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Book:
Present Values: Essays on Economics and Aspects of Indian Society
Author:
S Subramanian
Publisher:
Routledge
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Books / Science
Year:
2020
City:
London
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This volume is about economists, economics, and issues of concern to Indian society. Some essays are expository, and some satirical. Together, they offer a commentary on the state of the discipline of economics today and on aspects of contemporary Indias society and polity.The volume affords insights into, among other things,- the pervasive influence of economists such as Kenneth Arrow and Anthony Atkinson, and thinkers such as Tom Paine, Jonathan Swift, and Dadabhai Naoroji;- the place of markets and game theory (and even crime fiction!) in present-day economics;- the affectations and convoluted mathematisation of a good deal of mainstream economics; and- Indias recent political climate, and the conduct of various arms of the legislature, the executive, and the judiciary in the country.Engaging and lucidly written, this volume should be of interest to scholars of economics, political science, development studies, South Asian studies, and, above all, the general reader.

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Present Values

The volume affords insights into, among other things,

the pervasive influence of economists such as Kenneth Arrow and Anthony Atkinson, and thinkers such as Tom Paine, Jonathan Swift, and Dadabhai Naoroji;
the place of markets and game theory (and even crime fiction!) in present-day economics;
the affectations and convoluted mathematisation of a good deal of mainstream economics; and
Indias recent political climate, and the conduct of various arms of the legislature, the executive, and the judiciary in the country.

Engaging and lucidly written, this volume should be of interest to scholars of economics, political science, development studies, South Asian studies, and, above all, the general reader.

S. Subramanian is a former Professor of Economics from the Madras Institute of Development Studies, India, and a former Indian Council of Social Science Research National Fellow. He has research interests in the fields of poverty, inequality, demography, welfare economics, social choice theory, and development economics. He is an elected Fellow of the Human Development and Capabilities Association and was a member of the advisory board of the World Banks Commission on Global Poverty (201516). He is the author of, among other books, Rights, Deprivation, and Disparity (2006), The Poverty Line (2012), and Inequality and Poverty: A Short Critical Introduction (2019). He has published articles in a number of scholarly journals including the Journal of Development Economics, Social Choice and Welfare, Mathematical Social Sciences, Theory and Decision, and Economic and Political Weekly.

First published 2020

by Routledge

2 Park Square, Milton Park, Abingdon, Oxon OX14 4RN

and by Routledge

52 Vanderbilt Avenue, New York, NY 10017

Routledge is an imprint of the Taylor & Francis Group, an informa business

2020 S. Subramanian

The right of S. Subramanian to be identified as author of this work has been asserted by him in accordance with sections 77 and 78 of the Copyright, Designs and Patents Act 1988.

All rights reserved. No part of this book may be reprinted or reproduced or utilised in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers.

Trademark notice: Product or corporate names may be trademarks or registered trademarks, and are used only for identification and explanation without intent to infringe.

British Library Cataloguing-in-Publication Data

A catalogue record for this book is available from the British Library

Library of Congress Cataloging-in-Publication Data

Names: Subramanian, S., author.

Title: Present values : essays on economics and aspects of Indian society /

S. Subramanian.

Description: Milton Park, Abingdon, Oxon ; New York, NY : Routledge,

2020. | Includes bibliographical references.

Identifiers: LCCN 2020005595 (print) | LCCN 2020005596 (ebook)

Subjects: LCSH: EconomicsIndia. | IndiaEconomic conditions1991

Classification: LCC HB126.I4 S83 2020 (print) | LCC HB126.I4 (ebook) |

DDC 330.0954dc23

LC record available at https://lccn.loc.gov/2020005595

LC ebook record available at https://lccn.loc.gov/2020005596

ISBN: 978-0-367-48167-4 (hbk)

ISBN: 978-1-003-05032-2 (ebk)

Typeset in Times New Roman

by Apex CoVantage, LLC

Contents

PART I
On economics and economic themes, with some digressions

PART II
On some tendencies in the dismal science

PART III
On institutions, culture, and society

ATHUR KANNAN THAYYIL

Guide

The chapters in this book have been previously published and are here reprinted with minor alterations to the titles or other small editorial amendments. For permission to reproduce the articles, the author would like to thank the editors and publishers of the following publications: The Tribune (Chandigarh, India), The New School Economic Review, Think: Philosophy for Everyone (Journal of the Royal Institute of Philosophy), The Wire, and The Economic and Political Weekly. Details regarding the original sources of publication are provided, for each relevant chapter, in what follows:

(IN MEMORIAM: K. J. ARROW AND A. B. ATKINSON): A Salute to Great Economists, The Tribune, March 17, 2017.
(TOM PAINE, RIGHTS OF MAN, AND THE FOUNDATIONS OF THE WELFARE STATE): Revisiting Natural Rights of Man, The Tribune, February 19, 2016; We Need a Robust Welfare State, The Tribune, March 4, 2016.
(THREE THEMES IN ECONOMICS: THE MARKET, GAME THEORY, AND FAMINE): The Market: In Theory, Fact, and Lore, The Tribune, June 20, 2016; Game Theory: In Literature, Life, and Sport, The Tribune, September 2, 2016; Drought and Entitlements: Two Classic Indictments of Famine, The Tribune, April 22, 2016.
(AN ECONOMISTS DESCENT INTO CRIME): Profit Motive: Fiction and the Economics of Crime, The Tribune, August 5, 2016; Enduring Appeal of the Locked Room Mystery, The Tribune, April 2, 2016.
(ECONOMICS: THE VIEW FROM ABOVE): The View from Above, Economic and Political Weekly: 50(14): April 4, 2015; 50(20): May 16, 2015; 50(29): July 18, 2015; 50(37): September 12, 2015; 50(41): October 10, 2015.
(HYMAN KAPLAN AND THE G*L*O*B*A*L P*O*V*E*R*T*Y L*I*N*E): Hyman Kaplan and the G*L*O*B*A*L P*O*V*E*R*T*Y L*I*N*E, Think: Philosophy for Everyone (Journal of the Royal Institute of Philosophy), 15(42): 91102, 2016.
(A LEACOCKIAN VIEW OF ECONOMICS TODAY): A Leacockian View of Economics Today, The New School Economic Review, 9(1): 2937, 2017.
(LEARNING ECONOMICS AND THE LAW ANEW): Vedanomics is All We Need for Acche Din, The Wire, March 25, 2018; Justice for All, Comprehension for None, The Wire, July 6, 2018.
(THE ADVENTURES OF CHALAK OM, AS CHRONICLED BY DR VATSAN): The Adventures of Chalak Om, As Chronicled by Dr Vatsan, The Wire: December 30, 2018; January 13, 2019; January 22, 2019; February 3, 2019.

History started badly and hav been getting steadily worse.

Nigel Molesworth in Geoffrey Willanss Down With Skool! (1953)

There is a rumour to the effect that economists are not really human, but rather robots, or aliens, or, worse still, zombies. I am in no position to comment on these speculations while still preserving myself from the risk of betraying the tribe to which I belong. Having said this, I wonder if I may advance the possibility that the members of this species may actually be androids infected by certain production defects which occasionally make them human in unexpected ways, that is to say, capable of saying nice things about others, of taking the trouble of explaining their esoteric theories to those that do not speak their language, of reading detective stories, of taking a squiggle-eyed view of their own work and that of their colleagues, and of sometimes taking a break from their grim-death view of the world in favour of actually finding something funny about the universe they inhabit. This book is a very small collection of previously published essays that reflect the stated aberrant-humanoid view of the dismal scientist.

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