Bhagavad Gita and Hindu Modes of Capitalist Accumulation in India

Bhabani Shankar Nayak
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Bhabani Shankar Nayak: University for the Creative Arts

Chapter Chapter 8 in Political Economy of Development and Business, 2022, pp 119-136 from Springer

Abstract: Abstract The chapter attempts to understand and expand the idea of capitalist accumulation process from social structures of accumulation theory to religious structures of accumulation within the Indian context. It analyses the philosophical tenets of Hindu religious philosophy as outlined in the Bhagavad Gita. It argues that the ideological narratives within the Bhagavad Gita are concomitant with the logic of capitalism. It gives social and spiritual legitimacy to a specific form of production and accumulation processes by rationalising and justifying socio-economic stratification based on eternal inequality. The chapter aims to advance a new concept called ‘Hindu modes of accumulation’ by advancing the theoretical understanding of the theological processes in the Hindu religion which reinforces capitalism and capitalist social relations in India. The chapter focuses on the interface between cardinal principles of Hindu religion as outlined in the Bhagavad Gita and capitalist modes of social and economic processes in India.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-11093-1_8

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DOI: 10.1007/978-3-031-11093-1_8

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