what he is getting? It is paper. And he is very enthusiastic to give his labor. So production is more. And when you go to purchase the products, then you have to pay again. Whatever you have earned, you have to pay everything, pay to the bank or pay to the man. Simply cheating process is going on. There is no solution. People are cheaters.

Morning Walk -- December 31, 1973, Los Angeles:

Karandhara: Yes. Whenever there is an economic depression, then gold remains valuable. Just like when the stock market crashed in 1929, if you had gold you could still purchase goods. No matter how bad the economy was, people would accept gold as barter, but not currency.

Prabhupāda: Yes. Indian economy was that if you have got extra money, you get gold ornament for your wife. So then your money is stocked there. Or purchase some utensils, silver utensils. That was Indian economy. This depositing in the bank and thinking that I am getting good interest, that is another cheating. It is another cheating. If things are not available, what will you get by getting interest? Therefore I am advising that purchase land and produce our own food. There will be no problem.

Morning Walk -- December 31, 1973, Los Angeles:

Karandhara: The inflation rate is higher than the interest rate. If you earn 5 3/4 % interest in a year, the inflation has gone up 6% in a year. So actually your money, at best it's kept the same.

Prabhupāda: The money is to be kept in cattle and grains. That is Indian economy, cattle and grains. If you have got many cows, you get milk. Milk preparation. And if you have got grain, then where is your problem? You prepare your foodstuff at home and eat and chant Hare Kṛṣṇa. Where is your problem? You want to eat and live peacefully. So if you have got grains and milk, you have got enough food and there is no problem. You haven't got to go fifty miles for your work, and then you require a tin car. So many problems. But if you get your food at home, then eat them and chant Hare Kṛṣṇa and go back to home, back to Godhead. Simple thing.

1974 Conversations and Morning Walks

Room Conversation with Richard Webster, chairman, Societa Filosofica Italiana -- May 24, 1974, Rome:

Prabhupāda: People are fighting, fighting, fighting. Leaders should be so sober and honest that the people should live peacefully, without any anxiety, without any want. That is the duty of the leaders to see. Perpetually they are in want, in scarcity, not in peace of mind, full of anxieties. In India especially, we see, the economy is so unsteady. The money value is decreasing every day. Nobody knows what will be tomorrow. Rice is selling today at two rupees kilo, tomorrow, three rupees, next day, four rupees. Where is the income is coming? Therefore there is strike, railway strike. So this is the mismanagement. They cannot guarantee.

Room Conversation -- June 11, 1974, Paris:

Prabhupāda: ...giving to the vultures. Let the flesh-eaters take it. He did not like this idea much. (laughs)

Yogeśvara: It would ruin the economy.

Prabhupāda: Economy? What is that economy?

Yogeśvara: Because there's so much business that depends on the slaughter and the sale of animal flesh. Just like in India now, there is such a low economy that in some of the communist states, they've decided to export meat because it's good...

Prabhupāda: You can export after death. What is the wrong? You can export. Immediately, you take the cows after death, take the skin and take the meat also, skin and flesh, and put it into refrigerator and make export. We simply say that until the death of the cow, don't kill. Let us take the milk. That is our appeal only. What is the wrong there?

1975 Conversations and Morning Walks

Morning Walk -- June 29, 1975, Denver:

Satsvarūpa: ...received in Switzerland, Śrīla Prabhupāda, that man said, "What if everyone became like you devotees?" He was worried that the economy would collapse, he said, if everyone took to this.

Prabhupāda: Well, at least he will not take, and the economy will go on. There will be a class of men like him. They will never take. So there is no problem. Your economy will go on. (laughter) (break) ...the prisoners become free, how the prison house will go on? Is that very nice question? What is the use of prison house? For the criminals? (break) ...thinking in that way, that "We are giving up meat, and the slaughterhouse proprietors, they are sorry. Then how our business will go on?" As if that is a very nice business. The sooner you close that business, it is good for you.

Morning Walk -- December 14, 1975, New Delhi:

Harikeśa: Well, my argument was sometimes he's not being supplied the proper way so therefore economic development is necessary.

Prabhupāda: Alright. That is your... Out of 8,400,000 forms of life, the economic development is taken, a few only. Why others they're developing without any economy? There are so many other living entities

1976 Conversations and Morning Walks

Room Conversation -- September 16, 1976, Vrndavana:

Prabhupāda: A local man cannot get. He's starving. And the man in big cities, he's doing nothing, he simply has got paper to sign and paper money he's attracting. All production. And they are starving. This is modern civilization. Everything, milk, vegetables, fish, everything, this chānā. Otherwise, within the village you can get everything. Village economy. Everything very cheap. And as soon as they got these transport facilities, the local men, they could not eat, and these lazy rascals, they are getting everything. Big, big cities like Calcutta, Bombay, they (have) millions of population. They are not producing anything. The producer is different man. They are simply artificially cheating them by paper money and they take. This is modern civilization.

1977 Conversations and Morning Walks

Room Conversation -- January 9, 1977, Bombay:

Rāmeśvara: ...involved in some political activity, we must follow his example.

Prabhupāda: Oh, yes. There is no doubt about it. We shall follow strictly to politic, economy, sociology, philosophy, religion, art, culture, everything. So we are not only for Hare Kṛṣṇa. Of course, Hare Kṛṣṇa is ultimate. That is..., includes everything. But we should never say that politics is not our field. Why not? Kṛṣṇa took part. Kṛṣṇa instructs everything.

Room Conversation with Ratan Singh Rajda M.P. 'Nationalism and Cheating' -- April 15, 1977, Bombay:

Tamāla Kṛṣṇa: That seems to be a big issue now, these smugglers. I notice in the newspapers every day.

Prabhupāda: The smugglers get with money, printed money. Who can check it?

Tamāla Kṛṣṇa: So printed money should have gold behind it.

Prabhupāda: Yes, that is the theory. What is the rate of economy?

Tamāla Kṛṣṇa: What is the idea...

Prabhupāda: That is called...

Tamāla Kṛṣṇa: Gold standard.

1947 to 1965 Correspondence

Letter to Mr. Bailey -- Allahabad 7 July, 1953:

Sages of India realized it by a perfect deductive process which descends on human consciousness by a transcendental chain of unbroken bona fide disciplic succession that material civilization is a temporary gigantic demonstration of a rabid process of sense gratification. The sense organs are given uncertain liberty to gratify their desires and the whole show of science education, trade, industry, economy and politics are but different spheres of activities in the realm of gratifying the senses.

1971 Correspondence

Letter to Dayananda -- Delhi 5 December, 1971:

Now we are offering the real solution, so present them our philosophy nicely and they are very intelligent people, they will understand and appreciate. By becoming Krishna Conscious, no more need for wasting time by acquiring this or that to expand our economy. Every Krishna Conscious man should know it for certain that this material world simply has no use for us. Now there is war here between India and Pakistan; tomorrow there may be war somewhere else. With every step there is danger and so many anxieties. No gentleman should want to live here in this material world. So preach to the Britishers very strongly in this way.