A Comparative Study of Economic Thoughts: Dr Ambedkar, Mahatma Gandhi, and Karl Marx

Author(s)	Hareet Kumar Meena, Sangeeta Dhayal
Country	India
Abstract	This research paper explores the economic thoughts of Dr Bhimrao Ambedkar, Mahatma Gandhi, and Karl Marx, focusing on their visions of equality and justice. Dr Ambedkar advocated for state socialism and emphasised non-violence, democracy, and technological progress to uplift marginalised communities. Gandhi proposed the principle of trusteeship and promoted moral and spiritual development, and urged the wealthy to act responsibly for the welfare of society. Marx, on the other hand, emphasised the revolutionary class struggle to eliminate capitalism and establish a classless society. While Marx relied on conflict and materialism, Ambedkar and Gandhi prioritised social reform and non-violent methods. This study highlights how the ideas of Ambedkar and Gandhi provide solutions to contemporary socio-economic issues, offering sustainable, inclusive, and humanistic alternatives to the radical ideology of Marx.
Keywords	Economic Thoughts; Dr Ambedkar; Mahatma Gandhi; Karl Marx; Comparative Study.
Published In	Volume 7, Issue 1, January-February 2025
Published On	2025-01-17
Cite This	A Comparative Study of Economic Thoughts: Dr Ambedkar, Mahatma Gandhi, and Karl Marx - Hareet Kumar Meena, Sangeeta Dhayal - IJFMR Volume 7, Issue 1, January-February 2025.

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