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April 10, 2026
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"Coupled with the problems that have been raised against all homeland candidates, these issues have caused me conclude that, in the absence of radically new evidence or approaches to the presently available evidence, theories on the homeland of the Indo- European speaking peoples will never be convincingly proven to the satisfaction of even a majority of scholars."
"After these elements have been adequately processed and acknowledged, we can move forward, hopefully somewhat free from the ghosts of the past, to reexamine the actual evidence from the perspectives of our own present-day postcolonial academic culture."
"Suspicion of the theory based on scriptural testimonyâor lack thereofâremains an explicit or implicit factor in much Indigenous Aryan discourse."
"The Rgvedic texts were read in the political context of nineteenth-century philology, which has been outlined in chapter 1. This certainly influenced the choice of possible inter- pretations placed on such words as andsa and on the battles of the Aryas and the Dasas. The racial interpretations extrapolated from the texts to support an Aryan migration have been justly challenged by both Indian and, albeit after the lag of a century, Western scholars. Their place in serious discussions of the Indo-Aryan problem is highly questionnable."
"There is ample evidence of foreign personages and tribes in the Vedic period. Kuiper lists some twenty-six names of Vedic individuals who have non-Indo-Aryan names, with which Mayrhofer concurs. Witzel points out that twenty-two out of fifty Rgvedic tribal names are not Indo-Aryan, with a majority of them occurring in later books."
"Many of die foreign terms for flora and fauna could simply indicate that these items have continually been imported into the subcontinent over the centuries, as continues to be the case today. The exception to this is place-names and river names, but the absence of foreign terms for the topography and hydronomy of the Northwest deprives us of significant evidence that has been used to establish substrata elsewhere."
"This raises the immediate objection that if archaeology cannot trace any consistent material culture identifiable as Indo-Aryan arriving into the subcontinent from outside, it most certainly cannot identify any such culture emanating out. Accordingly, as far as archaeology is concerned, we have reached a stalemate (although from a Migrationist perspective there is, arguably at least, some kind of chronological sequence of archaeological culture that at least heads toward the general direction of the subcontinent, even if it does not penetrate it). Ultimately, however, the Aryans cannot be satisfactorily identified in the archaeological record as either entering or exiting. The trajectory of the Indo-Aryans, indeed the necessity of their very existence, is a linguistic issue that archaeology, as most archaeologists are well aware, cannot locate in the archaeological record without engaging in what, to all intents and purposes, amounts to special and often complicated pleading. On the basis of the present evidence, linguistics cannot decisively determine with any significant degree of consensus where the original home- land actually was. And archaeology can only hope to be productive in identifying the material remains of a linguistic group if linguistics has already done the groundwork of pinpointing its geographic area of origin with a reasonable degree of precision."
"Accordingly, archaeology cannot deny the possibility that Indo-Aryan and Iranian (which were preceded by Indo-Iranian) languages might have been spoken in the area of the Punjab, Pakistan/Afghanistan, southeast central Asia/northeast Iran since the second, third or even fourth millennium B.C.E. The problem is chronological. In fact, archaeologically at least, South Asian archaeologists often draw attention to a cultural continuum that can be traced as far back as Mehrgarh in the seventh millennium B.C.E. within which innovations and developments can be explained simply by internal developments and external trade. If there were no constraints stemming from the date commonly assigned to the Veda, this whole area could have included urbanites and agriculturists from the South, as well as nomads and pastoralists from the North, interacting together in the millennia B.C.E. as they always have been and still do in the present day. Both steppe dwellers and urban farmers could have been speakers of related Indo-Iranian dialects in protohistory just as they are today and have always been in recorded history. There could have been invasions, migrations, trade, cultural exchanges, all manner of interactionsâcultural evolution and devolution (followed sometimes by renewed evolution)âas well as all manner of diversification in chronological time. And all within a large, heterogeneous ethnic and cultural area of people who nonetheless spoke related dialectsâwhether living in towns, mountains, or agricultural plainsâjust as has always been die history of the subcontinent."
