Of Economics, Policy, and Development: An Intellectual Journey: Collected Essays of I.G. Patel

Hardcover | June 25, 2012

EditorDeena Khatkhate, Y.V. Reddy

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This book is a collection of essays of Dr I.G. Patel, a distinguished economist and policymaker, on a wide range of issues related to theory and policy in the areas of money, finance, trade, balance of payments, and economic development. These essays provide insights in to Dr Patel's deepgrasp of economic theory and econometric techniques. Modifying economic theory to solve the problems of India and other similarly situated countries, they reveal how macroeconomic theory predominant in developed countries assumed new meaning and dimension in the context of economic development. Thearticles contain a tapestry of ideas which are still relevant in the contemporary Indian and global economic setting.

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This book is a collection of essays of Dr I.G. Patel, a distinguished economist and policymaker, on a wide range of issues related to theory and policy in the areas of money, finance, trade, balance of payments, and economic development. These essays provide insights in to Dr Patel's deepgrasp of economic theory and econometric techniq...

Deena Khatkhate is former assistant director at the International Monetary Fund and former senior consultant for the United Nations and the World Bank.Y.V. Reddy is former Governor of Reserve Bank of India and currently Emeritus Professor at the Central University, Hyderabad.
Format:HardcoverDimensions:480 pages, 9.65 × 6.5 × 0.98 inPublished:June 25, 2012Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198078986

ISBN - 13:9780198078982

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Table of Contents

List of Tables, FiguresPrefaceAcknowledgementsIntroductionPart I: Monetary and Credit Policy1. Demand for Money During Periods of Inflation and Stabilization2. Nature and Significance of Monetary Policy and its Instruments3. Selective Credit Controls in Underdeveloped Economies4. Some Thoughts on Monetary and Credit Policy5. Monetary Policy Revisited6. Communication Policy of Central BanksPart II: Gold Policy7. India's Elasticity of Demand for Gold8. On Turning Gold into Base MetalPart III: ECONOMIC DEVELOPMENT AND PLANNING9. Exports by Countries in Process of Industrialization10. The Challenge for the Newly Industrializing Countries11. Capital Formation in Private Corporate Sector12. Physical Planning13. The Second Five Year Plan: A Tentative Framework14. The Role of the Public Sector in a Small Open Economy15. The First Five Year Plan of China (1953-1957): An AppraisalPart IV. Growth, Equity, Social Justice16. The Socialist Legacy17. Growth, Modernization, Self-Reliance, and Social Justice18. Equity in a Modern Society19. The Idea of India as an IdealPart V. Economic Reform and Policy in India20. The Vision for a New India21. India's Economic Reforms and Development22. Current Unease with Indian Economic ReformPart VI. Banking and the Financial System23. Role of Banks and Financial Institutions in Corporate Finance24. Capital Market RegulationPart VII. International Aspects25. Role of PL-480 Supplies in the Development of India26. Trade and Payments Policy for a Developing Economy27. Lessons from the Monetary Events of 197128. Indebtedness of Developing Countries29. A New International Economic Order?30. The Adjustment Problem31. Protectionism: Its Causes and ManifestationsPart VIII. Miscellany32. Professor A.C.Pigou: A Memoir33. The Adam Smith Perspective34. Advising the AdvisersY.V. Reddy: EpilogueReferences