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'Humanomics' of Ranade


  • Islahi, Abdul Azim


M.G. Ramrde (1842-1901) was among the pioneering thinkers of India who, wanted modification in classical economics and criticized it because of its abstraction, miscalculation of human nature, and no accounting of socio-cultural environment and religious elements. The present paper aims to study this aspect of his contribution to economic theory in general and to Indian school of economics in particular. We refer to it as 'Humanomics' because he gave the prime importance to diverse human society and culture, its values and beliefs in formulation and application of economic theory.

Suggested Citation

  • Islahi, Abdul Azim, 1993. "'Humanomics' of Ranade," MPRA Paper 23552, University Library of Munich, Germany, revised 1993.
  • Handle: RePEc:pra:mprapa:23552

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    More about this item


    Human Economics; Ethico-economics; Indian economic Thought.;

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • P40 - Economic Systems - - Other Economic Systems - - - General
    • B00 - Schools of Economic Thought and Methodology - - General - - - History of Economic Thought, Methodology, and Heterodox Approaches
    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary


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