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

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Whither Development Economics

Anand G Chandavarkar Development Economics on Trial: The Anthropological Cases for a Prosecution by Polly Hill; Cambridge University Press, Cambridge, 1986 (reprinted 1987); pages xiii + 198, Price not stated.

Economist Extraordinaire

THIS biography of Kaldor (1908-86), in the series entitled Grand Masters in Economics (General Editor: Mark Blaug), is very appropriately written by an author (Professor of Applied Economics, University of Kent at Canterbury) who knew the late Lord Kaldor intimately and can claim complete familiarity with Kaldor's professional contributions having himself extended and refined them. It is a comprehensive work which includes an informative chronology, charming illustrations and a bibliography of Kaldor's writings, but it is not "a full personal biography on the lines of Harrod's or Skidelsky's life of Keynes; nor is it an intellectual biography in the sense of providing a new interpretation or critique of Kaldor." Rather it is "a straightforward attempt to elucidate the work of a man who was one of the most interesting, inspiring and influential economists of the twentieth century". It is a happy blend of "discussion of quite complex theoretical issues with biographical detail". The author's empathy has in no way inhibited an objective assessment of Kaldor's prolific contributions to theoretical and applied economics, his varied roles as an economic and tax advisor (Hungary, Britain, India, Sri Lanka, Mexico, Ghana, Guyana, Tbrkey, Iran, Venezuela) and international civil servant and consultant (mostly to the UN and related agencies).

Linking the Master Monetary Economist to Development

west, has through networks of multinational corporations and mutual understandings established fairly secure control over international resources. However, with industrialisation, population growth and increased aspirations in developing countries, from time to time, this control can be threatened. This then gives rise to conflicts via client states or 'client groups' in these countries. The author of the article on human population states that with increases in population "rival competition will increase and income levels will fall unless the urban or industrial sectors are growing and drawing labour from the surplus sector" (page 169). The author sees mitigation of this problem in land distribution.

An Economist s Odyssey

An Economist's Odyssey Anand G Chandavarkar A Course Through Life: Memoirs of an Australian Economist by H W Arndt; The Australian National University, Canberra, Australia, 1985. (History of Development Studies I). No price stated.

Honouring an Unfashionable Economist

Honouring an Unfashionable Economist Anand G Chandavarkar Theory and Reality in Development (Essays in Honour of Paul Streeten) edited by Sanjaya Lall and Frances Stewart; Macmillion Press, London, 1986;

Was Keynes a Development Economist

Anand G Chandavarkar Keynes is widely regarded as essentially a monetary economist (Hicks) who was not concerned with either growth or the underdeveloped countries (Patinkin). But while Keynes was not directly concerned with economic development, he was the first to present the developmental rationale of a Central bank. Development economics also derives intellectual support from the applicability of his (testable) concepts, such as the fringe of unsatisfied borrowers, liquidity preference, and the multiplier Nevertheless, the author concludes, the most influential paradigms of development economics, such as the centre-periphery dichotomy, cumulative causation, backwash and spread effects, big push, takeoff, balanced growth, human capital, choice of techniques, and unlimited labour, owe little directly to Keynes or Keynesian economics.

Keynes Revisited

Keynes Revisited Anand G Chandavarkar John Maynard Keynes: Hopes Betrayed, Vol I: 1883-1920 (a biography) by Robert Skidelsky; Macmillan, London, 1983; pp 447.

The Financial Maturation of India-A Statistical Overview

The Financial Maturation of India A Statistical Overview Anand G Chandavarkar The Financial Development of India, 1860-77 by Raymond W Goldsmith; Yale University Press, New Haven and London, 1983: pp 240, price not mentioned.

Keynes and India- A Centennial Review and Appraisal

Keynes and India A Centennial Review and Appraisal Anand G Chandavarkar The attraction of India for some of the mod eminent English economists like Marshall and Keynes is a fascinating theme in the history of economic thought. There are several possible explanations, but foremost among them one would rank the sheer intellectual challenge posed by the extraor- dinary complexity and uniqueness of India's monetary experience in its evolution from a silver to a gold exchange standard.

Monetary Planning Indicative or Dirigist

Anand G Chandavarkar Monetary Planning for India by Suraj B Oupta; Oxford University Press, Bombay, 1979; pp xi + 240, Rs 75.
THIS book is a highly professional analysis of the objectives, mechanics, and rationale of monetary planning in the Indian context, which is addressed to policymakers as well as teachers, researchers and students of monetary economics. The main text, albeit without sacrifice of analytic rigour, is relatively free of the more technical aspects which have been thoughtfully collected into seven appendices, including a particularly useful concluding appendix 6n the data and sources of all the variables used in the empirical analysis. The book's organisation thus lends itself to selective use by different classes of readers.

Sins of Omission

October 20, 1973 nerves between the crime reporters and the IG. A fresh recruit to the Statesman was intimidated and manhandled by the Sadar Bazar police station staff one evening when he called to enquire about a case; the sub-inspector even threatened to put him in the lock-up if he did not quit. The reporter decided to sit- in through the night in the police station when the police officer refused to allow him telephone contact with a senior officer. The officer on duty at the Paharganj police station had similarly misbehaved with three local newsmen about two months earlier.

The Radcliffe Report A Decade

The Radcliffe Report: A Decade Anand G Chandavarkar Money in Britain, 1959-1969 (The Papers of the Radcliffe Report

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