The Collected Works of A.K. Dasgupta III: Essays in Planning and Public Policies

Hardcover | December 15, 2008

EditorAlaknanda Patel

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The third of the three, this volume 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 thought and its relevance to the real world. The essays aredivided into seven segments broadly discussing war and post-war inflation, international economic relations, public finance in India, planning as the instrument for mobilization of resources for economic development, unemployment, and Gandhian economics etc. His standing as a noted academic findsexpressions in his views on teaching in economics, economic research, and reflections on higher education. This volume brings out the author's concern for human well-being, the state of the society, and the common man.The volume has been comprehensively introduced by I.G. Patel, the noted economist and former Governor, Reserve Bank of India, whose association with Dasgupta ran for more than half-a-century. The introduction is not only an insight into Dasgupta's lasting works in macroeconomics, but also Patel'sthinking on macroeconomic management in India.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 II is a collection of 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 his observations of events unfolding in the Indian economy in thepost-independence era. Readers will have a deeper understanding of the underlying structure of the Indian economy during the post-War years, and the history of development of political economy.The volume has a biographical sketch by the editor and the author's daughter, Alaknanda Patel, Visiting Professor, Centre for Development Alternatives, Ahmedabad and has been introduced by the author's son Partha Dasgupta, Frank Ramsey Professor of Economics, Cambridge University.

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The third of the three, this volume 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 thought and its relevance to the real world. The essays aredivided into seven segments broadly discussing wa...

Alaknanda Patel is Visiting Professor at the Centre for Development Alternatives, Ahmedabad, and was formerly on the Faculty of M. S. University in Vadodhra, Baroda. She is the daughter of A.K. Dasgupta.
Format:HardcoverDimensions:830 pages, 9.45 × 6.22 × 0.98 inPublished:December 15, 2008Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0195687906

ISBN - 13:9780195687903


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Table of Contents

Alaknanda Patel: Biographical SketchI.G. Patel: IntroductionPrologue1. A Bird's Eye View of the Development of Economic TheoryThe Relevance of Economic ScienceThe Purpose of Economic TheoryDisguised Unemployment and Economic DevelopmentDisguised Unemployment and Economic Development: A RejoinderA Framework of Economic Planning for IndiaTrade Theory and Commercial PolicyDemocracy, Socialism and PlanningPlanning Under DemocracyRelevance of GandhiContemporary Crisis and the Search for a Sane SocietyThe Early Years - War and Post-War Inflation2. Some Observations on the High Price of Food-Grains in IndiaThe Economics of RestrictionismThe Indian Fiscal PolicyOn the Probable Consequences of the Cessation of Hostilities on India's EconomyWar and Post-War Inflation in IndiaWhither Rupee?Devaluation of the RupeeEconomic Consequences of the PartitionEconomic Planning in IndiaThe Ratio Between Capital and IncomeConditions of a Constant ratioPlanned Economic Development and Relative PricesReflections on 'Take-Off'Economic Planning in IndiaNote on the Objectives, etc. of the Second Five-Year PlanA Note on Deficit FinancingDeficit Financing and the Second Five-Year PlanSocialistic Pattern of Society and the Second Five-Year PlanThe Plan and the BudgetA Plea for a Bolder PlanApproach to India's Third Five Year PlanPreconditions of Sustained Growth of the Indian Economy: A SymposiumIntroduction to the Third PlanThe Fourth Five Year PlanPlan Priorities: Some Basic IssuesPublic Finance3. Impact of Chinese Aggression on India's EconomyDefence Finance: Compulsory Savings for the PoorCompulsory Savings Scheme for the Poor: ReplyThoughts on Public FinanceTax Concession as a Remedy for EvasionTax Concessions, Equity and GrowthThird Central Pay Commission: Note of Dissent4. Economic Development and Foreign TradeEffect of an Investment Programme on Foreign Exchange ReservesIndia's Foreign Economic PolicyThe Relation of Foreign Aid to Home InvestmentCommercial Policy and Economic GrowthForeign Balance in a Developing Economy; Export Promotion through DevaluationOn Devaluation of the RupeeDevaluation: A Postscript5. International Economic RelationsDiscriminatory Restrictions and the Dollar GapInternational Economic ImbalanceThe Problem of International Economic OrderNew International Economic Order: The North-South Debate6. Gandhian EconomicsGandhi on Social ConflictThe Economics of AusterityThe Rationale of Gandhian Economics7. Teaching EconomicsThe Teaching of EconomicsMethodology of Economic ResearchThe Economic AdviserOver-Full Employment in the Economists' SectorEconomists and the GovernmentReflections on Higher Education in India in the Light of the Robbins ReportOn Higher Education in IndiaThe Language Problem8. Reviews and ReminiscencesSachin ChaudhuriBirendranath Ganguli, 1902-1978Lord RobbinsWhy Lament for Economics? The Common ManWhat I Saw in ParisChronologyBooks and MonographsContents of Volume I and Volume IIIndex