at economists home and abroad

295 Pages·2003·12.56 MB·English

ECONOMISTS
AT HOME AND ABROAD
ISSUED By
S. KESA VA IYENGAR
Director
THE INDIAN INSTITUTE OF ECONOMICS
(In which is incorporated tbe Hydcmbad Economic Association)
HYDERABAD·DECCAN (INDIA)
STOCKISTS
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Messages
DR. S. RADHAKRISHNAN
Vice-President,
The Indian Republic. August 11, 1953.
1 send you my best wishes for the success of the EcoNOMISTS AT HOM6
AND ABROAD. I wish it every success.
SHRI V. T. KRISHNAMACHARI
Deputy President,
Central Planning Commission. August 12, 1953.
1 welcome your publication ECONOMISTS AT HOMF. AND ABROAD
the first of its kind in India. It will be a useful book for reference,
giving economists information about co-workers elsewhere and enabling
them to establish valuable personal contacts.
SIR M. VlSVESVARAYA August 12, 1953.
I send my best wishes for the success of your efforts.
iv
DR. B. RAMAKRISHNA RAO
Chief Minister,
Hyderabad. August 25, 1953.
I congratulate Prof. S. Kesava Iyengar on tbe very useful Publication
that he is bringing out under the title .. Economists At Home and
Abroad". I understand tbe Publication will contain information about
Economists both theoretical and practical, who are working in the
field of Economics botb in tbis country and outside. I am sure tbe
book will be useful for Economists all over the world and enable tbem
to know something about one another, and pave tbe way for inter
change of useful ideas and international collaboration in the field of
Economics.
PROFESSOR JAMES WASHINGTON BELL
Secrelary-Treasurer,
The American Economic Association. July 21, 1953.
GREETINGS!
On behalf of my colleagues in the American Economic Association I
send you greetings, and on the occasion of the publication of ECONOMISTS
AT HOME AND ABROAD, our best wishes for its successful reception.
So far as I know, this volume is the first of its kind in the East and it
should become a welcome guide to those of us wbo have made futile
efforts to learn who our colleagues are in India, and to all wbo may
find use for the information it contains. It should lead to closer
rapprochement and co-operation within the Economics profession.
v
ARTHUR W. ASHBY
LolUion. Augus, 19, 1953.
GREETINGS!
Perhaps no country In the world has more to gain from the develop
ment and application of Applied Economics than India. As an Agricultural
Economist, representing one of the most important branches of Applied
Economics, I heartily welcome the project of publishing a record of .. Eco
nomists at Home and Abroad". Howe er scientific we may endeavour
to make our studies in Economic, "personalitie keep on breaking
through". So it is often useful to know how Economists grew and developed
in academic, scientific and practical activities. There may be justified hope
that students and young workers in Economics will find in these records both
useful information and inspiration. and that other people may find much
guidance to development of economic thought and knowledge. In particular,
if workers in any branches of Economics in India find herein useful informa
tion or inspiration. the work of contributors. editor and publisher will be
• eminently justified. 1t is very appropriate that the President of the Indian
Economic Association, Professor S. Kesava Iyengar of Hydcrabad-Deccan
State, who has worked so long and 0 faithfully in Economics, should be
the initiator and organiser of this project.
MISS J. EGGERT
Secrerary,
Commerce Department,
University of Melbourne. August 4, 1953.
I hope your book will have the success it undoubtedly deserves, and
help to achieve international understanding which is of such paramount
importance in these troubled times.
vi
DR. HAROLD H. MANN
Woburn Experimental Station,
England. August 9, 1953.
The transformation of Economics during the last fifty years has been
complete. Then it was the "dismal science" very largely based on
theoretical discussions of what would or should happen to • economic
man' under specified circumstances. Now it consists of first hand
investigations into what does actually happen to real men under economic
stresses. ] am glad to have had something to do with this change of
attitude in India, a change which has led to a very general increase in
public interest in the work of economists both in India and in other
parts of the world.
The publication of the present volume is an evidence of this increase
in general interest, and 1 wish it very great success in still further increasing
that interest and in leading to more and more first hand investigations
of actual conditions among the mass of the people both in India and·
elsewhere. I wish the volume a great sale and a great success.
FOREWORD
The Hyderabad Economic Association and the In titute of Economic.
Hyderabad (On.), have just been amalgamated and the new Organisation
is named "The Indian Institute of Economics (in which is incorporated
the Hyderabad Economic Association)"'. As the Pr.-sident of this Institute,
it gives me great pleasure to write-a few lines as Foreword. A glance
through these pages reveal the great service Professor S. Kesava Iyengar
has rendered to the cause of Indian Economics by bringing out thi
publication. Although there have been some Economic Associations in
the country for a few decades, no such compilation waS made. and I
believe the Planning Commission should find this volume very serviceable
in locating economists (academic and applied) in different parts of the
country. I have no doubt that this \olume will exert valuable centripetal
force towards bringing economic thinkers and workers in the country
closer. and by enabling Governments in the country to know about them.
The information about numerous other countries should prove highly
useful: it almost looks like a publication by the UNO.
The Hyderabad Government's loss in the retirement of Profes or
Iyengar has been more than counter-balanced by the country's gain: the
valuable work done by him in the Tenancy Enquiries last year. and through
this publication this year, have been appreciated by Dr. B. Ramakrishna
"Rao, Chief Minister of the State, in his Inaugural Address and in his
Message. I am quite confident that in the years to come, Prof. Kcsava
Iyengar will contribute more and more towards economic research and
investigations in the country through the Indian Institute of Economics
of which he is the Director. At the initial stages. there were doubts
about the Institute, but now it should he a matter for pride that the
Indian Institute of Economics is located in Hyderabad.
G. S. MELKOTF.,
26-9-1953. President,
The Indian Institute of Economics.

INTRODUCTION
Professor S. Kesava Iyengar, who needs no introduction to the economic
world, has come out once more with an original idea. The present compila
tion is a valuable addition to the numerous original investigations and
publications already to his credit. Professor Kesava Iyengar has worked
practicaUy single-handed. and that against many odds. I am quite confident
that his services through this Volume will be increasingly appreciated as
months and years roU on. One special encouraging feature is the great and
willing co-operation rendered by many foreign Economists in securing data
for this publication.
I join Professor Iyengar in ardently hoping that this Volume will assist
powerfully in creating and strengthening contacts among economists and
social thinkers and workers not only in India but all the world over. It is
bound to inspire the younger Economists in India and abroad to higher
standards of achievement. I trust it will also help to create a favourable
atmosphere and a more rational attitude towards the important Science of
Economics and its exponents.
To all Economic Institutes and Associations, Universities and Govern
ments all over the world, the information contained in this Publication should
be of value. Professor Iyengar has strained his best to secure maximum
information. Let us hope that in years to come, International Organisations
interested in such information will undertake a thorough revision of this
excellently got up Reference Book.
The Hyderabad Economic Association considers it a privilege to have
Professor Kesava Iyengar as its Honorary Director of Research and it is a
matter of gratification for the Association to have been able to assist him
in a humble manner in bringing forth this Volume.
August 15, 1953. L. N. GUPTA, I.A.S.,
President,
The Hyderabad Economic Association.