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What laws determine progress? An Indian contribution to the idea of progress based on Mahadev Govind Ranade's works, 1870–1901

Maria Bach

The European Journal of the History of Economic Thought, 2018, vol. 25, issue 2, 327-356

Abstract: By the late nineteenth century, the school of “Indian Political Economy” was founded to understand India's extreme poverty and deindustrialisation. This paper examines how Mahadev Govind Ranade (the school's founder) conceptualised progress by tracing its origins and evaluating how it was formulated to reconcile theory with India's political and socio-economic reality. Ranade identified specific Indian determinants of progress: the centrifugal nature of Indian politics; the dependence of a colonial economy; and its refutable role within the international division of labour theory.

Date: 2018
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DOI: 10.1080/09672567.2018.1435704

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