{"product_id":"morality-of-markets-copy","title":"Economic Reforms Sans Development","description":"\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Book\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cp\u003eThe author argues, the emphasis of reforms seems to be on exhibiting the form of the textbook characteristics of a liberalised, and open economy, at the cost of the substance of development : reduce State intervention and involvement  in economic activities, usher in market-driven economy abolish all subsidies including food and interest rate subsidies to the poor, and let the poor fend for themselves and so on. In the hierarchy of priorities of contemporary Indian policy makers, for instance, privatisation has gained ascendancy over poverty reduction. Economic reforms have thus become empty rhetorics so far as the attainment of end-objectives of development is concerned.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eThe bunch of 33 selected articles brought together in this book seeks to provide concrete evidence in support of this central theme. The discussion also sketches the broad contours of policy correctives that are needed if the substance of development is to be retained as an important ingredient in the macroeconomic policy mix.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eThe discussion in the book is organised around seven aspects :\u003cbr\u003eMacro Prospective of Growth,\u003cbr\u003eMonetary and Credit Policies,\u003cbr\u003eBanking and Savings,\u003cbr\u003eUtilisation of Forex Reserves,\u003cbr\u003eCrisis of Capitalism,\u003cbr\u003eFiscal Policies, and\u003cbr\u003eHunger, Poverty and Rural Development\u003c\/p\u003e\n\u003cspan class=\"morecontent\"\u003e\u003cspan\u003e\u003c\/span\u003e \u003c\/span\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"more\"\u003e\u003cspan class=\"morecontent\"\u003e\u003c\/span\u003e\u003c\/div\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Author(s) \/ Editor(s)\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cp\u003e\u003cstrong\u003eDr. N A Mujumdar\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis former Principal Adviser, Reserve Bank of India. At present he is the Editor of the Indian Journal of Agricultural Economics and also Honorary Professor at the Society for Development Studies.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eDr. Mujumdar began his career as Lecturer in what was then known as the School of Economics, University of Bombay. He was Nuffield Fellow of Oxford University, Oxford, in 1959, and after his return to India, joined the Reserve Bank of India.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eDr. Mujumdar has also worked, under the auspices of the International Monetary Fund, as Adviser to the Central Banks of five countries: Zambia, Mauritius, Tanzania, Belize and Cambodia. He was Consultant to FAO, ESCAP and the World Bank. He was member of various Working Groups appointed by the Reserve Bank of India and the Planning Commission.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003eHe has published eight books and a number of research papers in various technical journals.\u003c\/p\u003e\n\u003cspan class=\"morecontent\"\u003e\u003cspan\u003e\u003c\/span\u003e \u003c\/span\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"more\"\u003e\u003cspan class=\"morecontent\"\u003e\u003c\/span\u003e\u003c\/div\u003e\n\u003ch2 class=\"glossymenu\"\u003eContents in Detail\u003c\/h2\u003e\n\u003cdiv class=\"glossymenu\"\u003e\n\u003ca class=\"menuitem submenuheader\" href=\"https:\/\/academicfoundation.org\/#\"\u003e\u003cspan class=\"accordsuffix\"\u003e\u003c\/span\u003e\u003c\/a\u003e\n\u003cdiv class=\"submenu\"\u003e\n\u003cp\u003e\u003cstrong\u003eI\u003cbr\u003eMacro Perspectives of Growth\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e1. Building Development Conscience.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003e2. Fragility of Growth Base Revealed.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e        \u003cbr\u003e3. Policy Makers vs Econometricians.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e        \u003cbr\u003e4. Upgrading  Productive Capabilities.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e        \u003cbr\u003e5. Foodgrains Surplus, Forex Reserves :\u003cbr\u003e    Problems of Plenty of Plus Point ?\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e        \u003cbr\u003e6. Words of Wisdom.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e        \u003cbr\u003e7. The Development Conscience Factor.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e    \u003cbr\u003eII\u003cbr\u003eMonetary and Credit Policies\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e8. Suicide by Cutting Interest Rates\u003cbr\u003e    Monetary Policy : 2002-03.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e9. Credit Policy: Different Thinking.    \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e10. Credit Policy Imperatives : Correcting\u003cbr\u003e      the Distortions.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e        \u003cbr\u003e11. Credit Policy: Symbolism is All.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e        \u003cbr\u003e12. Credit Policy: Sound, Fury and\u003cbr\u003e      Substantive Issues.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e        \u003cbr\u003e\u003cstrong\u003eIII\u003cbr\u003eBanking and Savings\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e13. What Ails Co-operative Banking ?\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e        \u003cbr\u003e14. Banking on Commercial Banks.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e        \u003cbr\u003e15. UTI, Small Savings and Financial Crisis.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e        \u003cbr\u003e16. The UTI in Retrospect.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e17. Small Savings and Market Mythology.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e18. Bank Shares, Capital Market and Governance.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e19. IDBI: Yielding to Bureaucratic Pressures.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e        \u003cbr\u003e\u003cstrong\u003eIV\u003cbr\u003eUtilisation of Forex Reserves\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e20. Forex Reserves: Use them to Revitalise the Economy.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e        \u003cbr\u003e21. Capital Account Convertibility: Challenging the Underlying Philosophy.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e        \u003cbr\u003e\u003cstrong\u003eV\u003cbr\u003eCrisis of Capitalism\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e22. Crisis in American Capitalism: Lesson for India.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e23. Systemic Approach to Privatisation.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e24. Good Governance: Form and Substance.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e    \u003cbr\u003e\u003cstrong\u003eVI\u003cbr\u003eFiscal Policies\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e25. Kelkar Proposal: An Accountant's\u003cbr\u003e      Approach to Tax Reforms.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e        \u003cbr\u003e26. Kelkar Panel Final Report:\u003cbr\u003e      Fraught with Elitist Bias.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e        \u003cbr\u003e27. Rediscovering the Priorities.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e        \u003cbr\u003e28. Fiscal Prudence: Centre Must\u003cbr\u003e      Lead the Way.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003e29. Retail Trade in Government Securities:\u003cbr\u003e      A Monumental Misadventure.    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e    \u003cbr\u003eVII\u003cbr\u003eHunger, Poverty and Rural Development\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e30. Food Distribution and Growth-Equity Linkages.    \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003e31. WTO: Agricultural Exports and Growth.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e        \u003cbr\u003e32. Rural Development: New Perceptions.    \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e    \u003cbr\u003e33. Eliminate Hunger Now, Poverty Later.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003ctable width=\"100%\" style=\"width: 100.707%; height: 109px;\"\u003e\n\u003ctbody\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6071%; height: 19.5938px;\"\u003ePublisher\u003c\/td\u003e\n\u003ctd style=\"width: 48.0357%; height: 19.5938px;\"\u003eAF Press\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6071%; height: 19.5938px;\"\u003ePublication Date\u003c\/td\u003e\n\u003ctd style=\"width: 48.0357%; height: 19.5938px;\"\u003e2004\u003cmeta charset=\"utf-8\"\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6071%; height: 19.5938px;\"\u003eNumber of Pages\u003c\/td\u003e\n\u003ctd style=\"width: 48.0357%; height: 19.5938px;\"\u003e203\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6071%; height: 19.5938px;\"\u003eISBN\u003c\/td\u003e\n\u003ctd style=\"width: 48.0357%; height: 19.5938px;\"\u003e\n\u003cmeta charset=\"utf-8\"\u003e\n\u003cmeta charset=\"utf-8\"\u003e\n\u003cspan\u003e8171883575\u003c\/span\u003e\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e","brand":"N.A. Mujumdar","offers":[{"title":"Hardcover \/ ENG- English \/ Economics","offer_id":51402419110209,"sku":null,"price":995.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0938\/9067\/5009\/files\/8171883575-web-305-Economic.gif?v=1771414388","url":"https:\/\/www.academicfoundation.com\/products\/morality-of-markets-copy","provider":"Academic Foundation | AF Press","version":"1.0","type":"link"}