Abstract

The foundation of mainstream economic theory is the idea that human
desires are limitless and that the quest of maximum utility and ongoing
expansion is what propels economic activity. This presumption does not, however, apply to all cultures and historical periods. India's tribal groups
have economic systems based on traditional knowledge, where the values
of self-sufficiency, moderation, and communal well-being govern
livelihoods, consumption, and resource use. Using secondary literature, recorded oral traditions, and ethnographic narratives, this study employs a
qualitative and narrative approach to investigate indigenous economic
knowledge among tribal societies. It contends that alternative economic rationalities that place more
emphasis on social peace, sustainability, and adequacy than accumulation are reflected in tribal narratives
of economic life. The study emphasizes the value of indigenous viewpoints for reconsidering economic
theory, development paradigms, and sustainability by placing tribal economic activities within the context
of Indian Knowledge Systems (IKS).