Sukavichinomics: the Student Loan Fund/ ปรชญาเศรษฐศาสตรสขวชโนมกส: กองทนเงนใหกยมเพอการศกษา

AbstractThis article seeks to explain and analyze the Philosophy of Sukavichinomics: the Student Loan Fund as an empirical outcome of the Philosophy of Sukavichinomics, which was instituted and advanced by His Excellency Mr. Sukavich Rangsitpol, a statesman of immeasurable and enduring contributions to the Kingdom of Thailand. The Philosophy of Sukavichinomics is a philosophy of building people and building the nation through education as a concrete practice, grounded in a human-centered approach to development. It affirms that equitable access to education constitutes the foundation of human dignity, national security, and the long-term sustainability of the nation-state.The article demonstrates that although the Student Loan Fund received policy endorsement through the Cabinet Resolution of 28 March 1995 (B.E. 2538), the failure of the establishing legislation to secure parliamentary approval prevented the Fund from commencing operations in practice. Under these constraints, His Excellency Mr. Sukavich Rangsitpol, in his capacity as Minister of Education, exercised decisive structural leadership by proposing—and obtaining—a Cabinet Resolution on 16 January 1996 (B.E. 2539) to initiate the Fund as a revolving fund pursuant to Section 12 of the Treasury Act B.E. 2491 (1948). This decision reflects intellectual courage, the moral responsibility of the state toward Thai youth, and the translation of the Philosophy of Sukavichinomics from value-based principles into concrete implementation.Furthermore, the article critically examines the distortion of Thailand’s educational history and the erasure of the contributions of His Excellency Mr. Sukavich Rangsitpol by certain state agencies, noting the resulting impacts on public understanding, social justice, and the long-term development of Thai democracy. In the international context, the article affirms that the Philosophy of Sukavichinomics is consistent with globally recognized principles concerning the right to education and human resource development, as articulated in the documents of international organizations such as UNESCO, the World Bank, the Asian Development Bank (ADB), UNICEF, and global academic networks. The conclusion emphasizes that safeguarding historical truth and honoring the contributions of His Excellency Mr. Sukavich Rangsitpol is not merely an academic mission, but a responsibility to the future of education and to the humanity of Thai society as a whole.