Dr. B.R.Ambedkar: as an Economist
Relevance of Dr. B.R. Ambedkar’s Economic Ideas in the current Scenario of India
Dr. M.R.Singariya1
Dr. S.C.Naval2.
Abstract
Dr. B.R Ambedkar was among the most outstanding intellectuals of India in the 20th century. His work in economics is noteworthy. His views deals with public finance and agriculture are landmark in the economics. Ambedkar’s commitment was internal stability, and he was convinced that only an automatic system based on gold standard with gold currency could achieve this desirable end. The main objective according to him was: “To make administrative policies independent by requiring them to finance themselves entirely out of their own respective resources without having to depend upon one another must always is regarded as a very important end to be kept in view in devising a new financial arrangement”. He was of view that governments should spend the resources garnered from the public not only as per rules, laws and regulations, but also to see that “faithfulness, wisdom and economy”. Intervening in a discussion in the Bombay Legislative Council on October 10, 1927, Dr. Ambedkar argued that the solution to the agrarian question "lies not in increasing the size of farms, but in having intensive cultivation that is employing more capital and more labour on the farms such as we have." Further on, he says: "The better method is to introduce cooperative agriculture and to compel owners of small strips to join in cultivation." He concludes that “Industrialisation of India is the soundest remedy for the agricultural problems of India”. This can generate adequate surplus that will also eventually benefit the agricultural sector. Thus Ambedkar thought on public Finance and agriculture has vital relevance and still applicable in current situation of India. In order to enhance productivity of agriculture sector, government is needed to take measures on the basis of Dr. Ambedkar’s thought. 1. Lecturer in Economics, Govt. College Jaitaran 2.
Dr. M.R.Singariya1
Dr. S.C.Naval2.
Abstract
Dr. B.R Ambedkar was among the most outstanding intellectuals of India in the 20th century. His work in economics is noteworthy. His views deals with public finance and agriculture are landmark in the economics. Ambedkar’s commitment was internal stability, and he was convinced that only an automatic system based on gold standard with gold currency could achieve this desirable end. The main objective according to him was: “To make administrative policies independent by requiring them to finance themselves entirely out of their own respective resources without having to depend upon one another must always is regarded as a very important end to be kept in view in devising a new financial arrangement”. He was of view that governments should spend the resources garnered from the public not only as per rules, laws and regulations, but also to see that “faithfulness, wisdom and economy”. Intervening in a discussion in the Bombay Legislative Council on October 10, 1927, Dr. Ambedkar argued that the solution to the agrarian question "lies not in increasing the size of farms, but in having intensive cultivation that is employing more capital and more labour on the farms such as we have." Further on, he says: "The better method is to introduce cooperative agriculture and to compel owners of small strips to join in cultivation." He concludes that “Industrialisation of India is the soundest remedy for the agricultural problems of India”. This can generate adequate surplus that will also eventually benefit the agricultural sector. Thus Ambedkar thought on public Finance and agriculture has vital relevance and still applicable in current situation of India. In order to enhance productivity of agriculture sector, government is needed to take measures on the basis of Dr. Ambedkar’s thought. 1. Lecturer in Economics, Govt. College Jaitaran 2.
References: 1. Ambedkar, B. R. (1997) ‘Caste in India’ – Their mechanism, genesis and Development, Blue in Patrika, India. 2. Ambedkar, B. R. (1989) Untouchables and untouchability (Social-Political-Religious) writing and speeches: (Vol. 5), Ed. Dept. Gov. of Maharahstra, India. 3. Ambedkar, B. R. (1990) “Who were Sudras?” Writing and Speeches – (Vol. 7), Ed. 4. Busi, S. N. (1997) Mahatma Gandhi and Ambedkar Crusader against caste and untouchability, Palak Prakashan, Jalandhar, India. 5. Desai, A. R. (1991) Social background of Indian Nationalism, Popular Prakashan, Hyderabad, India. 6. Dr. B.H.Damji & A.P.Jamma (2012) “Dr. B.R.Ambedkar’s thought on agriculture and it’s relevance to current agriculture in India” Review of Research, Vol 1, Issue VI, pp1-4. 7. Dr. M.R.Ingle (2009) “Relevance of Dr. Ambedkar’s Economic Philoshophy in the current scenario” International Research Journal, sep, Vol 1 Issue 12, pp35-36. 8. Jeanette Robin (1964).