Published Paper Details:

Dynamic environment influences behaviour of economic system. Due to survival instinct of man no economic system is static. Man has always learned from nature and used the same knowledge to mend and bend the nature for his survival with less effort. History of man-nature relationship in Indian subcontinent provides many examples of this phenomenon. For example, firstly, all ancestors of man who were hunters and gatherers by Holocene (10000 BC) realized much less energy is required for cultivation than hunting and gathering resultantly they started agriculture. Later Aryans, who were nomadic pastorals, adopted agriculture with same reason. In both the cases man was doing fundamental economic calculation about his efforts and yield in return and how to reduce efforts and raise the yield. The trend continued on the principle - to lightly exploit wide range of resources by causing minimum disturbance to nature rather than intensively exploiting few. This principle has given rise to Indigenous Traditional knowledge (ITK). But due to need and greed of man and lack of attention of economists towards dilemma of resource depletion has damaged the equilibrium of nature giving rise to loss of biodiversity as well as created menace of climate change. The climate change has affected agriculture the most; making even survival of ITK based farmers difficult resulting in increase in incidences of suicides. In this situation farmers have found solution in the form of making adaptive changes in ITK based farming practices. With such changes farmers of Azamgarh in Uttar Pradesh have successfully combated the effect of climate change on their agriculture and helped themselves to maintain their economic stability intact. Such changes in environmental dynamics need to be safeguarded from biopiracy by geographical indication tagging to form proper base for bioprospecting in future to strengthen the environmental dynamics based on economic needs.