From the early 1970s, there has been widespread disillusionment about the paradigms of development which had been dominant since the Second World War. Many leading thinkers - both in the East and in the West have been exploring alternatives to the West originated concepts of progress and to the trading systems and practices derived from those conceptsl. It has become increasingly apparent that the current global trading regime and the prevalent resource use policies are but modern day incarnations of coloniaism which ravaged most of the world in earlier centuries. At the ideological level, communism is now defunct, while capitalism is terminally ill. Time is thus opportune for projecting a more humane, non exploitative, holistic and spiritually elevating "Third Way: The heritage of Hinduism and especially the all comprehensive concept of Dharma provide guidelines for reorienting the political, economic and social life. In the present book Dattopant Thengadi, an outstanding thinker, critically analyses the present state of the world and presents the Hindu approach to economics, technology, environment, and constitutional and legal systems. He forcefully argues for modernisation without westernisation, and lucidly articulates the inevitability of Swadeshi for national reconstruction. Third Way is a timely and path breaking work.