Prof. L. M. Bhole

Laxman Madhao Bhole is Professor in the Department of Humanities and Social Sciences, IIT Bombay. After graduating from Poona University in 1965, he obtained his M.A. in Economics from Bombay University in 1967. He obtained Ph.D. from Bombay University in 1971 and joined Sydenham College, Bombay, where he taught for two years. He joined IIT Bombay in1973 and was the Head of the Department of Humanities and Social Sciences during 1989-92. He was awarded Maharashtra Government Open Merit Scholarship, Ford Foundation Scholarship, and UGC Fellowship for pursuing his studies at various levels. He visited the Institute for Studies in Economic Development, Naples, Italy for six months on an Italian Government scholarship. Prof. Bhole has been teaching Economics for more than 35 years.

A prolific writer, Prof. Bhole has many books, and over 125 research articles published in books and reputed journals, to his credit. His books are: (1) Investment, Interest, and Monetary Policy in India (1974); (2) Impacts of Monetary Policy (1985) (3) Financing of the Private Corporate Sector: Trends, Issues, and Policies (2000); (4) Essays on Gandhian Socio-Economic Thought (2000); (5) Financial Institutions And Markets: Structure, Growth, And Innovations (Fourth Ed.) (2004); (6) Collected Papers on Money, Interest, and Monetary Policy (2007); (7) Collected Papers on Credit and Finance (2007), (8) Collected Papers on Gandhian Thought (2007); (9) Unemployment, Inequality, Entrepreneurship, and other Collected Papers (2007).

Collected Papers on Gandhian Thought - Vol. 3 336 Pages, 17 x 24 cm, Tables & Figures ISBN 978-3-938054-11-6 - Softcover - EURO 58,80 ISBN 978-3-938054-23-9 - Hardcover - EURO n/a

About the book

Overview

The volume on Collected Papers on Gandhian Thought contains Twenty Eight papers and is an expanded version of my earlier book, Essays on Gandhian Socio-Economic Thought. These papers reflect my understanding, explanation, and interpretation of Gandhian thought and programme. Through them I have, in all humility, tried to discuss some of the aspects of the truly oceanic thought of M.K. Gandhi, who has been acknowledged by the whole world as "the man of the Twentieth Century".

Many philosophers, scientists, military leaders, and others believe that the Gandhian Alternative Paradigm holds a great promise for the survival of the present endangered civilization. At the same time, Gandhi is often misunderstood, misinterpreted, and misrepresented. There is, therefore, a continuous need for explaining the content and relevance of Gandhian thought. The present book seeks to help to achieve this task.

Excerpt (Introduction, p. 1)

If one ruminates over the question, what India has tried to achieve during the Twentieth Century, one finds that while her aim during the first half of the Century was Political Independence, it was Development during the second half. Whereas there was no ambiguity about the meaning and content of the first goal, there has been no such unambiguity about the meaning and content of the second goal, and about the method or strategy to achieve it. When India launched her “Development Enterprise” in 1951, “there was a legacy of pre-independence debate on India ’s development problems. This debate centered around the Gandhian approach, at one pole, and the ‘modernizing approach’ of Nehru at the other. The Gandhian approach has never been seriously discussed by either mainstream economists or by its left-wing critics ... both have largely accepted a ‘commodity centered’ approach. Thus, ... more goods are preferred to less; and a higher level of capital stock per worker has been considered unambiguously helpful in improving the standard of living” (Chakravarty, 1987, p.7). In other words, India embraced the Western Model of Development for rebuilding the Nation, and as a part of it, she has evolved a mixed economic system, with greater emphasis on Central planning till about 1985, and on progressively greater marketization thereafter.

Contents

1. Introduction

2. A Gandhian Critique of Planned Development in India

3. The Gandhian Perspective on the Contemporary Crisis and Economic Policy

4. Role of Market in Managing The Indian Economy: Need for A Holistic Perspective

5. Are The Market And State Alternative Development Paradigms?

6. Understanding Gandhi Through Romain Rolland's Writings

7. Gandhian Theory of Consumption

8. Some Reflections on Technology Transfer and the Challenge of Swadeshi

9. Appropriate Technology and Pattern of Industrialization for Developing Countries

10. Environmental Protection Through Sustainable Social Order

11. Gandhian Alternative to Western Socialism

12. Gandhi on Social and Racial Equality

13. Saamyayoga: Vinoba's Vision of an Alternative Social Order

14. Swadeshi: Meaning and Contemporary Relevance

15. Peace Research and Gandhian Peace Paradigm

16. A Case for Cow Protection

17. Rethinking on Secularism Through Gandhian Perspective

18. The Gandhian Model of Non-Violent Social Order

19. Gramswaraj: Twenty-First Century Imperative

20. Gandhian Approach to Economics and Culture of Peace

21. Gandhian Approach to Business Ethics

22. Which Leadership Model - Gandhian or Machiavellian?

23. Gandhian Approach to Industrial Relations

24. Conventional Vs. Gandhian Approach to Agricultural Development

25. A Gandhian Economist's Analysis of Appropriate Technology and Economy of Permanence

26. A Civil Servant's Economic Thought in a Gandhian Mould

27. Economics of Mahavir and Gandhi

28. The Relevance of Gandhi in Today's World

Audience

Teachers and students of economics, sociology, political science, psychology, and philosophy. Members of voluntary organizations, socio-political activists, implementers of welfare programmes, political and social leadership, and social workers in India and abroad.

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Excerpt - Chapter 1

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