Economists From India

"The 'Mahalanobis Era' in statistics which started in the early twenties has ended. Indeed it will be remembered for all time to come as the golden period of statistics in India, marked by intensive development of a new technology and its applications for the welfare of mankind."

"Everybody knows him as the founder of the Indian Statistical Institute, the architect of the Second Five Year Plan, a close associate of Rabindranath Tagore and as one who had richly contributed to the social, cultural and intellectual life in Bengal. All those in the statistical profession were aware of his deep contributions to statistical theory, his efforts in providing a sound database to the Indian economy, and the part he played in placing India not far from the centre of the statistical map of the world. Those who have been closely associated with him have witnessed the indomitable courage and tenacity in fighting opposition for a good cause and clearing obstacles for propagating right principles."

"some evidence is available to indicate that, in India, an increase in the income of the poorer people leads to an increase in the size of the family; and also that this tapers off after a certain critical level of income is attained, and is followed by a reduction in the size of the family at higher levels of living When a sufficient number of people reach the critical income, there would be a gradual decrease in the average birth rate with further increase in income."

"Population in India is widely differentiated in ethnic composition, geographical and climatic conditions, social and cultural stratification, as well as by differences in economic status. Differential fertility therefore assumes a far more complex picture in India than anywhere in the world. Ethnic. geographical. socio-cultural and economic dilferences give a four-fold patterning with many complicated interactions. It is essential therefore to study different population groups separately."

"The transformation of the advanced countries to their present stage has been brought about by the acceptance of a scientific and rational view of life and nature. The scientific view has already permeated in a large measure the administrative organizations of the advanced countries. The scientific revolution, the social revolution and the industrial revolution are three aspects of the modernization of every society; these three aspects may be distinguished but cannot be separated. The rate of economic growth in every country is determined both directly and indirectly by the rate of progress of science and technology; directly through the utilization of the results of research and development, and indirectly through institutional changes brought about by the increasing influence of the scientific out-look and tradition."

"He sometimes spoke of "zero" as the symbol of the absolute (Nirguna Brahman) of the extreme monistic school of Hindu philosophy, that is, the reality to which no qualities can be attributed, which cannot be defined or described by words and which is completely beyond the reach of the human mind. According to Ramanujan the appropriate symbol was the number "zero" which is the absolute negation of all attributes."

"The spirit and outlook of 'Sankhya' will be universal, but its form and content must necessarily be, to some extent, regional. We shall keep the special needs of India in view without, however, restricting the scope of the journal in any way. We shall naturally devote closer attention to the collection and analysis of data relating to India, but we shall try to study all Indian questions in relation to world problems.... The study of modern statistical methods in its infancy in our country, and we do not expect to be able to achieve immediate results. We shall be satisfied if we can help by our humble efforts to lay the foundations for future work."

"Because demography is concerned with human affairs and human populatlons it is possible, in principle, to consider demography as a sub-field of many other subjects. It provided the scope of any particular subject-field like anthropology, genetics, ecology, economics, sociology, etc., and is defined in a sufficiently comprehensive manner. While not denying the possibility of considering demography as a sub-field of one or another subject, at least for certain special purposes, it is suggested that demography should be logically viewed as the totality of convergent and inter-related factors and topics which (although these could be, spearately, the concern of many difl'erent subjects like genetics and anthropology, sociology, education, psychology. economics, social and political affairs etc.) jointly, together with their mutual inter-actions, form the determinants as well as the consequences of growth (or decline), changes in composition, territorial movements, and social mobility of population in different geographical regions or in the world as a whole, at any given period of time, or over difl'erent periods of time. Such a view would supply an aggregative, inter-related, and mutually interacting system of all those factors which have any influence over, or are influenced by, demographic or population changes over space and time."

"India has a medieval and authoritarian structure of society and the tradition of science is not yet strong. The power of government officials is increasing as an inescapable result of the pervasive anthoritarian character of lndian society."

"In the absence of social awareness and appreciation of the scientific objectivity among sufficiently large number of civil servants or political leaders,the need of validity has not yet been accepted in the official statistical system in India. Ofcial statistics in India is treated as an integral part of the dministrative system which is regulated by the principle of authority. Approval of statistical estimates at a high level of authority is accepted as a bstitnte for validity in many ases there is continuing opposition to independent cross-hccks for the validity of the data. Officials have the feeling that two independent estimates, which might differ would be confusing and, in fact unthinkable; therefore independent cross-checks in statistics should be eliminated."

"In India, there's lack of appreciation of the need to cross-examine data, the responsibility of a statistician."