"In my view, the references connected with the fourth millennium B.C.E. date, although intriguing, are too speculative to be used as substantial evidence. In the post- 2500 B.C.E. period, however, the quality and quantity of references supporting the position of the sun in Krttika at the vernal equinox are more substantive. They should be given due consideration as a serious possibility. They are as valid a chronological indicator as anything else that has been brought forward to date the Vedic texts. But they cannot win the day in and of themselves without additional, outside support."
"But attention must also be given to the possibility that, in addition to the Indigenist discourses of the nationalists, there might be many other scholars who sincerely believe that the Aryan invasion theory is a seriously flawed historical construct produced by biased imperial powers with overt agendas of their ownâin other words, that it was, and is, perceived as "bad history." Consideration must also be given to the perception of many Indian scholars that Europeans might have constructed the idea of an external home of the Aryans to "pander to a false sense of national pride" of their own. No doubt voices challenging the theory of Aryan invasions were, and are, often co- opted and even, in certain cases, initiated and sponsored by nationalist and communal elements, but a wide range of motives have inspired Indian scholars to challenge the idea of Aryan invasions or migrations. Not all historical "revisionism," by which I in- tend the literal meaning of the word in the sense of "reexamination," is necessarily nationalist nor, most certainly, communal a priori. Perhaps the use of the term ^revisionism would illustrate the point: let us not forget that it was Europeans who originally "re- vised" India's Brahmanical notions of history and then imposed their version of events on their subjects. While I do not intend to minimize or gloss over the importance of this issue to Hindu nationalism, my reading of the Indigenous Aryan school is that its concerns are also to a great extent anti-imperial and anticolonial: it is determined to review the revision. Not all who share this concern are necessarily also impelled to find reason to consider themselves the original inhabitants of India so as to enhance their social legitimacy vis-a-vis other communities on the subcontinent."
"However, in such generalizations, distinctions are often not made between communal revisionism and postcolonial reconsideration, and a kind of uncritical McCarthyism has developed in some quarters toward those who favor the Indigenous Aryan point of view, despite the fact that this view is on the ascendancy in India (or, perhaps, as a consequence of it) irrespective of the motives and backgrounds of those interested in this issue."
"The bitterness, antipathy, and sarcasm seeping from the pens of participants in this debate (from both sides of the fence) when referring (increasingly by name) to those holding opposing views is apparent for all to see"
"In a progressive academic context, differences of opinions, however radical, challenge scholars to constantly reexamine their views, assumptions, and methods. This is the lifeline of healthy scholarship. But in the present academic climate in the subcontinent, it has become increasingly difficult, particularly for Indian scholars, to discuss the pre- history of the subcontinent in a rational, objective way without becoming associated with the ideologies that are immediately correlated with pro- or contra- stances for or against the Indigenous Aryan issue. This works to the obvious detriment of expanding and developing a nuanced understanding of the early history of the subcontinent."
"Casting off the legacies of colonialism opens up exciting new possibilities for the understanding of Indian protohistory, provided the constraints of the colonial period are not replaced with an equally constraining insistence on a different ideologically driven reading of the historical evidence, whatever that ideology might be."
"Since there is a tendency to stereotype any local reconsiderations of ancient Indian history whatsoever as nationalist or communal, the purpose of this chapter is to suggest that a wide variety of motives inspire Indian scholars to revisit the topic of Indo-Aryan origins: it is erroneous to lump them all into a simplistic, hastily identified and easily demonized Hindutva category."
"One must be cautious about contributing to a sort of Indological McCarthyism whereby anyone reconsidering or challenging long- held assumptions pertaining to the Indo-Aryans is instantly dubbed a fundamentalist or nationalist or, more drastically, is accused of contributing to Nazi agendas. There is a tendency in Western, and in elements of Indian, academic circles to a priori stereo- type everyone reconsidering this aspect of Indian history in such ways"
"Scholars such as Renfrew and Gamkrelidze and Ivanov can radically challenge established Indo-European homeland theories in the West, but the academic culture in India has developed to the point that anyone attempting to even question established paradigms in early South Asian history is in danger of being dubbed a Nazi. Such a culture has been created as much by remarks made in a generic fashion by some of the opponents of the Indigenous Aryan school as by the bigoted statements of certain Hindu nationalist "Indigenists." It is obviously unconducive to the pursuit of impartial scholarly research that is making at least some effort to be objective."
