Gandhiji’s way of life was based on ethics. Hence, he accepted ethical science as the base of the science of politics and economics.
Gandhiji’s simple way of life in social, economic and political terms is popularly known as ‘Gandhism’.
However, unlike other economists Gandhiji did not give a specific ideology or principles of economics. Also, he did not classify his ideology into any ‘ specific categories.
He neither wanted to promote ‘Gandhism’ nor wished to have his own followers.
He did not claim that he had discovered any new theory or ideology. He simply tried to apply the eternal truths as solutions to life’s routine problems.
Based on these facts, Gandhism has become a part of economic thought process.