"Without the progress of equality and improvement in the level of living at least beyond the poverty line, for one quarter of the population of the world who live in South Asia, there would be grave repercussions on the rest of the world. The problem of the underdeveloped country is, in one sense, of greater concern to the advanced countries because international rivalries and tensions arise from the desire to establish spheres of influence over underdeveloped areas. The very existence of underdeveloped regions would he therefore a continuing threat to world security, and world peace. A quick transformation of the underdeveloped countries into industrialized economies would reduce the sphere of conflicting interests; and hence decrease the tension between East and West."

"We believe that the idea underlying this integral concept of statistics finds adequate expression in the ancient Indian work Sankhya in |Sanskrit the usual meaning is ‘number‘, but the original root meaning was ‘determinate knowledge’ in the Atharva Veda a derivative from Sankhyata occurs both in the sense of ‘well-known‘ as well as ‘numbered’. The lexicons give both meanings. Amarakosa gives Sankhya – vicarana (deliberation, analysis) as well as ‘number’; also Sankhyavan – panditah (wise, learned)."

"The methodological strategy of using the concept of rationality as an 'intermediary' is particularly inappropriate in arriving at the proposition that actual behaviour must be self-interest maximizing. Indeed, it may not be quite as absurd to argue that people always actually do maximize their self-interest, as it is to argue that rationality must invariably demand maximization of self-interest. Universal selfishness as actuality may well be false, but universal selfishness as a requirement of rationality is patently absurd."

"The position of welfare economics in modern economic theory has been a rather precarious one. In classical political economy there were no sharp boundaries drawn between welfare economic analysis and other types of economic investigation. But as the suspicion of the use of ethics in economics has grown, welfare economics has appeared to be increasingly dubious, It has been put into an arbitrarily narrow box, separated from the rest of economics."

"People's identities as Indians, as Asians, or as members of the human race seemed to give way — quite suddenly — to sectarian identification with Hindu, Muslim, or Sikh communities."

"I personally have great skepticism about the theories extolling the wonders of "Asian values." They are often based on badly researched generalizations and frequently uttered by governmental spokesmen countering accusations of authoritarianism and violations of human rights (as happened spectacularly at the in Vienna in 1993)."

"Since the conception of human rights transcends local legislation and the citizenship of the person affected, it is not surprising that support for human rights can also come from anyone—whether or not she is a citizen of the same country as the person whose rights are threatened. A foreigner does not need the permission of a repressive government to try to help a person whose liberties are being violated. Indeed, in so far as human rights are seen as rights that any person has as a human being and not as a citizen of any particular country, the reach of the corresponding duties can also include any human being, irrespective of citizenship."

"The enormous standing of Pareto optimality in welfare economics, as was argued earlier, relates closely to the hallowed position of utilitarianism in traditional welfare economics (before questions were raised about the possibility of interpersonal comparisons of utility). If interpersonal comparisons of utility are dropped, but nevertheless utility is regarded as the only thing of intrinsic value, then Pareto optimality would be the natural surviving criterion, since it carries the utilitarian logic as far forward as possible without actually making any interpersonal comparisons of utility."

"The behavioral foundations of capitalism do, of course, continue to engage attention, and the pursuit of self-interest still occupies a central position in theories about the workings and successes of capitalism. But in these recent theories, interests are given a rather different—and much more "positive"—role in promoting efficient allocation of resources through informational economy as well as the smooth working of incentives, rather than the negative role of blocking harmful passions."

""Where is the railway station?" he asks me. "There," I say, pointing at the post office, "and would you please post this letter for me on the way?" "Yes," he says, determined to open the envelope and check whether it contains something valuable."

"The Passions and the Interests does not have the policy urgency that a contribution to public decisions may enjoy (as Hirschman's The Strategy of Economic Development eminently does), nor the compulsive immediacy that the exigencies of practical reason generate (as Exit, Voice, and Loyalty superbly portrayed). What then is so special about this book? […] The answer lies not only in the recognition that Hirschman makes us see the ideological foundations of capitalism in a fresh way, but also in the remarkable fact that this freshness is derived from ideas that are more than two-hundred-years old. The basic hypothesis— the articulation and development of which Hirschman investigates—makes the case for capitalism rest on the belief that "it would activate some benign human proclivities at the expense of some malignant ones.""

"For Sen is an example of the Indian who becomes famous in the Great World and who wants to make sure that he can never be accused of what in India is called “communalism,” but which really means all those Hindus who are aware of their being Hindus, and aware too of what Islam did to India’s civilization of Hinduism, a way of life and thought rather than a religion as we understand it in the West."