"This all goes to show that ideological analysis, while indispensable in a historiographical study such as this, must refrain from straitjacketing individuals into convenient and easily identified stereotypes or groupings."
"This raises another dimension that the Indigenous Aryan critique forces us to confront: What constitutes authority in areas of knowledge, particularly where the evidence is sometimes as malleable, scanty, and inconclusive as much of that concerning the Indo-Aryans?"
"Philology and linguistics can actually offer surprisingly little to compel disenchanted Indian scholars to modify their suspicions of the ability of these disciplines to make authoritative pronouncements on the origins of the Indo-Aryan-speaking peoples in prehistory."
"It was the testimony of the Bible that originally led scholars to propose the existence of a linguistically unified group of people living somewhere near the Caspian Sea, a subset of whom emanated forth and entered India. And it is the testimony of the Rgveda that is used to deny that any such people ever entered from any such place. The Bible laid the groundwork for the construction of the Aryan invasion theory, and the Rgveda has been the principal foundation for attempts at its deconstruction."
"Although European scholars have long since forgotten the biblical roots of the Aryan problem, Old Testament narrative was certainly an initial factor causing European scholars to interpret the data in selective ways. One must bear in mind that European notions of human history had been based on Genesis for the better part of a millennium and a half. This formative influence was strengthened and then superseded by research intimately connected with the specific political exigencies extant in nineteenth-century Eu- rope. This combination of factors contributed to the development of various assumptions concerning Indo-Aryan (and Indo-European) origins, some of which have remained by and large unquestioned, outside of India, to this very day."
"However, the interpretation of evidence being presented by the Indigenous Aryan group cannot be opposed because of the Hindutva element: that would equally be allowing ideological beliefs to manipulate historical interpretation. Critical scholarship is man- dated to attempt to detach debate on this topic from political orientations concerning personal visions for a modern Indian nation-state."
"Nonetheless, a principal motive of many Indian scholars in this debate is the desire to reexamine the infrastructure of ancient history that is the legacy of the colonial period and test how secure it actually is by adopting the very tools and disciplines that had been used to construct it in the first place. The Aryan invasion theory is a major foundation stone of ancient Indian history, the "big bang," and has therefore attracted the initial attention of many Indian scholars."
"But frustrating as it might some- times be, Western scholars must address the suspicions of the Indigenistsâat least of those that are open to dialogue and exchangeâgiven the neccessity of examining our own attitudes and biases made incumbent on us by the Orientalist critique. The post- colonial climate is a sensitive one, and it should be obvious why there might be very good reasons for Indian scholars to want to reevaluate the version of Indian history that was constructed during the colonial period. One cannot ignore or dismiss the sentiments and opinions of significant numbers of scholars about the history of their own country. And it is never a bad exercise to have one's own assumptions challenged, or to step out of one's own time-worn paradigms momentarily so as to consider things from other perspectives."
"It is imperative, from the Indian side, that the powers that be in Indian universities must recognize the need for historical Indo-European linguistics in their humanities departments if they are to make significant contributions to the protohistory of their subcontinent. Indo-European studies should, if anything, be an Indian forte, not exclusively a European one; many Indian scholars have a distinct head start due to their advanced knowledge of Sanskrit, which still plays a fundamental and extensive role in this field. In particular, it is simply unacceptable that research into substratum influence in Sanskrit texts has primarily been the preserve of a dozen or so Western scholars, however qualified. Vedic, Dravidian, and Munda are Indian languages; this should be a field dominated by Indian linguists. That their input has been so negligible in the one area that could determine much about the whole protohistory of the subcontinent is lamentable. One cannot simply ignore the linguistic evidence. If nothing else, I hope my work has underscored the need for facility to be directed into this field. Much of the literature from the Indigenous Aryan side, and also from the Indian Migrationist side, is hopelessly inadequate from the perspective of linguistics. This has understandably caused the Indigenist point of view to be neglected in toto, to the detriment of the more scholarly, sober, and cogent voices espousing this version of events."
