Economic philosophy of V.K.R.V. Rao

Islahi, Abdul Azim (1997): Economic philosophy of V.K.R.V. Rao. Published in: Great Indian Economists by Das, D.K. (editor),, New Delhi, Deep and Deep Publications, 2004 , Vol. 7, (2004): pp. 3-10.

Abstract

Prof. V.K.R.V. Rao falls in the line of great Indian leaders and scholars such as M.G. Ranade, Gandhiji, J.K. Mehta, who emphasised the human values and ethics in the discipline of economics. For him the nature and purpose of economic activity is different from what is prescribed in the conventional economics. By conventional economics we mean the mainstream economics inherited from the West. The present paper attempts to examine the economic philosophy of Rao in the light of his numerous works and the criticism leveled by him against the conventional economics.

• Item Type: MPRA Paper
• Language: English
• Keywords: V.K.R.V. Rao; Indian Economic Thought; Ethics and economics; cooperation; the myth of consumers' sovereignty;Human factor in economic development.
• Subjects: B - History of Economic Thought, Methodology, and Heterodox Approaches > B3 - History of Economic Thought: Individuals > B31 - Individuals; O - Economic Development, Innovation, Technological Change, and Growth > O2 - Development Planning and Policy > O20 - General; B - History of Economic Thought, Methodology, and Heterodox Approaches > B2 - History of Economic Thought since 1925 > B20 - General; Z - Other Special Topics > Z1 - Cultural Economics ; Economic Sociology ; Economic Anthropology > Z13 - Economic Sociology ; Economic Anthropology ; Social and Economic Stratification

References

Brahmananda, P .R. (1992), The Economics of Dr. V.K.R.V. Rao: A Tribute, The Indian Economic Journal, vol. 39, No.4, p. 127.

Rao, V.K.R.V. (1943), An Essay on the Nature and Purpose of Economic Activity, University of Delhi, Delhi.

Rao, V.K.R.V. (1980), Dr. Zakir Husain Memorial Lectures, Aligarh Muslim University, Aligarh.

Rao, V.K.R.V. (1964), Essays in Economic Development, Asia Publishing House, Bombay.

Rao, V.K.R.V. (1983), India's National Income 1959-1980, Sage Publications, New Delhi.

Rao, V.K.R.V. (ed.) (1968), Employment and Unemployment, Allied Publishers, Bombay, "Preface" p. V.