EVOLUTION OF ECONOMIC IDEAS
Smith to Sen and Beyond
Vinay Bharat Ram
Oxford University Press
184 pages; Rs 495
Over the years, there have been many books that have attempted to trace the history of economic thought. After the financial crisis of 2008, this particular strand of work has gained even more prominence, with economists of all hues looking back to explore the ideas and the underlying assumptions that have come to form the bedrock of the profession.
A recent such attempt that comes to mind is that of Professor Meghnad Desai. In Hubris, Mr Desai attempts to answer a simple question:
