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The Unexplored Keynes and Other Essays   
The Unexplored Keynes and Other Essays
A Socio-economic miscellany
Anand Chandavarkar
Hard-bound Book (6¼" x 9¼") :   Pages : 346
2009  Edition   :  ISBN - 978-81-7188-736-1
Price : INR 995 / US $ 69.95
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ABOUT THE BOOK :

This book begins with an in-depth reappraisal of Keynes, the prime architect of modern economics and many-sided genius who towered as a preceptor, economic statesman, institutional architect and progenitor of the IMF and the World Bank. It addresses the core question: In what sense was there a Keynesian Revolution? It also reviews the least known aspects of Keynes as a civil servant, as a social philosopher, and pro bono activist in causes of conscience.

The second part comprises assorted essays that analyse significant themes of finance, development and central banking as well as the defining aspects of colonial Indian economic history. It evaluates the mainsprings of economic growth, taking account of the contribution of Arthur Lewis, the Nobel Laureate and evaluates the political economy of aid. It argues the case for a constitutionally independent Federal Reserve Bank of India. It has an archival essay on an American economist, Ralph Whitenack, who figures as modern India’s pioneer economic adviser. It surveys the interface between economics and philosophy, including the economic philoso-phy of Joan Robinson, the eminent British economist and presents an agenda for inter-disciplinary collaboration.

 
   
  Reviews / opinions:    
 
   
 

"Anand Chandavarkar is a rare economist. He is a probing and profound scholar, writes with transparency and eloquence, and has many interesting things to say. His writings on Keynes are particularly fascinating and will attract a huge readership. This book is a gem; it should attract the attention of every serious economist."

Jagdish Bhagwati
University Professor, Economics and Law, Columbia University, USA

"This splendid wide-ranging collection of essays, based on a deep knowledge of history of economics and economic analysis reflect the long and useful life of its author as a teacher and researcher in academic and international organizations. His views are always balanced and fair. Shining through them all is his compassion and humanity."

G.C. Harcourt,
Emeritus Fellow, Jesus College, Cambridge, UK

Anand Chandavarkar displays his customary ability to "excite the judgement briefly rather than to inform it tediously" (Francis Bacon). He reveals entirely new aspects of Keynes and discusses illuminatingly not only economic, but also philosophical, anthropological, political, and historical questions. The book opens up entirely new vistas."

Paul Streeten,
Emeritus Professor, Boston University, USA and Emeritus Director,
World Development Institute

"Chandavarkar is India's foremost and finest scholar of Keynes. His earlier book, Keynes and India remains a classic. This new book adds to our knowledge and understanding of Keynes, and how Keynes' influence shaped the thinking of contemporary economists and events."

Tony Thirlwall,
Professor of Applied Economics, Keynes College, University of Kent,
Canterbury, UK.

   

ABOUT THE AUTHOR :

Anand Chandavarkar is graduate of the University of Bombay and the London School of Economics. He has served as an academic in India: Research Economist, Bank Award Commission, India; Director in the Reserve Bank of India; Assistant Director, the International Monetary Fund; Economic Adviser, Bank of Libya; Consultant to the Organization for Economic Cooperation and Development (Paris), the World Bank, and the Presidential Commission on Finance and Banking, Sri Lanka. He is the author of Keynes and India (Macmillan Press, 1989) and Central Banking in Developing Countries (Macmillan Press and St. Martin Press, 1996). He has published widely in leading academic and professional journals, including The Economic Journal, The Oxford Economic Papers, The Quarterly Journal of Economics and the Economic and Political Weekly, and also contributed to The Cambridge Economic History of India. He was an invited speaker at the Tenth Keynes Seminar at the University of Kent, Canterbury, England (1991) and the One Hundredth Annual Meeting of the American Philosophical Association, (Eastern Division), Washington D.C., 2003.


CONTENTS IN DETAIL :

Acknowledgements

I
The Unexplored Keynes

1. An Archival Pilgrimage to King’s College, Cambridge

2. Keynes Eponymous: A Reappraisal

3. Civil Servant Extraordinaire

4. The Saving Potential of Disguised Unemployment

5. The Nature and Effects of Gold Hoarding in Underdeveloped Economies

6. Keynes and Central Banking

7. Was Keynes a Development Economist?

8. Keynes and the Role of the State in Developing Countries

9. Keynes and the International Monetary System Revisited

10. The Young Keynes as a Social Philosopher (1900–1909)

11. Was Keynes Anti-Semitic?

12. B.P. Adarkar and Keynes: The Ganges and the Cam

13. A Fresh Look at Keynes: Robert Skidelsky’s Trilogy

II
A Post-Keynesian Miscellany

14. The Unexplored Richard Kahn: The Reclusive Sage

15. Elasticity of Demand for Gold in India

16. Legal Tender Currency and Public Debt

17. The Premium for Risk as a Determinant of Interest Rates in Underdeveloped Rural Areas

18. Arthur Lewis on Economic Growth

19. Money and Economic Growth

20. Of Finance and Development: Neglected and Unsettled Questions

21. Towards an Independent Federal Reserve Bank of India: A Political Economy Agenda for Reconstitution

22. Modern India’s Pioneer Economic Adviser: Ralph Whitenack

23. A Life in Political Economy: I.G. Patel

24. Joan Robinson on ‘Economic Philosophy’

25. Economics and Philosophy: Interface and Agenda

26. The Political Economy of Aid

27. Myth of Laissez faire in Colonial India

28. Dharma Kumar: A Pioneer Economic Historian

29. A Macroeconomic Whodunit: Keynesian or Monetarist?

Index

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