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[[Ravi Batra]] was one of the first economists that used the ideas of Prout in his bestseller ''[[The Great Depression of 1990]]''. In time, the theory attracted attention of people like [[Johan Galtung]], founder of the UN Institute for Peace studies who claimed that ''"Sarkar’s theory is far superior to [[Adam Smith|Adam Smith’s]] or that of [[Karl Marx|Marx]]."'' <ref name=":16" />
According to a description by Terry Irving and [[Rowan Cahill]], Prout "envisages a decentralised, community-based world economy of self-sufficiency for the poor; economic democracy; small business; and limits on the accumulation of wealth."<ref name=Irving/> [[Sohail Inayatullah]] stated that the philosophy "attempts to balance the need for societies to create wealth and grow with the requirements for distribution."<ref name=Inayatullah /> [[David Skrbina]] characterized Prout as a "model of social development... which advocates a 'small is beautiful' approach to society."<ref name=Skrbina /> Economics instructor Mark Friedman places Sarkar's economic thought in the tradition of Monsignor [[John A. Ryan]], [[E. F. Schumacher]] and [[Herman Daly]] in Sarkar's incorporation of spiritual values into economic goals.<ref name=Friedman />
It has been characterized as a form of "progressive socialism"<ref name=Ellwood /> as well as a "socialist theory".<ref name=Crovetto2008/>
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