a) J.K. Mehta's philosophical approach to economics

Mehta has defined Economics, “as a science which studies human behaviour as a means to the end of want lessness”. Human behaviour is the subject matter of the science of Economics. It is generally the result of a state of disequilibrium of human mind. Disequilibrium is due to more pain than pleasure. Pleasure means the removal of pain. To him, want and pain are concurrent phenomena.

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