Macroeconomics (Oxford in India Readings : Themes in Economics)

This volume is a collection of essays dealing with macroeconomic issues such as the constraints on India's economic growth, the rationale and limitations of the Mahalanobis strategy, the reasons for the atrophy of the planning process, the nature of the Indian state, and the consequences of opening up the Indian economy. The authors dealing with these issues do not just give their own points of view; rather they attempt to discuss these issues primarily through a critical survey of the economic literature. A sizeable body of writing has emerged in recent years dealing with the macroeconomics of the Indian economy in its specificity. This volume brings to the reader an overview of this work, locates it within the general literature of macroeconomics, and also provides a classified bibliography of the writings in this area. This volume is a collection of essays dealing with macroeconomic issues such as the constraints on India's economic growth, the rationale and limitations of the Mahalanobis strategy, the reasons for the atrophy of the planning proces, the nature of the Indian state, and the consequences of opening up the Indian economy. The authors dealing with these issues do not just give their own points of view; rather they attempt to discuss these issues primarily through a critical survey of the economic literature. A sizeable body of writing has emerged in recent years dealing with the macroeconomics of the Indian economy in its specificity. This volume brings to the reader an overview of this work, locates it within the general literature of macroeconomics, and also provides a classified bibliography of the work in this area. Introduction / Prabhat Patnaik Open-economy macroeconomic themes for India / Amitava Krishna Dutt Closed-economy structuralist models for a less developed economy / Amiya Kumar Bagchi The macroeconomics of imbalance and adjustment / C.P. Chandrasekhar State intervention in the macroeconomy / Jayati Ghosh Macroeconomic character of the Indian economy / V. Pandit. This collection of essays explores macroeconomic issues related to the Indian economy. It locates recent discussions on India within the general literature on macroeconomics, critically surveys this literature, and provides a classified bibliography of work in this area.