Crane, founder and former president, the Cato Institute

    It tries to present a third alternative road to be taken to the future of India rather than communism and capitalism. It pitches for a development paradigm based on the principles of India/Hinduism. It is the philosophy adopted by Bhartiya Janta Party.

    

    They show that 'capitalism' and 'democracy' - although widely held jointly to characterize Western society - are sharply contrasting systems regulating both the process of human development and the historical evolution of whole societies. They examine in detail the relationship between political theory and economics, and explore the multifaceted character of power in modern societies.