"Neglected viewpoints do not disappear. They reappear with more aggression due to frustration at being ignored. The Indigenous Aryan viewpoint has been around for over a century. It has been stereotyped and, on the whole, summarily dismissed and excluded from academic dialogue. It has hovered, until recently, on the periphery or outside of mainstream academic circles. Since, over the course of the last decade, it has become representative of many scholars within the Indian academy, it is now clamoring for attention more than ever before. It deserves a response articulated in a rigorously critical but fair and respectful fashion. If the claims of the Indigenous Aryanists cannot be decisively disproved, then they cannot be denied a legitimate place in discussions of Indo-Aryan origins. The opinions of significant numbers of Indian intellectuals about the history of their own country cannot simply be ignored by those engaged in research on South Asian history or be relegated to areas outside the boundaries of what is con- sidered worthy of serious academic attention."
"That the early inhabitants of India are still being construed as non-Aryan, snub-nosed dasas on the grounds of the solitary word anasa is astounding, and yet such theories have only very recently been questioned in the West, after a life span of a century and a half. When theories become sufficiently long-lived and commonplace, they cease to strike one as theoretical and can often be- come the facts and building blocks of subsequent realities."
"I trust I may be forgiven for not coming to a clear conclusion myself. Until the script is deciphered, the presently available data are not sufficient to resolve the issue in my mind. The Indo-European languages came from somewhere between the Caspian Sea area (and the Balkans) and northwest South Asia. I do not feel impelled to favor any particular area in this vast expanse: all homeland proposals (not least of all South Asian ones) have significant problems, as I have attempted to outline throughout this work. The Indigenous Aryan critique has certainly influenced my own agnosticism."
"In India, in particular, many scholars understandably are committed to exerting a major role on the construction and representation of the history of South Asia, and this to a great extent involves revisiting and scrutinizing the versions of history inherited from the colonial period."
"These chapters give a good sense of the range of what has been termed ârevisionistâ scholarship (I do not use this term with the derogatory sense that it has accrued, but in its literal sense of scholarship that is prepared to revise, that is, revisit and reconsider theories and versions of history formulated over the last two centuries)."
"Indeed, one might well wonder how much research would have been invested in the Indo-European problem in the first place, had it not been for its relevance to European imperialism and nationalism."
"In conclusion, any objective and honest attempt at presenting a comprehensive account of the pre-historic period in South Asia should give a fair and adequate representation of the differences of opinion on this matter, as well as of the criticisms that can be levied against any point of view."
"The Indo-Aryan problem is likely to remain unresolved for the foreseeable future, so we might as well attempt to address it in a cordial fashion."
"This is not the place to dwell on these debates, as important as they are. We will find a good overview in the very well informed and very balanced book by Edwin Bryant which, moreover, demonstrates that, all things considered, no scientific argument allows us to choose between the theses of Indian or extra-Indian origin of the Äryas and, consequently, of the Indo-Europeans... To anyone who doubts the fact that the commonly accepted opinion in the West on the origin of i-e language peoples is based primarily on an intuition that is difficult to demonstrate, I would recommend reading E. Bryant's book. We can clearly see that the debate resurfaces from generation to generation."
"One seeking to understand the recurrent ebb and flow of economic activity characteristic of the present day finds these numerous explanations both suggestive and perplexing. All are plausible, but which is valid? None necessarily excludes all the others, but which is the most important? Each may account for certain phenomena ; does any one account for all the phenomena ? Or can these rival explanations be combined in such a fashion as to make a consistent theory which is wholly adequate?"
"This book offers an analytic description of the complicated processes by which seasons of business prosperity, crisis, depression, and revival come about in the modern world. The materials used consist chiefly of market reports and statistics concerning the business cycles which have run their course since 1890 in the United States, England, Germany and France."
"In physical science and in industrial technique... we have emancipated ourselves... from the savage dependence upon catastrophes for progress... In science and in industry we are radicalsâradicals relying on a tested method. But in matters of social organization we retain a large part of the conservatism characteristic of the savage mind..."
