Competition or Cooperation

The article is based on my Professor C T Kurien Memorial Lecture at ISEC on July 2, 2025. Among other things, Kurien stressed the need to enlarge the sphere of people’s mutual cooperation in solving their problems and enhancing welfare. The mainstream economics assumed that competition plays the most dominant role in mutual relations, ignoring the role of cooperation and complementarity. It resulted in making economics based on narrow self-interest. On the other hand, it is necessary to bring in economics of love and altruism. This article critically analyses and emphasises the role of cooperation and complementarity for human survival and wellbeing

Competition (biology · Complementarity (molecular biology · Economic competition · Mainstream · Mainstream economics · Schools of economic thought · Innovation, Sustainability, Human-Machine Systems · Post-Communist Economic and Political Transition · Regional Development and Management Studies