BASIC HUMAN NATURE IN INDIAN TRADITION AND ITS ECONOMIC CONSEQUENCES

Ideas regarding the basic character of humanity assume importance wherever people interact with one another — from the family to the political state, to the business enterprise. These conceptions, ranging from pessimism to optimism, from notions that evil, predatory competition on the one hand to goodness, co‐ operation and virtue on the other characterise the intrinsic disposition of people, derive from the culture to which the individual belongs, moulding his values and conditioning his behaviour. They not only affect the quality of human relations present in any collectivity, but exercise critical influence on the theories and practices of social control. The understanding of a range of social parameters is considerably enhanced when viewed from the perspective of prevailing cultural ideas about human nature itself.