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

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Missing Equation

Missing Equation Ranjit Sau Pricing and Inflation in India by Pulapre Balakrishnan; Oxford University Press, Delhi, 1991; pp 271 + xx, Rs 275.
THE book under review is a very welcome addition to the literature on in inflation in India. It employs state-of-the-art econometric methods on a data-set that covers three decades ending 1979-80. It combines scholarship with perception and diligence, The reviewer has learnt a great deal from reading the book; he uses it in" his research and teaching. He invites others to do so. Having said that, in what follows we shall concentrate on relatively controversial parts of the book. We shall begin with a technical matter of econometric method.

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