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

Author

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  • Islahi, Abdul Azim

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.

Suggested Citation

  • Islahi, Abdul Azim, 1997. "Economic philosophy of V.K.R.V. Rao," MPRA Paper 23838, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:23838
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    File URL: https://mpra.ub.uni-muenchen.de/23838/1/MPRA_paper_23838.pdf
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    Keywords

    V.K.R.V. Rao; Indian Economic Thought; Ethics and economics; cooperation; the myth of consumers' sovereignty; Human factor in economic development.;

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General
    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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