1. Economic Thoughts of Dr. Ambedkar Dr. CA. Varadraj Bapat Indian Institute of Technology, Mumbai firstname.lastname@example.org 9892413119
2. Dr. Varadraj Bapat CA., CWA., M.Com., DISA, PhD. School of Management Indian Institute of Technology, Mumbai , , , , ,
3. Education of Dr. Bhimrao Ambedkar Columbia University M.A., 1915, Ancient Indian Commerce. MA, 1916, National Dividend of India-A Historic and Analytical Study
4. Education of Dr. Bhimrao Ambedkar PhD, 1917, "The Evolution of Provincial Finance in British India", (is considered a seminal contribution to the field of public finance. It analysed the evolution of the centre- state financial relations in British India)
5. Columbia University M.A., 1915, Ancient Indian Commerce. MA, 1916, National Dividend of India-A Historic and Analytical Study PhD, 1917, "The Evolution of Provincial Finance in British India", (is considered a seminal contribution to the field of public finance. It analysed the evolution of the centre-state financial relations in British India)
6. Education London School of Economics DSc, 1927, "The Problem of the Rupee: Its Origin and Its Solution", (is a magnum opus and seen as a major contribution to the field of monetary economics) http://www.ambedkar.org/ambcd/28H.%20Problem%2 0of%20Rupee%20CHAPTER%20VIl.htm
7. Books He wrote three scholarly books on economics: Administration and Finance of the East India Company http://www.ambedkar.org/ambcd/26.%20Administr ation%20and%20Finance%20of%20East%20India %20Company.htm The Evolution of Provincial Finance in British India The Problem of the Rupee: Its Origin and Its Solution The Reserve Bank of India (RBI), was based on the ideas that Ambedkar presented to the Hilton Young Commission
8. Various memoranda and statements that he submitted to the government (under British rule as well as in independent India) are indicative of his deep insights into India's economic problems. His speeches are replete with stimulating economic thoughts. He is probably the first thinker to analyse economic dimensions of social maladies in India, such as the caste system and untouchability.
9. SMALL HOLDINGS IN INDIA AND THEIR REMEDIES http://www.ambedkar.org/ambcd/11.%20Small%20Holding s%20in%20India%20and%20their%20Remedies.htm#c05 the production of food is enough to make its problems demand our most serious thought. But when a country, like India, depends almost wholly upon farming its importance cannot be exaggerated. The problems of agricultural economy dealing directly with agricultural production are what to produce, the proper proportion of the factors of production, the size of holdings, the tenures of land etc. In this paper it is attempted to deal only with the problem of the size of holdings as it affects the productivity of agriculture
10. He also spelt out his views on the ideal strategy for India's economic development in his Memorandum, "States and Minorities" (1947). http://www.ambedkar.org/ambcd/10A.%20St atesand%20Minorities%20Preface.htm
11. Ambedkar presented a perceptive critique of Marxism in his essay, "Buddha or Karl Marx. http://www.ambedkar.org/ambcd/20.Buddha%20or%20Kar l%20Marx.htm The Marxists may easily laugh at it and may ridicule the very idea of treating Marx and Buddha on the same level. Marx so modern and Buddha so ancient! The Marxists may say that the Buddha as compared to their master must bejust primitive. What comparison can there be between two such persons? What could a Marxist learn from the Buddha? What can Buddha teach a Marxist?
12. "Buddha or Karl Marx. http://www.ambedkar.org/ambcd/20.Buddha%20or%20Karl%20Ma rx.htm None-the-less a comparison between the two is a attractive and instructive Having read both and being interested in the ideology of both a comparison between them just forces itself on me. If the Marxists keep back their prejudices and study the Buddha and understand what he stood for I feel sure that they will change their attitude. It is of course too much to expect that having been determined to scoff at the Buddha they will remain to pray. But this much can he said that they will realise that there is something in the Buddha's teachings which is worth their while to take note of.
13. COMMERCIAL RELATIONS OF INDIA IN THE MIDDLE AGES OR THE RISE OF ISLAM AND THE EXPANSION OF WESTERN EUROPE http://www.ambedkar.org/ambcd/47.Commercial%20Relations%20 of%20India%20in%20the%20Middle%20Ages.htm The birth of Islam is synchronous with the consolidation of Papal power in Rome under Gregory the Great. It was the era of theocracies and the east was once more spreading a wave of religion that had almost succeeded in Mohomedanizing the entire continent of Europe. Not to speak of Africa and Asia and like many big things ;
14. COMMERCIAL RELATIONS OF INDIA IN THE MIDDLE AGES But this system was early disturbed by the rise of Islam. When we imagine that trade was carried on by land Caravans with all the cumbersomeness we can imagine the hindrances it must have underwent owing to the rapid military movements of the Saracens We will recall that there were four principal trade routes from Asia to Europe and they all lay through the dominions of the Saracens." During the Crusades, so long as the avenue by the Persian Gulf and the Red Sea were controlled by hostile Mohomedan powers, it became necessary to adopt another more expensive and circuitous route, requiring much land-carriage and several transfers of freight.
