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The Chosen One:Krishna Bharadwaj (1935-1992)
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It is evident that Krishna Bharadwaj was not the first Indian economist to engage with classical political economy (henceforth CPE) in general or Piero Sraffa’s work in particular. She was, in her own time, the youngest of them and most consequential at that, having made CPE the centre-piece of virtually all her work. The present account of Bharadwaj’s work and persona highlights four features that seem to set her apart from other scholars. The first one is that she was completely home-grown as an economist. All her training, including doctoral study, was in India. This was by choice (see below) and unlike the case of her seniors like Arun Bose and Gautam Mathur, and contemporaries such as Sukhamoy Chakravarty and Amartya Sen. When she published her well-known review of Sraffa’s Production of Commodities by Means of Commodities (Sraffa 1960; henceforth PCMC) in the Indian journal Economic Weekly (see Bharadwaj 1963), she was teaching at Bombay University and had no direct exposure to Cambridge, UK.
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- Bharadwaj, Krishna (1963), Value through Exogenous Distribution, Economic Weekly, August, pp. 1450-1464.
- ---------- (1965a), The Logic of Implicit Prices, Indian Economic Journal, 12.
- ---------- (1965b), An Activity Analysis Approach to Measure Productive Efficiency in Agriculture, Indian Economic Journal, March.
- ---------- (1966), A Note on Structural Interdependence and the Concept of Key Sector, Kyklos, pp. 315-319.
- ---------- (1974), Production Conditions in Indian Agriculture, Occasional Paper No. 33, Department of Applied Economics, Cambridge University.
- ---------- (1978), Classical Political Economy and the Rise to Dominance of Supply and Demand Theories, New Delhi: Orient Longman.
- ---------- (1980), On Some Issues of Method in the Analysis of Social Change Prasaranga, University of Mysore.
- ---------- (1989), Themes in Value and Distribution: Classical Theory Reappraised, New Delhi: Oxford University Press.
- ---------- (1991a), History versus Equilibrium, in Ingrid Rima (Ed.) The Joan Robinson Legacy, Routledge.
- ---------- (1991b), Value and prices in the classical theory: a Sraffian Perspective, in G.A. Caravale (Ed.), Marx and Modern Economic Analysis, Edward Elgar.
- ---------- (1992), Krishna Bharadwaj, in Philip Arestis and Malcolm Sawyer (Eds.), A Biographical Dictionary of Dissenting Economists, Edward Elgar.
- ---------- (1994), Accumulation, Exchange and Development – Essays on the Indian Economy, New Delhi: Sage.
- Bharadwaj, Krishna and Bertram Schefold (1990), Essays on Piero Sraffa: Critical Perspectives on the Revival of Classical Theory, Delhi: Oxford University Press.
- Bose, Arun (1963), Value through Exogenous Distribution: A Comment, Economic Weekly, 7 December, p. 2010.
- Kurz, H.D. (Ed.) (2003), The Legacy of Piero Sraffa, Edward Elgar.
- Marcuzzo, C. (2014), On Alternative Notions of Change and Choice: Krishna Bharadwaj’s Legacy, Cambridge Journal of Economics, 31(8): 49-62, January.
- Mathur, G. (1963), The Classification of Basics and Non-Basics, Economic Weekly, 29 June, pp. 1039-1041.
- Omkarnath, G. (2005), Value through Exogenous Distribution: A Review Article in 1963, Economic and Political Weekly, XL(5): 459-564.
- Sraffa, Piero (1960), Production of Commodities by Means of Commodities, Cambridge University Press.
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