Open Access
Subscription Access
Open Access
Subscription Access
Gautam Mathur’s Sraffa – Neumann System:A Framework for Development
Subscribe/Renew Journal
Throughout the work of Gautam Mathur there is a unique blend of theoretical insights for development strategies and the pursuit of ideals of economic justice, freedom and egalitarian society. He uses a Sraffa-Neumann system structure to disaggregate the economy into sub-systems as a tool of analysis for choice of techniques, allocation of labour and resources and time transition path towards steady growth based on a sound foundation of capital theory. The paper appraises his unique approach to study processes of structural transformation, and the relevance of such a strategy in an era of jobless growth, high inequality, low productivity and inefficient production structures across sectors. Mathur envisioned that an underdeveloped economy can be structurally transformed into a Robinsonian “golden age” through active state policy interventions.
Subscription
Login to verify subscription
User
Font Size
Information
- Bharadwaj, Krishna (1963), A Defence Exercise: A Comment, The Economic Weekly, March 16, pp. 1041-1042.
- Bramananda, P.R. (1967), Controversies on Theorizing on Growth, Artha-Vikas, July, pp. 98-106.
- Mathur, Gautam (1962), Thriftiness and Consumption in Steady Growth, Bulletin of the Oxford University Institute of Economics and Statistics, 23(3): 347-362.
- ---------- (1963a), A Defence Exercise, The Economic Weekly, February, pp. 225-226.
- ---------- (1963b), The Classification of Basics and Non-basics, The Economic Weekly, 29 June, pp. 1039-1041, and Krishna Bharadwaj (1963b), Reply, The Economic Weekly, 1963, pp. 1041-1042.
- ---------- (1965), Planning for Steady Growth, Oxford University Press, Bombay.
- ---------- (1967), Investment Criteria in a Platinum Age, Oxford Economic Papers, 19(2): 199-214.
- ---------- (1979a), The Capital Theory Base of Development Economics: Editorial Observations, The Sub Economy, World Development, 1: 901- 912.
- ---------- (1979b), Growth Models and Analysis of Development, World Development, 7: 973-983.
- ---------- (1989a), Full Development in a Planned Economy, B. R. Publishing Corporation, Delhi.
- ---------- (1989b), Trotting Platinum Ages, in George R. Feiwel (Ed.), Joan Robinson and Modern Economic Theory, pp. 413-435, Macmillan Press, London.
- ---------- (1994), Economic Justice in a Free Society, New Age International Ltd, Bangalore.
- Satyanarayan B. and Ch. Raghuram (Eds.) (1999), Essays in Political Economy: Selected Papers of Gautam Mathur, Concept Publishing Company, New Delhi.
- Steedman, Ian (2012), Value and Distribution in the Lowe – Mathur Model, in H. Hagemann and H. Kurz (Eds.), Political Economics in Retrospect: Essays in Memory of Adolph Lowe, pp. 155-163, Edward Elgar, Aldershot.
- Subramaniam, Kamala and Prabha Panth (1996), The Macrotheories of Value and Distribution, New Age International (P) Ltd, New Delhi.
Abstract Views: 752
PDF Views: 0