"Amartya Sen is not Indian. He had lost his Indian-ness after he left his Bengali ex-wife and married two foreign females. He has lived abroad and only visits the country for a couple of months, which cannot make you Indian."

"Amartya Sen converted Nalanda into a club that promotes a certain variant of a modern political agenda in the service of a political party."

"Those who wish to be inspired by the glory of the British Empire would do well to avoid reading Adam Smith's The Wealth of Nations ... (pg. 164)"

"While most of the loot from the financial bleeding accrued to British company officials in Bengal, there was widespread participation by the political and business leadership in Britain: nearly a quarter of the MPs in London owned stocks in the East India Company after Plassey. (pg. 165)"

"I saw the first signs of famine in April 1943 - the so called "Great Bengal Famine" which would kill between 2 to 3 million people. Food prices had started rising quite sharply during 1942, the year before the famine. (pg. 114)"

"We investigated the working of a number of elementary schools from three districts of West Bengal… The problem is, in some ways, compounded by the fact that school teachers are now comparatively well paid – no longer the recipients of miserably exploitative wages... The salary of teachers in regular schools has gone up dramatically over recent years. This is an obvious cause for celebration at one level (indeed, I remember being personally involved, as a student at Presidency College fifty years ago, in agitations to raise the desperately low prevailing salaries of school teachers). But the situation is now very different. The big salary increases in recent years have not only made school education vastly more expensive (making it much harder to offer regular school education to those who are still excluded from it), but have also tended to draw school teachers as a group further away from the families of children, especially those from disadvantaged backgrounds. There is considerable evidence that the class barrier that deeply impairs the delivery of school education to the worst-off members of society is now further reinforced by the increase in economic and between the teachers and the poorer (and less privileged) children"

"The continuous cries for help - from children and women and men - ring in my ears, even today seventy-seven years later. (pg. 115)"

"Smith had no illusion that this would be easy to do, nor did he suffer from the delusion that such an exercise would, in any sense, be perfect. But he did have the conviction that the exercise could still be very useful, and the best should not be made into an enemy of the good."

"Smith distinguishes with great sophistication the different kinds of reasons people have in taking an interest in the lives of others, separating out sympathy, generosity, public spirit and other motivations. Even though he acknowledged the role of mental attitudes and predispositions, he went on to discuss how reasoning, which is at the heart of rationality, must have a big role in preventing us from being – consciously or unconsciously – too self-centred, or thoughtlessly uncaring."

"The case for combating debilitating inequality in India is not only a matter of social justice. Unlike India, China did not miss the huge lesson of Asian economic development, about the economic returns that come from bettering human lives, especially at the bottom of the socioeconomic pyramid. India’s growth and its earnings from exports have tended to depend narrowly on a few sectors, like information technology, pharmaceuticals and specialized auto parts, many of which rely on the role of highly trained personnel from the well-educated classes. For India to match China in its range of manufacturing capacity — its ability to produce gadgets of almost every kind, with increasing use of technology and better quality control — it needs a better-educated and healthier labor force at all levels of society. What it needs most is more knowledge and public discussion about the nature and the huge extent of inequality and its damaging consequences, including for economic growth."

"profits made by the East India Company [...] in Bengal, financed [...] wars that the British waged across India in the period of their colonial expansion. (pg. 164)"

"That austerity is a counterproductive economic policy in a situation of economic recession can be seen, rightly, as a “Keynesian critique.” Keynes did argue—and persuasively—that to cut public expenditure when an economy has unused productive capacity as well as unemployment owing to a deficiency of effective demand would tend to have the effect of slowing down the economy further and increasing—rather than decreasing—unemployment. Keynes certainly deserves much credit for making that rather basic point clear even to policymakers, irrespective of their politics, and he also provided what I would call a sketch of a theory of explaining how all this can be nicely captured within a general understanding of economic interdependences between different activities... I am certainly supportive of this Keynesian argument, and also of Paul Krugman’s efforts in cogently developing and propagating this important perspective, and in questioning the policy of massive austerity in Europe. But I would also argue that the unsuitability of the policy of austerity is only partly due to Keynesian reasons. Where we have to go well beyond Keynes is in asking what public expenditure is for—other than for just strengthening effective demand, no matter what its content. As it happens, European resistance to savage cuts in public services and to indiscriminate austerity is not based only, or primarily, on Keynesian reasoning. The resistance is based also on a constructive point about the importance of public services—a perspective that is of great economic as well as political interest in Europe."

