The Collected Works of A.K. Dasgupta II: Essays in Economic Theory

Hardcover | December 15, 2008

EditorAlaknanda Patel

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The second of the three volumes, this collection of fifty-five essays divided into seven distinct segments, contains the writings of Amiya Dasgupta on economic theory. The collection contains his pioneering work on wages and employment in economies with an unlimited supply of unskilled labour.Dasgupta's motivation came from his observations of the world around him; in particular, events unfolding in the Indian economy in the post-independence era. Readers will have a deeper understanding of the underlying structure of the Indian economy during the post-War years, and the history ofdevelopment of political economy. The essays are a luminous display of the interaction between economic theory and the empirical sources, and the immediate applicability of that theory. Above all, they are the definitive intellectual testimony of one of India's greatest social thinkers and the founder of modern economics in India. The volume improves the understanding of the working of less developed economies. It deliberates on the applicability of economic theory as developed in the West, to problems of the less developed ones. The volume has been introduced comprehensively by Partha Dasgupta, the author's son, himself aneminent economist and Frank Ramsey Professor of Economics, University of Cambridge. The biographical sketch, written by the author's daughter and the volume editor, Alaknanda Patel dwells on the rare combination of tradition and reason of a man who questioned and looked for answers on every issue, a unique blend of scholarship and acute practical observation.Volume I contains two of the author's most important treatises: The Conception of Surplus in Theoretical Economics which is an important determinant of the course of economic forces; and Epochs of Economic Theory which traces the historical development of economic theory and offers several originalperspectives on classical political economy. The volume has been introduced by Dilip M. Nachane who provides an overview of economic thought in India in the early twentieth century that was influenced by: a) the nationalist strand; b) the colonial regime; and c) the Gandhian ideal of Swadeshi, village self-sufficiency, and trusteeship.Volume III brings a collection of essays, articles, reviews, and reminiscences written over a span of more than six decades. It bears the stamp of the author's unique views on the development of economic theory and its relevance to economic policy, war and post-war inflation, and internationaleconomic relations. It brings out broadly the author's approach to economic policy and planning, general concern for human well-being, and the state of the society. This volume has been introduced by I.G. Patel, eminent economist and former Governor, Reserve Bank of India. He held the post of Director, London School of Economics and Political Science.

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The second of the three volumes, this collection of fifty-five essays divided into seven distinct segments, contains the writings of Amiya Dasgupta on economic theory. The collection contains his pioneering work on wages and employment in economies with an unlimited supply of unskilled labour.Dasgupta's motivation came from his observa...

Alaknanda Patel is Visiting Professor at the Centre for Development Alternatives in Ahmedabad, and was formerly on the Faculty of M. S. University in Vadodhra, Baroda. She is the daughter of A.K. Dasgupta.
Format:HardcoverDimensions:550 pages, 9.45 × 6.22 × 0.01 inPublished:December 15, 2008Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0195687892

ISBN - 13:9780195687897

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Table of Contents

PrefaceAlaknanda Patel: Biographical SketchPartha Dasgupta: Introduction1. Value and Relative PricesAdam Smith on ValueAdam Smith on Value - PostscriptThe Conception of CostsSome Remarks on Value and Cost, with Special Reference to Their Relation to RentMarshall's 'Ultra-Short Period' MarketAn Aspect of Marshall's Period AnalysisA Note on the Elasticities of Demand and SupplyThe Use of Curves in the Analysis of Market PriceA Note on the Determinateness of EquilibriumMarshall's Measure of 'Net Benefit' from Foreign TradeThe Theory of Black Market PricesLand Rent in Relation to the Pricing ProcessThe Concept of the Representative Firm2. Economic CompetitionThe Use and Abuse of the Assumption of Perfect Competition in Economic TheoryOn Certain Limitations of the Theory of Competitive EquilibriumThe Theory of Increasing Returns Under Competitive Conditions3. Wages and InterestA Theory of Wage PolicyThe Wages Question: Theory and PolicyOn Differential Rates of InterestThe Location of IndustriesNo 'No Profit, No Loss'? On Pricing in Public Enterprises4. CapitalThe Concept of CapitalCapital and EmploymentCapital and GrowthThe Choice of Technique5. Unemployment and Surplus LabourThe Rate of InterestEmployment and Economic WelfareCapital and Economic DevelopmentKeynesian Economics and Underdeveloped CountriesKeynesian Economics and Underdeveloped Countries AgainKeynesian Economics and Underdeveloped Countries Again: A PostscriptKeynesian Economics and Underdeveloped Countries Again: A RejoinderOn the Assumption of Unlimited Supply of Labour6. Classical Political EconomyTheory of Class Conflict in Classical Political EconomyMarx and Modern EconomicsMarx's Reproduction Scheme and Indian PlanningMarx and KeynesMarx on Smith on Component Parts of Price7. Methodology in the Social SciencesTendencies in Economic TheoryAn Economic Theorist Looks at EconometricsPhases of Capitalism and Economic TheoryMisleading SuperimpositionsIdol-Breaking? Review of Jurgen Habermas's Legitimation CrisisChronologyBooks and MonographsContents of Volume I and Volume IIIIndex