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

Abdul Azim Islahi

MPRA Paper from University Library of Munich, Germany

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.

Keywords: V.K.R.V. Rao; Indian Economic Thought; Ethics and economics; cooperation; the myth of consumers' sovereignty; Human factor in economic development. (search for similar items in EconPapers)
JEL-codes: B20 B31 O20 Z13 (search for similar items in EconPapers)
Date: 1997
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