Introducing Anthropological Economics: The quest for an Anthropological basis for Economic theory, growth models and policy development for wealth and human welfare maximization

Description

This paper attempts to merge the concepts and theoretical frameworks of the disciplines of Anthropology and Economics, and attempts to create a new sub-field in Economics called 'Anthropological Economics' which is mired in Anthropological concepts and principles and seeks to maximize not only human welfare and happiness but also wealth maximization across cultures, while considering both the psychic unity of man, universal human needs and culture-specific factors. Thus, Anthropological Economics is expected to be interrelated to other disciplines of Economics, but remain complementary to them i.e., it is not expected that it will intrude into other sub-fields of economics, replace them, or override their principles in any way. It will therefore draw upon other aspects of economic theory, and enrich them suitably. It is therefore expected that all aspects of Economic theory will be taken into consideration for policy formulation and decision-making, including those of Anthropological economics, and independent, context-specific judgment will always be applied. The new proposed field of Anthropological Economics proposes to take the idea of Human Welfare to its logical conclusion by extending the work already carried out in various sub-disciplines of economics, and integrating it more tightly with various concepts in Anthropology. Many new tools and techniques are therefore, proposed as a part of this paper, and we believe these will suitably enrich the field of Economics as well. While many attempts have been made in the past to integrate the fields of Anthropology and Economics, we hope this endeavour will take this exercise to a much higher level, by creating a new generation of "Anthroeconomists". We also hope it will eventually help move mainstream economics away from Neo-classical approaches to Anthropological and human-centric approaches.

About the Author

Sujay Rao Mandavilli was born in India on the 18th of November, 1969, and is the son of an IIT (Indian Institute of Technology) Professor. He is the great great grand son of Hindu philosopher and reformer late Diwan Bahadur J. Venkatanarayana Naidu. (Refer Wikipedia) Sujay has been fascinated with science from an early age and built his first telescope at the age of eleven. He has been interested in the Aryan problem since the 1990’s. He is committed to the healthy growth of science in India and elsewhere. He has worked in different technology firms for twenty years including as a Senior Consultant for IBM for Six years and has executed assignments for different clients across the world in the field of Governance, Risk, Compliance, Process Improvement and Information Security, and in this connection, has travelled to or worked in fourteen different countries. At age 48, he quit the technology sector completely to focus on fighting dogmas, religious fascism and ideological constructs and bring about a scientific and an intellectual awakening in developing counties like India using his own unique methods and approaches, with the hope that this will be a role model for other developing countries as well. He is interested in the ‘Globalization of Science’ i.e. how intellectual multi-polarity can be beneficial to science itself. He is also interested in the ‘Sociology of Science’ i.e. how a proper teaching of science can lead to Social and Intellectual revolutions in regions where such revolutions are long overdue and greatly increase scientific output. He is the Founder-Director of the Institute for the Study of the Globalisation of Science (Registered as the Globalisation of Science Trust) which is has already started empanelling a group of researchers and scientists to plan its next course of action.

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