International Journal of Financial Management and Economics
Vol. 5, Issue 2 (2022)
Capability approach to development through Jain doctrines
Shreyansh Jain and Kshitij Jain
Mahavira, 24th Tirthankara of Jainism is highly celebrated figure in the world for his ideas that revolutionized the world. He was a realist thinker who tried hard to spread humanitarian values, his human-centric teachings centred on making one’s life viable for himself and for others. This paper is an attempt to present in brief one aspect of Mahavira’s model of individual well-being and comparing it with ‘Capability-approach’ by Nobel Laureate Amartya Sen which was a path-breaking reform in the field of economics. This paper briefly elaborates both approaches, then draw parallel between them by holding up particular dimensions like views on poverty, freedom, development etc. It also presents how Mahavira went a step ahead by reaching the way to attain desired end as Sen visualised and solved the major loophole of Sen’s approach.