Of Economics, Policy, and Development
An Intellectual Journey
1st Edition
Published on 29. November 2012
Book
Hardback
480 pages
978-0-19-807898-2 (ISBN)
Description
This book is a collection of essays of Dr I.G. Patel, a distinguished economist and policymaker, on a wide range of issues related to theory and policy in the areas of money, finance, trade, balance of payments, and economic development. These essays provide insights in to Dr Patel's deep grasp of economic theory and econometric techniques. Modifying economic theory to solve the problems of India and other similarly situated countries, they reveal how macroeconomic theory predominant in developed countries assumed new meaning and dimension in the context of economic development. The articles contain a tapestry of ideas which are still relevant in the contemporary Indian and global economic setting.
More details
Language
English
Place of publication
New Delhi
India
Target group
Professional and scholarly
Students and scholars of development economics, money and finance, Indian economy, as well as policymakers and government agencies.
Dimensions
Height: 243 mm
Width: 162 mm
Thickness: 37 mm
Weight
796 gr
ISBN-13
978-0-19-807898-2 (9780198078982)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Persons
Deena Khatkhate, former assistant director at the International Monetary Fund, former senior consultant for the United Nations and the World Bank.
Y.V. Reddy, former Governor of Reserve Bank of India, currently Emeritus Professor at the Central University, Hyderabad.
Y.V. Reddy, former Governor of Reserve Bank of India, currently Emeritus Professor at the Central University, Hyderabad.
Content
LIST OF TABLES, FIGURES ; PREFACE ; ACKNOWLEDGEMENTS ; INTRODUCTION ; PART I: MONETARY AND CREDIT POLICY ; 1. DEMAND FOR MONEY DURING PERIODS OF INFLATION AND STABILIZATION ; 2. NATURE AND SIGNIFICANCE OF MONETARY POLICY AND ITS INSTRUMENTS ; 3. SELECTIVE CREDIT CONTROLS IN UNDERDEVELOPED ECONOMIES ; 4. SOME THOUGHTS ON MONETARY AND CREDIT POLICY ; 5. MONETARY POLICY REVISITED ; 6. COMMUNICATION POLICY OF CENTRAL BANKS ; PART II: GOLD POLICY ; 7. INDIA'S ELASTICITY OF DEMAND FOR GOLD ; 8. ON TURNING GOLD INTO BASE METAL ; PART III: ECONOMIC DEVELOPMENT AND PLANNING ; 9. EXPORTS BY COUNTRIES IN PROCESS OF INDUSTRIALIZATION ; 10. THE CHALLENGE FOR THE NEWLY INDUSTRIALIZING COUNTRIES ; 11. CAPITAL FORMATION IN PRIVATE CORPORATE SECTOR ; 12. PHYSICAL PLANNING ; 13. THE SECOND FIVE YEAR PLAN: A TENTATIVE FRAMEWORK ; 14. THE ROLE OF THE PUBLIC SECTOR IN A SMALL OPEN ECONOMY ; 15. THE FIRST FIVE YEAR PLAN OF CHINA (1953-1957): AN APPRAISAL ; PART IV. GROWTH, EQUITY, SOCIAL JUSTICE ; 16. THE SOCIALIST LEGACY ; 17. GROWTH, MODERNIZATION, SELF-RELIANCE, AND SOCIAL JUSTICE ; 18. EQUITY IN A MODERN SOCIETY ; 19. THE IDEA OF INDIA AS AN IDEAL ; PART V. ECONOMIC REFORM AND POLICY IN INDIA ; 20. THE VISION FOR A NEW INDIA ; 21. INDIA'S ECONOMIC REFORMS AND DEVELOPMENT ; 22. CURRENT UNEASE WITH INDIAN ECONOMIC REFORM ; PART VI. BANKING AND THE FINANCIAL SYSTEM ; 23. ROLE OF BANKS AND FINANCIAL INSTITUTIONS IN CORPORATE FINANCE ; 24. CAPITAL MARKET REGULATION ; PART VII. INTERNATIONAL ASPECTS ; 25. ROLE OF PL-480 SUPPLIES IN THE DEVELOPMENT OF INDIA ; 26. TRADE AND PAYMENTS POLICY FOR A DEVELOPING ECONOMY ; 27. LESSONS FROM THE MONETARY EVENTS OF 1971 ; 28. INDEBTEDNESS OF DEVELOPING COUNTRIES ; 29. A NEW INTERNATIONAL ECONOMIC ORDER? ; 30. THE ADJUSTMENT PROBLEM ; 31. PROTECTIONISM: ITS CAUSES AND MANIFESTATIONS ; PART VIII. MISCELLANY ; 32. PROFESSOR A.C.PIGOU: A MEMOIR ; 33. THE ADAM SMITH PERSPECTIVE ; 34. ADVISING THE ADVISERS ; EPILOGUE BY Y.V. REDDY ; REFERENCES