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

Articles By G Omkarnath

Pierangelo Garegnani: A Tribute

Advances in neoclassical economics are often marked by fashions, new techniques masquerading as theory, and encroachments on other disciplines. In the event, a critical internal appraisal has eluded neoclassical theory. Neither economic crises of the real world nor complaints from sister disciplines seem to make much of a difference. Against this backdrop, Italian economist Pierangelo Garegnani's steadfast commitment to the scrutiny of fundamentals of economic theory is cause for celebration.

A Natural Leader

 A Natural Leader G Omkarnath Few economists of his generation, perhaps equally distinguished and no less committed to a new India, could still lay claim to the distinctive position of leadership that K N Raj occupied. His lifetime engagement with the Indian economy spanned, uniquely, all departments: teaching, research, policymaking and institution-building. More remarkably, he brought his leadership to bear on everything he touched. Leadership meant spotting and nurturing talent cutting across generations and social, regional and gender identities. It meant a bold assertion and self-abnegation at the same time. And it meant team play placing all his

Industrial Sickness: Trends and Patterns

This paper attempts to trace the trends and pattern in industrial sickness during the pre- and post-reform periods, especially in the large and medium sector. The study shows that while the first period (the 1980s) was dominated by an ailing small-scale sector, the post-reform period (the 1990s) was one of sickness in the large and medium sector. The onset of recession in 1997 had an apparent immediate effect on non-SSI sickness, but its effects on the small sector were visible only after a two-year lag, indicating perhaps the greater resilience of SSIs.