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Competition or Cooperation?

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Mainstream economics assumed that competition plays the most dominant role in mutual relations, ignoring the role of cooperation and complementarity. It resulted in making economics based on narrow self-interest. On the other hand, it is necessary to bring in the economics of love and altruism. This article critically analyses and emphasises the role of cooperation and complementarity for human survival and well-being.

 

This is a revised version of Professor C T Kurien Memorial Lecture delivered on 2 July 2025, at ISEC under the joint auspices of ISEC, Bengaluru, and Vishwaneedam Centre of Asian Blossoming, Chennai. While revising, the author has drastically summarised Kurien’s........

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