25th July 2010
A list of good Indian economists
The purpose of this list
Everyone in India must be economics literate. Else India is doomed to repeat its mistakes again, and again. I therefore advocate a dramatic increase in economics education in India. I’m listing below Indian economists whose work should form the basis of a program in economics eduction in India.
Courses in economics should include the world’s best economists (particularly Hayek) [see also my list of the world’s best living economists]. This work of these Indian economists should (in my view) be included in reading lists for undergraduates. Note that I’m not restricting to “qualified” economists. I don’t support all work of the economists listed here, but that shouldn’t detract from their contributions.
I’m happy to add more names: If you think I’ve excluded any major economist, please make recommendations through the comments section (please exclude leftist “economists” – of which there are too many in Indian colleges, universities, and “Planning Commission”). The list is in alphabetical order by first name. Not all economists listed are alive.
Chanakya, the world’s first and India’s greatest economist
Chanakya (Kautilaya). See this blog post for his works and discussion re: his work. Over the past two years I’ve shifted my view on Chanakya and now believe if his ideas are better understood, India can overthrow the fools and socialists who govern India.
Professional Economists (not just PhD in Economics, but published in peer reviewed journals)
- Bellikoth Shenoy – the doyen of Indian economists
- Sudhir Jayantilal Mulji (1938-2005)
- Deepak Lal
- Jagdish Bhagwati [see my comment here]
- Nirvikar Singh
- Avinash Dixit
- T. N. Srinivasan
- Pranab Bardhan
- Subroto Roy
- Meghnad Desai
I’VE DEMOTED DEEPAK LAL AND JAGADISH BHAGWATI. SEE DETAILS HERE.
Good economic thinkers (not necessarily with PhD in Economics).
Most of these have published extensively but not in academic peer reviewed journals.
- Ashok Desai
- Parth Shah
- Bibek Debroy [I now question his understanding of public choice – on watching brief]
- Barun Mitra
- Sharad Joshi
- Swaminathan S. Anklesaria Aiyar
- Gurcharan Das
Atanu Dey (PhD Eco)
Budding young economists
- Balakrishnan Chandrasekaran (Planning Commission)
Yazad Jal(USA) – no further contributions so deleted.
Candidates under review
I’m not familiar with all Indian economists. The following are interesting candidates for inclusion in this list:
Surjit Bhalla(not an economist worth considering, given his magical claims about the effects of demonetisation; has ABSOLUTELY no clue about the incentives that operate in the goverance system).
- Suresh Tendulkar – on watching brief. Have not been persuaded about him yet.
International Indian Economists Association
I’m thinking of reviving the International Indian Economists Association I started in 1999 (but which came to a premature halt due to my severe RSI). Please let me know if you wish to participate in the revival of the association.
FREQUENTLY ASKED QUESTIONS
1) Why is Amartya Sen not listed here?
I’ve often been asked this, so I’ve explained at length here.
2) Why is Kaushik Basu not listed here?
See details here.
3) Why is Montek Singh Ahluwalia not listed here?
See details in my blog post: Montek, you’re a fool if you imagine you can “predict” inflation