ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Keynes and PhDs

LETTERS Issn 0012-9976 Ever since the first issue in 1966, EPW has been India’s premier journal for comment on current affairs and research in the social sciences. It succeeded Economic Weekly (1949-1965), which was launched and shepherded by Sachin Chaudhuri, who was also the founder-editor of EPW...

Making the Dismal Science Humane

Economics and Ethics: An Introduction by Amitava Krishna Dutt and Charles K Wilber (Basingstoke, Hampshire, England: Palgrave Macmillan), 2010; pp x + 269, price unstated.

Subhas Bose and the INA

May I supplement Ramachandra Guha’s admirably judicious review of Partha Chatterjee’s edited volume of Ranajit Guha’s writings in The Small Voice of History (EPW, 21 August 2010) wherein he rightly castigates Ranajit Guha’s grotesque incongruity of “In Praise of Bose” in an otherwise scholarly...

The Panorama from Churchill Chambers

Looking back, the creation and sustenance of the Economic Weekly, in the face of impossible odds is a stirring episode that more than challenges comparison with other founder-editor periodicals of distinction - Gandhi's Harijan, K Natarajan's Indian Social Reformer (Bombay), A D Gorwala's Opinion (Bombay), and I F (Izzy) Stone's Weekly (US) - none of whom survived their founders.

Islam and Science: A Comment

A response to Irfan Habib's article, "Modern Science and Islamic Essentialism" (6 September 2008).

The Political Economy of Aid

The Political Economy of Aid Anand Chandavarkar This is an exceptional work in its genre, by any criterion, that fills a conspicuous gap in the exponentially voluminous literature on aid, which has been primarily concerned with the economics of aid. It provides a comprehensive and transparent, yet critical and constructive, narrative of the origin, evolution and the politics of aid by the United Nations (UN), the major donor in the international grants economy. The robust scholarly apparatus, well supported by archival research and instructive tabular material, is robed in lean, muscular prose. The author, a well-credentialled economist, writes with hands-on experience having held several senior positions in the UN, including director of development administration programme in the department of technical cooperation. Remarkably for a civil servant, he is clinically objective in his evaluation of UN aid programmes, free of the self-referential institutional pietas, which so often afflicts retired civil servants who venture into print. Invasiveness of Politics The book

Modern India's Pioneer Economic Adviser

India is the unique domain of the economic adviser, which goes back to the legendary Kautilya, minister to Chandragupta Maurya. The pioneer economic adviser of modern India, however, was a little known American economist Ralph Whitenack, who served with distinction the Gaekwar of Baroda, Sayajirao III during 1906-09 and 1918-19 and was the prime architect of the Bank of Baroda. This article reviews his work in Baroda and its contemporary lessons.

Economics and Philosophy: Interface and Agenda

The roots of economics go back to philosophy and the great economic thinkers have been rightly acclaimed as worldly philosophers. Yet economists pose the question: should economists pay attention to philosophers? If anything, it is economics that raises serious philosophic issues. Can economics, a subject of cognitive dissonance with no predictive power, claim to be a science? Economic laws are at best statements of tendencies which make it "a discipline, not a science", for it "deals with the ever changing and subtle forces of human nature". But economics does adhere to the scientific method and the criteria of falsifiability. Paradoxically, despite its deficiencies, economics has emerged as the imperial social science and economists function as imperial advisors to government and civil society. Economics and philosophy are both techniques of analysis rather than bodies of doctrine. The most fruitful approach to the interface between economics and philosophy is through the relevant subdisciplines of philosophy, viz, epistemology, religion, ethics, psychology as well as rhetoric.

Myth of Laissez-faire in Colonial India

groups which concerned themselves with the economic, particularly the financial Myth of Laissez-faire policies of the government of India

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