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

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Sir (Abraham) Jeremy Raisman, Finance Member, Government of India (1939-45)

Sir Jeremy Raisman wore several hats in one lifetime - a successful civil servant followed by an equally distinguished corporate career, yet his towering achievements as a statesman for India's cause during the war years of 1939-45 remain unsung. His contributions that dwarfed, by any criterion, those of his predecessors in office are, however, conspicuously ignored by Indian and British historians of the Raj. But it is for his intuitive understanding of India and its economic and political fundamentals, that Sir Jeremy will remain the ideal last Viceroy India never had.

Resignation of the First Governor of RBI

ditional rivalry that antedates the Test Match series for the Ashes. It is a perfect Resignation of the First cast if not for Murder in the Cathedral, then for a dramatic thriller like Luigi Pirandello

RBI: Untold Story Continued

This is in response to Meenakshi Tyagarajan’s gracious comments (October 14) on my article (August 19). There is no evidence, to my knowledge, to satisfy Tyagarajan’s curiosity about the subsequent fate of governor Smith’s friend, Mrs Allen, the wife of the British manager of the RBI’s Calcutta...

Central Bank and Government

The first governor of the RBI, Osborne Smith, resigned his job only 18 months after he joined and two years before his term was to expire. The first puzzle is why the official history of the RBI, as late as 1985, does not give the real story behind this episode. Smith's technical competence was never in doubt. But the then finance member James Grigg had an antipathy to Smith and worked to frustrate him. This article uses primary and archival sources to unravel the mystery.

Was Keynes Anti-Semitic?

Deconstructionists expect public figures to be paragons of virtue and then busy themselves with the shadow side of genius. Keynes' anti-semitism was more a peripheral fringe of an inherently compassionate personality than a fatal flaw of character.

A Leading-Edge Economist s Secular Retrospect

Retrospect Anand Chandavarkar Essays in International Economics (1944-1994) by H W Arndt ; Ashgate Publishing, Aldershot, Brookfield, USA, 1996; pp viii + 392, $ 76.95.

Keynes and the Celestial Dancer

Lydia and Maynard: Letters between Lydia Lopokova and Maynarti Keynes, edited by Polly Hill and Richard Keynes; Andre Deutsch, London, 1989; pp 367,

Economics Goes Lethal

Anand Chandavarkar In the Long Run We Are All Dead (A Macroeconomics Murder Mystery) by Murray Wolfson and Vincent Buranelli; St Martin's Press, New York, 1990 (second edition); pp vi + 184, price not stated.

Informal Rural Finance in Maharashtra

context. Two basic features of the economy, differentiation of households and economic growth, need to be taken into account while analysing the phenomenon of female participation. Differentiation implies a differential response of women depending on the position of the household to which they belong in the class hierarchy. Economic growth leads to further differentiation and the changing labour market situation has an impact on whether and if so, which classes of women participate in the workforce. Thus the whole process of female labour participation is dynamic and needs to be analvsed as such.

An Economist s Diaries

THE diary, ever since the pioneering days of John Evelyn and Samuel Pepys down to Dick Crossman and Evelyn Waugh in contemporary times, has always been an intriguing art form. It is essentially a minority taste. The silent majority perhaps thinks like Richard Cobb, Emeritus Professor of Modern History, Oxford (The Spectator, June 11, 1987, p 7, "I have never kept a diary. I would not know what to put in it... Why keep a diary?''). Cobb will find an answer in this fascinating collection by a distinguished fellow Oxonian and Emeritus Professor of Economics at the Australian National University. "These diaries [a selection] are... of an academic, an observer intended to convey some of the never failing stimulus and pleasure that I have derived from two decades of travel [1958-1976] in Asian countries [Afghanistan, Cambodia, Hong Kong, India, Indonesia, Korea, Nepal, Pakistan, Papua New Guinea, Singapore, Malaysia, South Vietnam, Soviet Central Asia, and Taiwan] and contact with Asian people" (Preface). They "are printed... as they were written day by day, edited only to delete...the possibly hurtful comment, and to give (in parenthesis or footnotes) the necessary background information". The diaries have a useful glossary and index of names and are well illustrated by Hedda Morrison's photographs and some by the author himself," including a charming frontispiece painting of the Rangoon river ferry.

B P Adarkar and Keynes-The Ganges and the Cam

support their exploitative and tyrannical ways". The report stressed the need for a "sharper development thrust for the poor" and "change in the role of the police'' in the tackling of land and wage disputes. It called for an immediate check on the increasing numbers of false cases against the landless. However, such relatively benevolent attitudes have now lost their appeal for the political establishment at the centre On the contrary, union home minister Buta Singh himself announced in parliament after a visit to Jehanabad in Bihar, where yet another gruesome massacre of Harijans had taken place, plans of the centre to'assemble yet another peace-keeping force

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