The Economist in Rabindranath Tagore : Reflections and Relevance on 21st Century World

Capital is one of the important factors of production in economics. Over the ages the factors of production has changed its dimension. The economic concept of social capital along with the emergence of human capital is helping academicians and scientist to explain lot of unexplained things. But, still many things remain unexplained. Happiness in less growth economy compared to unhappiness in super normal growth economy remains unexplained. The success of Collateral free loans to most of the technically un-credit worthy customers remains a mystery. The bankruptcy of the most credit worthy individuals also brings forth many questions. The yearning amongst the mind of the people for searching the real meaning of growth and happiness has not ended. Though the world has successfully demonstrated its capability to bring forth ever complex products real growth is a far story. An attempt has been made through this article to bring in purview the concept of spiritual capital and the economic understanding of the world renowned poet Rabindranath Tagore. Also the paper aims to establish the relevance of it in the contemporary economic scenario so as to bring forth true economic growth and happiness