15. COMMERCIAL RELATIONS OF INDIA IN THE MIDDLE AGES " Islam had hemmed Christendom on every side. On the East as on the South, the Crescentraised a barrier against the advance of the Cross." [f39] But in this mighty struggle of theCrescent and the Cross commerce suffered immensely. " The Ottoman seizure or obstruction of the Indian trade routes brought disaster not alone to the Mediterranean republics. The blow fell first on Genoa and Venice, but it sent a shock through the whole system of European commerce.
16. COMMERCIAL RELATIONS OF INDIA IN THE MIDDLE AGES The chief channel by which the products of Asia reached the central and northern nations of Christendom was the Hanseatic League."[f40] The Hanseatic had profited mainly owing to its control of Oriental wares coming through Italian Republics. . From very early times "Germany and the north Italian upland were dependent on the Republic (Venice) for the products of the east, and when 1017 of ([f41] ) ships laden with spices suffered shipwreck, the event is noticed by a (*[f42] ) chronicler as a serious misfortune." [f43]" The Indian trade formed an important contributory to this Hanseatic commerce. When the eastern traffic began to dry up, its European emporiums declined." 3[f44] In this blockade of old trade routes lies the (*[f45] ) expansion of western Europe.
17. COMMERCIAL RELATIONS OF INDIA IN THE MIDDLE AGES The whole situation is well summed up by Prof. A. F. Poland when (*[f46] ) as to why America was discovered towards the end of the fifteenth century, he says, (*[f47] ) would be the paradoxical assertion that Columbus discovered America in 1492 or there abouts because the Turks are an obstructive people. The connection is not quite obvious, but obvious connections are always superficial, and this is more profound.
18. 18 What is world economic history ?
19. 19 Share of World GDP from 0 to 1998 Year 0 100 0 150 0 160 0 170 0 182 0 187 0 191 3 195 0 197 3 199 8 W. Eur 10.8 8.7 17.9 19.9 22.5 23.6 33.6 33.5 26.3 25.7 20.6 USA 0 0 0.3 0.2 0.1 1.8 8.9 19.1 27.3 22.0 21.9 Chin a 26.2 22.7 25.0 29.2 22.3 32.9 17.2 8.9 4.5 4.6 11.5 Indi a 32.9 28.9 24.5 22.6 24.4 16.0 12.2 7.6 4.2 3.1 5.0 Worl d 100 100 100 100 100 100 100 100 100 100 100 Source: Table-B-20 Appendix B; pp263; The World Economy: A millennial PerspectiveAngus Maddison OECD Development Centre Studies --2007
20. GDP during 2,000 years Source: Angus Maddison. 2001. The World Economy: A Millennial Perspective. OECD, Paris Share of Global GDP (%): Year 0-1998 0 5 10 15 20 25 30 35 40 0 1000 1500 1600 1700 1820 1870 1913 1950 1973 1998 Western Europe United States Japan China India
21. 21 India is not a story from Rags to Riches. Its an economic empire re-establishing itself Western economies have to loot others to sustain
22. 22 Dr. Ambedkar considered both Capitalism and Communism as incomplete models
23. 23 Capitalism
24. 24 Capitalism
25. 25 Capitalism
26. 26 Communism
27. Marxism Marx and Engels studied the history of the worlds economies Basic Communism Feudalism Capitalism Communism!!! ! Socialism They believed they discovered an inevitable pattern
28. 28 Communism
29. USSR USSR stands for: Union of Soviet Socialist Republics. The USSR was formed in December 1922. USSR a.k.a. Russia. The USSR is a Communist party.
30. Communist control of the USSR by 1924 Moscow Leningrad
31. Communist control of the World Moscow
32. / /
37. 37 Capitalism Vs. Communism Post 1990 Communism lost completly Capitalism got converted into Consumerism
38. 38 Capitalism Consumerism
39. 39 Capitalism Consumerism Bush urged the U.S. public to go shopping and take vacations (2001 -9/11) (http://consortiumnews.com/2011/09/11/chronicling-americas-911-descent/)