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V M DandekarSubscribe to V M Dandekar

Sacred Cattle and More Sacred Production Functions

 necessitates the help of these intermediaries. Climatic variations apart, an excessive supply of labour, particularly of the unskilled category, acts as a hindrance to any decasualisation scheme. It is argued that, so long as a stable output can be had without maintaining stability of jobs or, in other words, with an unstable labour-force most of which is employed on a casual basis, there may be a tendency in the policy on employment to be subjected to a 'go-slow' on decasualisation. Again, if one looks not from the output-stability point of view, but from the employment- stability point of view, it may be argued with equal force that, so long as the demand for labour in the aggregate is maintained at a stable level for a fairly long period, there seems to be a priori justification for decasualisation.

Government by Gambling

Government by Gambling V M Dandekar IN the auspicious year of the Birth Centenary of Mahatma Gandhi, the Father of the Nation, the Governments of most States have inaugurated two important social reforms: One is relaxing or altogether lifting prohibition; the other is initiating State lotteries. Whatever the justification given, the reasons for the two reforms are obvious. The expenditure on development programmes and the expenditure incurred in the name of or incidental to such programmes has been mounting day by day. Two years ago, the then Finance Minister suggested that public expenditure must be restrained and unproductive expenditure must be eliminated. Much thought was given to the subject. Several economy measures were explored in order to cut down public expenditure. But they turned out to be politically impossible. Hence- it became obvious that additional finances must he raised to meet mounting expenditure.

Cow Dung Models

 Cow Dung Models V M Dandekar Investment in Livestock in Agrarian Economies: An Analysis of Some Issues Concerning "Sacred Cows" and "Surplus Cattle" by K N Raj; Centre for Advanced Studies, Department of Economics, Delhi School of Economics, University of Delhi; 1969 ; pp 33 ; Rs 2.00.

Agricultural Price Policy-A Critique of Dantwala

its Thesis on the Revolutionary Movement in the Colonies and Semi-colonies' at the 1928 Sixth World Congress. Not for them, again, the turn to a new course in the 1935 Seventh World Congress where the famous Dimitrov Report presaged the new line which the World Communist movement adopted in 1959. Obviously these discussions and their themes are beyond the intellectual horizon and ability of the authors.

Brain Drain The Indian Situation

V M Dandekar The disease that has gone deep down and which underlies the entire phenomenon of Brain Drain is, it is argued here, the class and income structure for the intellectuals which we have inherited from British rule. This structure has two characteristic features. First, it places a high premium, both in terms of status and income on the professions vis-a-vis the rest of the society. Second, it has created inordinate inequalities, again in terms of status and income, within the intellectual ranks.

The Plan Frame and the Motive Power

The central thesis underlying D R Gadgil's assessment of the present economic situation and his prescriptions for the future is that the shape and direction of economic policy are largely the result of influence of vested interests in private business and trade. He recommends a comprehensive regulatory framework in order to curtail and regulate the work and influence of this section.

Reply to Commentaries

December 24, 1966 an increase in labour supply can be further corroborated from another angle. If we study the trend in gross capital formation we shall find on the basis of the author's estimate1 that gross investment as percentage to gross agricultural income has varied from 10 per cent during the quinquennium 1935-36 to 1940-41 to 12 per cent during the quinquennium 1955-56 to 1960-61. And even during the last decade ie, 1951-1961 when the investment in public sector was stepped up considerably, the percentage of gross capital formation in the private sector was 89.41 per cent of total gross capital formation in agriculture during the period.

Transforming Traditional Agriculture

This paper critically examines the economic logic underlying Professor Schultz's concept of Traditional Agriculture and his policy recommendations for transforming the same into a modern efficient agriculture (Theodore W Schultz, "Transforming Traditional Agriculture", Yale University Press, 1964.) and points out a certain element of the situation which it seems have escaped his attention. The paper is thus divided into two parts. In the first, I shall raise certain questions of economic analysis. In the second, I shall indicate certain relevant Issues which I think Professor Schultz has missed.

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