Where capitalist economy presents man as economic man who is a machine of earning more and more money while socialist economy consider him as means of earning money. Indian ancient economic thought present him as integral individual (Ekatma Manav) according to which a man is a integrated form of ‘mann, budhi’ and ‘Atma’. A man’s thought of life goes around these four elements (Body, mind, soul and concious). For balanced development of these elements four Purusharthas are mentioned as duties of man by ancient Indian economic thought they are- Dharma, Artha, Kama, Moksha. It is clear that Indian economic thought give stress not only on physical development of man but also spiritual and moral development for his all round development.