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A History of Indian Economic Thought : The Routledge History of Economic Thought - Ajit K. Dasgupta

A History of Indian Economic Thought

The Routledge History of Economic Thought

Hardcover

Published: 5th August 1993
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The first overview of Indian economic thought to appear in English, this book provides rich insights into both economic issues and the workings of the Indian mind. Arguing that it would be inappropriate to rely solely on formal economic analyses, Ajit K. Dasgupta draws on a wide range of sources: epics, religious and moral texts, public speeches, addresses, and newspaper articles. What emerges is an intricate mosaic reflecting India's different cultures and civilizations.
The book examines the ways that Hinduism, Buddhism, and Islam address economic issues. It demonstrates the deep impact of British colonial rule, both in propagating Western economic ideas and in provoking Indian theories of colonialism and underdevelopment. The book also includes chapters on Ghandian economics and Indian economic thought since Independence. Dasgupta looks at past thought from the vantage point of modern economic theory, particularly development economics. His lucid study reveals the legacy of Indian thought in economics and its relevance to contemporary India.

Acknowledgements
List of abbreviations
Introductionp. 1
The uses of historyp. 1
Criteria for selectionp. 6
An outline of topicsp. 10
Buddhism and economicsp. 13
Buddhism and the economic enterprisep. 14
Prices and taxationp. 19
Altruism and economicsp. 21
Kautilya's Arthasastra: economics and polityp. 28
The economic functions of the statep. 29
Taxation and pricing policyp. 33
The land systemp. 36
Economic thought in the Muslim periodp. 42
Islamic canons and fiscal policyp. 44
Monetary policyp. 51
Price-controlp. 55
Famines and famine policyp. 57
Famine definedp. 58
Why famines occurp. 59
Famine policyp. 61
Criticisms of famine policyp. 63
Dadabhai Naoroji and the drain theoryp. 74
What is the drain?p. 74
Criticismsp. 79
Long-run relevancep. 82
Ranade and the economics of developmentp. 87
Poverty and industrialisationp. 87
Agrarian policyp. 100
Railway investmentp. 107
Methodology of economicsp. 112
Towards independencep. 120
From free trade to discriminating protectionp. 120
Gokhale and the economics of educationp. 123
The rupee-ratiop. 127
National income measurementp. 130
Gandhian economicsp. 131
Methodological issuesp. 131
Consumption behaviour: the limitation of wantsp. 137
Consumption behaviour: Swadeship. 142
Technology, industrialisation and the scale of productionp. 147
Trusteeship and industrial relationsp. 151
Charity, leisure and the sanctity of workp. 154
Independence and afterp. 163
The Mahalanobis modelp. 164
Industry and tradep. 167
Savings behaviourp. 174
Industrial decelerationp. 176
Measurement of povertyp. 179
Agriculturep. 182
Glossaryp. 188
Bibliographyp. 192
Indexp. 200
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780415061957
ISBN-10: 0415061954
Series: The Routledge History of Economic Thought
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 224
Published: 5th August 1993
Publisher: Taylor & Francis Ltd
Country of Publication: GB
Dimensions (cm): 21.6 x 14.0  x 2.26
Weight (kg): 0.56
Edition Number: 1