"I began studying philosophy and economics about the same time. The similarity of the two disciplines struck me at once. I found no difficulty in grasping the differences between the great philosophical systems as they were presented by our textbooks and our teachers. Economic theory was easier still. Indeed, I thought the successive systems of economics were rather crude affairs compared with the subtleties of the metaphysicians. Having run the gamut from Plato to T. H. Green (as undergraduates do) I felt the gamut from Quesnay to Marshall was a minor theme. The technical part of the theory was easy. Give me premises and I could spin speculations by the yard. Also I knew that my 'deductions' were futile..."
"Nationalism is a state of mind permeating the large majority of the people and claiming to permeate all its members; it recognises the nation-State as the ideal form of political organization and the nationality as the source of all creative cultural energy and economic well-being. The supreme loyalty of man is therefore due to his nationality, as his own life is supposedly rooted in and made possible by its welfare."
"The means determine the goal. If lies and violence are the means, the results cannot be good.... We have been in Palestine for twelve years [i.e. since the 1917 without having even once made a serious attempt at seeking through negotiations the consent of the indigenous people.... I believe that it will be possible for us to hold Palestine and continue to grow for a long time. This will be done first with British aid and then later with the help of our own bayonets -- shamefully called Haganah [defense] -- clearly because we have no faith in our own policy. But by that time we will not be able to do without the bayonets. The means will have determined the goal. Jewish Palestine will no longer have anything of that Zion for which I once put myself on the line."
"Banks lend by creating credit. They create the means of payment out of nothing."
"Scientific treatment of the subject of currency is impossible without some form of the quantity theory ⌠but the quantity theory by itself is inadequate, and it leads up to the method of treatment based on what I have called the consumersâ income and the consumersâ outlay â that is to say, simply the aggregates of individual incomes and individual expenditures."
"The total effective demand for commodities in the market is limited to the number of units of money of account that dealers are prepared to offer, and the number they are prepared to offer over any period of time is limited according to the number they hope to receive."
"The use of money does not disestablish the normal process of creating credit. Money, it is true, is always being paid into the banks by the retailers and others who receive it in the course of business, and they of course receive bank credits in return for the money thus deposited. But for the manufacturers and others who have to pay money out, credits are still created by the exchange of obligations, the banker's immediate obligation being given to his customer in exchange for the customer's obligation to repay at a future date. We shall still describe this dual operation as the creation of credit. By its means the banker creates the means of payment out of nothing, whereas when he receives a bag of money from his customer, one means of payment, a bank credit, is merely substituted for another, an equal amount of cash."
"Indeed it would have been a mean-spirited course to go back on the century-old standard on account of so trifling a premium on gold, a premium which, as it turned out, the action of the market wiped out in a few months, before any of the provisions of the Act of 1819 had come into operation."
"Man is a rational animal, and if human affairs are hard to regulate, his twofold nature is usually the cause. Reason is something ultimate; it would be the same in another planet, or in another universe, as it is here. Animal nature is something contingent; it might have been different. Our life is a compromise, a blend between the animal and the rational."
"If each member of society can be induced or impelled to do his allotted task by associating it with some motive that appears to him adequate, then he need never know how he is contributing to the real end, and need not even be aware of the end at all. It is this problem of organization that we shall call the Economic Problem. It is in fact the real subject matter of political economy."
"Economic theory, in every branch, deals with practical affairs. Its subject is human welfare, and it is never entirely dissociated from the practical question of how human welfare is to be promoted. But it is a special characteristic of the art of central banking that it deals specifically with the task of an authority directly entrusted with the promotion of human welfare. Human welfare, human motives, human behaviour supply material so baffling and elusive that many people are sceptical of the possibility of building a scientific edifice on so shifting a foundation. But however complex the material, and however imperfect the data, there is always an advantage to be gained from systematic thought."
"To unstable money are to be traced nearly all our economic troubles since 1918: the unemployment of the inter-war period; the over-employment and scarcity of labour since the Second World War; the labour unrest incidental to perpetual wage demands; the hardships and dislocation caused by the declining value of small savings, annuities and endowments; the vexation of continual price rises even for those whose incomes on the whole keep pace with them; the collapse of the prices of Government securities through distrust of the unit in which they are valued."