A lucid analysis of the 'revolutionary' changes in the Indian economy. In this important book two of India's leading economists rescue the current economic debate from jargon and dogma and present it in language accessible to ordinary Indians who, finally, must bear the brunt of the reforms. Cutting through the euphoria and hype that prevent any serious appraisal of liberalization, they highlight the advantages of a free market as also the grave dangers of unquestioning reliance on market forces in a developing country which is home to the largest number of the world's poor. They argue for a flexible system that will adapt to changes in society and polity, a system where both the market and the State must play a role. '...an excellent primer to understand the intricacies of the process of liberalization of the Indian economy.' --The Tribune 'Amit Bhaduri and Deepak Nayyar have done nothing less than write the best book to be found anywhere so far on India's New Economic Policy.' --The Indian Express 'This is an unusual book on the logic, record and the future of economic liberalization in India.
It succeeds where others have failed in presenting to a larger audience a critical evaluation of liberalization.' --The Hindu 'Finally an intelligible look at liberalization and the liberalizers...it is difficult to overestimate the timeliness of this book.' --Outlook
About the Author :
Amit Bhaduri (Author)
Amit Bhaduri was educated in Calcutta, the Massachusetts Institute of Technology and Cambridge University, from where he received his Ph. D in 1967. Currently professor of economics at Jawaharlal Nehru University, New Delhi, he has held professorial and research positions in many countries, including Austria (Vienna and Linsz University, Institute for Advanced Study, and Academy of Science), Germany (Bremen University, Institute for Advanced Study, Berlin), Italy (Bolognia University), Norway and Sweden (Swedish Collegium for Advanced Study in Social Sciences, Uppsala University, and Trondheim University), and USA (Stanford University). He has served as research advisor and expert on many UN bodies and has been a member of various international commissions, including the European Commission on Unemployment and the Commission on Rural Finance.
Amit Bhaduri has written nearly fifty articles in international journals and three books, The Economic Structure of Backward Agriculture, Macroeconomics: The Dynamics of Commodity Production, and Unconventional Economic Essays. He is on the editorial board of five technical journals in economics published from Cambridge, the Hague, Karachi, Paris and Rome.
Deepak Nayyar (Author)
Deepak Nayyar was educated at St. Stephen's College, Delhi University and went on to study at Balliol College, Oxford University, where he was a Rhodes scholar. He was, for some time, in the Indian Administrative Service and later served as Economic Advisor in the Ministry of Commerce. More recently, he served as Chief Economic Advisor to the Government of India and Secretary in the Ministry of Finance. Currently professor of economics at Jawaharlal Nehru University, he has taught economics at Oxford University, the University of Sussex and the Indian Institute of Management, Calcutta.
Deepak Nayyar's previous books are India's Exports and Export Policies, Economic Relations Between Socialist Countries and the Third World, Migration, Remittances and Capital Flows and Economic Liberalization in India. He has also published several articles in professional journals.
