Third Way, The Hindu Way
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His thoughts have been explained in his book “The Third Way”.
Ecology is given a lot of importance in his writings. He believed that Nature should be “milked” but not “exploited” or “killed”. The ‘Third way’ believes that education, ecology, economics and ethics--all four must be taken into consideration in an integrated manner for any economic activity. 
As has been believed by Gandhians, here too it is believed that material wealth is to be acquired with the object of serving the society. 
Consumerism is challenged as not the ultimate goal of life. Thengadi believed that consumerism was not compatible with the spirit of the Hindu culture. 
- Thengadi, Dattopant: Third Way. Delhi: Janaki Prakashan, 1995
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