"Ambedkar is my Father in Economics. He is true celebrated champion of the underprivileged. He deserves more than what he has achieved today. However he was highly controversial figure in his home country, though it was not the reality. His contribution in the field of economics is marvelous and will be remembered forever..!"

"Central to the Smithian approach is our willingness to see critically what we observe around us. The sense of comfort that is often associated with being content with the world as it is can seriously hamper the pursuit of justice. This understanding goes strongly against a line of thought that was powerfully presented by Friedrich Nietzshe. ‘The Christian resolve to find the world ugly and bad has made the world ugly and bad’, said Nietzshe. I think I can, with some effort, understand what Nietzsche meant, but it is hard for me, even with a lot of effort, to see that Nietzshe’s hypothesis helps us to understand the causation or resilience of the nastiness of the world in which we live. Nor, I must insist (this I do as a thoroughly unreligious person), does it offer any obvious insight into the lives and achievements of Martin Luther King, or Mother Theresa, or Desmond Tutu, who have tried to reduce injustice in the world and have done so with non-negligible success."

"The approach presented in my book The Idea of Justice shares the general Enlightenment interest in relying on reasoning in general and public reasoning in particular, and in this respect there is something very substantially in common between the two alternative disciplines of reasoning that emerged from the intellectual climate of the Enlightenment period, that is, between the Hobbesian and Kantian reasoning (with its successors today, such as the Rawlsian social contract approach) and the reasoning of Smith and Condorcet (with its successors today, such as normative social choice theory)."

"The global reach of Smith's moral and political reasoning is quite a distinctive feature of his thought, but it is strongly supplemented by his belief that all human beings are born with similar potential and, most importantly for policymaking, that the inequalities in the world reflect socially generated, rather than natural, disparities. There is a vision here that has a remarkably current ring. The continuing global relevance of Smith's ideas is quite astonishing, and it is a tribute to the power of his mind that this global vision is so forcefully presented by someone who, a quarter of a millennium ago, lived most of his life in considerable seclusion in a tiny coastal Scottish town. Smith's analyses and explorations are of critical importance for any society in the world in which issues of morals, politics and economics receive attention. The Theory of Moral Sentiments is a global manifesto of profound significance to the interdependent world in which we live."

"What has been called 'the financial bleeding of Bengal' began very soon after Plassey. (pg. 164)"

"To ask how things are going and whether they can be improved is a constant and inescapable part of the pursuit of justice."

"Rawls’s analysis of fairness, justice, institutions and behaviour has illuminated our understanding of justice very profoundly and has played – and is still playing – a hugely constructive part in the development of the theory of justice. But we cannot make the Rawlsian mode of thinking on justice into an intellectual ‘stand-still’. We have to benefit from the richness of the ideas we have got from Rawls – and then move on, rather than taking a ‘vacation’. We do need ‘justitia’, not ‘justitium’."

"Rather, it is the firmly ‘open’ outlook, which Smith’s ‘impartial spec tator’ invokes, that may be in some need of reassertion today. It can make a substantial difference to our understanding of the demands of impartiality in moral and political philosophy in the interconnected world in which we live."

"Reasoning is a robust source of hope and confidence in a world darkened by murky deeds – past and present. It is not hard to see why this is so. Even when we find something immediately upsetting, we can question that response and ask whether it is an appropriate reaction and whether we should really be guided by it. Reasoning can be concerned with the right way of viewing and treating other people, other cultures, other claims, and with examining different grounds for respect and tolerance."

"Being smarter may help the understanding not only of one’s self-interest, but also how the lives of others can be strongly affected by one’s own actions."

"No less importantly, intellectual probing is needed to identify deeds that are not intended to be injurious, but which have that effect..."

"The force of a claim for a human right would indeed be seriously undermined if it were possible to show that it is unlikely to survive open public scrutiny. However, contrary to a commonly offered reason for scepticism and rejection of the idea of human rights, the case for it cannot be discarded simply by pointing to the fact – a much-invoked fact – that in repressive regimes across the globe, which do not allow open public discussion, or do not permit free access to information about the world outside the country, many of these human rights do not acquire serious public standing."

"Even though in the approach presented here principles of justice will not be defined in terms of institutions, but rather in terms of the lives and freedoms of the people involved, institutions cannot but play a significant instrumental role in the pursuit of justice."

"...a theory of justice that can serve as the basis of practical reasoning must include ways of judging how to reduce injustice and advance justice, rather than aiming only at the characterization of perfectly just societies – an exercise that is such a dominant feature of many theories of justice in political philosophy today."

"To what extent reasoning can provide a reliable basis for a theory of justice is, of course, itself an issue that has been subject to controversy."