This is the concluding part of a six-part series on India’s pre-Independence economists and how they have been forgotten by us. The series was based almost entirely on the collection of essays by pre-Independence economists put together by the economic historian, J Krishnamurti, in a 2009 volume called Towards Development Economics.
The question arises: Why were pre-Independence Indian economists unable to provide a socially rooted framework for economic analysis? After all, their counterparts in the West had done precisely that.
One possible answer is that Western economists were seeking to analyse and explain the consequences of the Industrial Revolution. Indian economists,
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