Last month I had written in this column that “the success of Western economics is rooted in their societies. Our borrowed economics has failed because it is not rooted in India”.
I had also written that the time had come for Indian economists to read what their now-forgotten pre-Independence predecessors had written. The main body of their work has been compiled by J Krishnamurti, a former Delhi School of Economics professor of economic history.
Predictably, some people asked what precisely is meant by “rooted” in India. “Do you mean to say,” one of them asked with some acerbity,
I had also written that the time had come for Indian economists to read what their now-forgotten pre-Independence predecessors had written. The main body of their work has been compiled by J Krishnamurti, a former Delhi School of Economics professor of economic history.
Predictably, some people asked what precisely is meant by “rooted” in India. “Do you mean to say,” one of them asked with some acerbity,
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