This book provides an analytical and computational approach to solving and simulating the Mahalanobis model and the papers surrounding it. The book comes up, perhaps for the first time, with a holistic examination of an important growth model that emerged out of India in the 1950s. It contains detailed derivations of the Mahalanobis model and the several critiques and extensions surrounding it with an organized synthesis of the main results. Computationally, the book simulates the model and its many variants, thus making it accessible to a wider audience. Advanced undergraduates and beginning graduate students in the fields of Economics, Mathematics, and Statistics will gain immensely from understanding both the mathematical aspects as well as the computational aspects of the Mahalanobis model. In the absence of a single 'go-to' source on all aspects of the model -- analytical and computational -- this book is a definitive volume on the Mahalanobis model that has all the derivations of all the papers surrounding the model, its dissents and critiques, and extensions as in the wage goods model suggested by Vakil and Brahmananda.

A result of more than four decades of teaching experience, this book deals with the problems of economic growth, development and eradication of poverty and unemployment. The book also includes an analytical study of important issues of environment and sustainable development. The book not only explains the models and theories of economic growth but also critically evaluates their relevance to developing countries. A major highlight of discussion in the context is the exploration of the widely accepted Amartya Sen’s Capability Approach to development.

In its 20th edition, this trusted definitive text is a comprehensive treatise on modern economics. It discusses in detail microeconomics, macroeconomics, monetary theory and policy, international economics, public finance and fiscal policy and above all economics of growth and development. The book has been exhaustively revised to provide students an in-depth understanding of the fundamental concepts and is streamlined to focus on current topics and developments in the field.

The debate around growth has been an important feature of economic planning in India since Independence. This book deals with the wide range of issues related to the country's growth and development between 1951 and 2011, covering the 11 Five Year Plans formulated and implemented during this period, as well as in the decade after that. The author traces the changing nature of planning over time-from rigid state control on economic activities, to reliance on market-based planning in the time of economic reforms. He has dealt with the transition from growth measures in the 1970s, to the use of a mix of growth and redistribution in the 1980s, and the economic reforms and liberalization measures from 1991 onwards, and the inclusive growth we have seen in the twenty-first century. The central theme of the book is to analyse the role that planning played in maximizing the rate of economic growth and in improving the living standards of the people. Considering India's rapidly changing socio-economic environment, many of the issues around growth and development are contentious. The author discusses them here with academic rigour and an insider's insight, thus enabling a fair assessment.

A regular feature in almost publication has been a comparison of India’s slow economic growth and, until recently, China’s rapid progress. Yet, in 1988, both countries had similar living standards. As things stand, it is undoubtedly a tale of two countries and two systems. Supporters of India can point to the democratic nature of the country’s development while ignoring the slow pace of change. China’s supporters point to exceptional poverty reduction, urbanization, and infrastructure developments while ignoring the social, religious, and environmental costs these efforts have created. However, popular media has ignored the fact the individual starting points of the two nations, a gap which this book fills. This study examines how China’s economic reforms was initiated with Deng Xiaoping’s fang-shou (‘letting go’ and ‘tightening up’) efforts between 1978 and 1989. However, until 1989 China had nothing much to demonstrate compare with India. Both countries had similar per head national income but India was technologically much superior to China. The reforms in China then accelerated in a sustained manner—be it the Family Responsibility System that transformed agriculture, the opening up of the industrial sector for the growth of local enterprises and foreign investments, or the substantial effort to make state-owned enterprises more efficient.

This book discusses the case for socialism and the models of socialist planning. Through examining different countries, each chapter examines the successes and failures of contrasting socialist policies. The theories and techniques of socialist planning are discussed in relation to the Soviet Union and India, with additional attention given to Great Britain, Scandinavia, and the former Yugoslavia. Imperialism and Capitalism, Volume 2: Normative Perspectives aims to explore the alternatives to capitalism within different sectors and situations. The book is relevant to those interested in economics, development studies, international relations, and global politics.

Macroeconomics - Theory and Policy provides a comprehensive coverage of all the important theories and policies of macroeconomics. The book is an exhaustive text for understanding all the relevant concepts and current developments in the subject. It traces the relevance of Keynesian theories to the developing economies and has critically examined the post-Keynesian developments.

This comprehensive text aims to give readers an overall idea of the structural changes in Indian Economy in the Post-Independence era with greater focus on the period since reforms of the 1990s. Besides giving an overview of the broad trends of the economy, an attempt has been made to define various important concepts that may be useful for any average student learning the subject. Comprehensive coverage of contemporary issues such as sectoral reforms, various welfare schemes of the government, employment generation schemes, etc. are dealt with in great detail and the book is up-to-date with latest data from Economic Survey 2020–21. Primarily designed for General Studies paper of the Civil Services Examination (IAS and PCS) and the optional paper on Economics in the main examination, the book will be handy for other competitive examinations. Undergraduate and postgraduate students of commerce, economics and management will also immensely benefit by reading the book. KEY FEATURES • Up-to-date with latest data from Economic Survey 2020–21 • Short-answer and long-answer questions based on exam pattern are the highlight of the book • Previous years' examination questions• Important issues/developments highlighted TARGET AUDIENCE • Civil Services and other competitive Examinations aspirants • Undergraduate/Postgraduate students of Economics/Commerce/ Management