Pancasila economics (Indonesian: Ekonomi Pancasila), also known as "Indonesian populist economics" (Indonesian: Ekonomi kerakyatan Indonesia), is an economic system which aims to reflect the five principles of Pancasila.[1] The term "Pancasila economy" first appeared in an article by Emil Salim in 1967.[2]Mubyarto is one of the staunchest of the Pancasila economic theorists.
In essence, a Pancasila economy is a system that tries to avoid pendulum-like swings from one extreme (a free market economy, known in Indonesia as free fight liberalism) to the other (state socialism, especially of the Soviet kind). In simple terms, a "Pancasila economy" can be described as a market economic system with government control or a controlled market economy. A Pancasila economy can be considered an example of a mixed economy or a third way economic system.[2]
A Pancasila economy is seen as a counterbalance to a neoclassical approach promoting individualism and free markets[3] that is adapted the values of Indonesian society, including religious values, culture, customs and norms.[4]
The concept of Pancasila economics was first conceived in the early days of the New Order as part of the regime's De-Sukarnoization and "cleansing of Communist, 30 September Movement and PKI remnants from Pancasila" which was aimed for what the regime claim as a "return into a pure, consequential Pancasila".
The Pancasila economic system is based on Article 33 of the Indonesian constitution. The article calls for "collective enterprises under the principle of 'familyism' (Indonesian: kekeluargaan)", which is meant to be implemented through cooperatives, the state control of the commanding heights of the economy and of land and resources.
The five basic characteristics of the economic concept of Pancasila are:[5]
Cooperative development
Commitment to equity
Nationalist economic policy
Centralized planning
Decentralized implementation
The Pancasila economic system is claimed to have superiority above liberalism. Theorists claim it as "an economic system for the common people".[5][6] Pancasila economic theorists also argue the system's superiority over socialism, which they claim do not recognize "individual ownership" (Indonesian: kepemilikan pribadi; the term "pribadi" is an Indonesian homonym for both "private" and "personal").[5][6]
There has been much discussion about the need for a Pancasila economic system in economic development policy in Indonesia since Indonesian independence in 1945.[4]
Dumairy & Tarli Nugroho. 2014. Ekonomi Pancasila: Warisan Pemikiran Mubyarto [Pancasila Economics: The Legacy of the Thoughts of Mubyarto]. Yogyakarta: Gadjah Mada University Press.
March 01, 2024
pancasila, economics, indonesian, ekonomi, pancasila, also, known, indonesian, populist, economics, indonesian, ekonomi, kerakyatan, indonesia, economic, system, which, aims, reflect, five, principles, pancasila, term, pancasila, economy, first, appeared, arti. Pancasila economics Indonesian Ekonomi Pancasila also known as Indonesian populist economics Indonesian Ekonomi kerakyatan Indonesia is an economic system which aims to reflect the five principles of Pancasila 1 The term Pancasila economy first appeared in an article by Emil Salim in 1967 2 Mubyarto is one of the staunchest of the Pancasila economic theorists The national emblem of Indonesia contains a shield that represents PancasilaIn essence a Pancasila economy is a system that tries to avoid pendulum like swings from one extreme a free market economy known in Indonesia as free fight liberalism to the other state socialism especially of the Soviet kind In simple terms a Pancasila economy can be described as a market economic system with government control or a controlled market economy A Pancasila economy can be considered an example of a mixed economy or a third way economic system 2 A Pancasila economy is seen as a counterbalance to a neoclassical approach promoting individualism and free markets 3 that is adapted the values of Indonesian society including religious values culture customs and norms 4 The concept of Pancasila economics was first conceived in the early days of the New Order as part of the regime s De Sukarnoization and cleansing of Communist 30 September Movement and PKI remnants from Pancasila which was aimed for what the regime claim as a return into a pure consequential Pancasila Contents 1 Characteristics 2 See also 3 References 4 Further readingCharacteristics editThe Pancasila economic system is based on Article 33 of the Indonesian constitution The article calls for collective enterprises under the principle of familyism Indonesian kekeluargaan which is meant to be implemented through cooperatives the state control of the commanding heights of the economy and of land and resources The five basic characteristics of the economic concept of Pancasila are 5 Cooperative development Commitment to equity Nationalist economic policy Centralized planning Decentralized implementationThe Pancasila economic system is claimed to have superiority above liberalism Theorists claim it as an economic system for the common people 5 6 Pancasila economic theorists also argue the system s superiority over socialism which they claim do not recognize individual ownership Indonesian kepemilikan pribadi the term pribadi is an Indonesian homonym for both private and personal 5 6 There has been much discussion about the need for a Pancasila economic system in economic development policy in Indonesia since Indonesian independence in 1945 4 The principles of a Pancasila economy were mandated by the Indonesian Constitution in 1945 These include humanitarianism economic nationalism economic democracy and justice 4 See also editEmil Salim Indonesian economy Pancasila politics References edit Macam dan Pengertian Sistem Ekonomi www ekonoomi com Archived from the original on 29 April 2014 Retrieved 15 May 2014 a b Prof Dr Dawam Rahardjo Analisis Pancasila sebagai Filosofi Perekonomian www ekonomikerakyatan ugm ac id Retrieved 15 May 2014 Mubyarto 2002 p 68 sfn error no target CITEREFMubyarto2002 help a b c Membumikan Sistem Ekonomi Pancasila pelitaonline com Archived from the original on 23 May 2014 Retrieved 15 May 2014 a b c Prof Mubyarto dan Ekonomi Pancasila poskotanews com Archived from the original on 27 April 2014 Retrieved 15 May 2014 a b Pancasila needs to be implemented a system to economic www antaranews com Retrieved 15 May 2014 Further reading editR William Liddle 1982 The Politics of Ekonomi Pancasila Bulletin of Indonesian Economic Studies XVIII 1 March pp 96 101 Peter McCawley 1982 The Economics of Ekonomi Pancasila Bulletin of Indonesian Economic Studies XVIII 1 March pp 102 109 Dumairy amp Tarli Nugroho 2014 Ekonomi Pancasila Warisan Pemikiran Mubyarto Pancasila Economics The Legacy of the Thoughts of Mubyarto Yogyakarta Gadjah Mada University Press Retrieved from https en wikipedia org w index php title Pancasila economics amp oldid 1170828709, wikipedia, wiki, book, books, library,
