Krishna Bharadwaj

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Krishna Bharadwaj (born August 21, 1935 in Karwar , Karnataka , † March 8, 1992 ) was an Indian economist who is best known for her contributions to economic development theory and the revival of the ideas of classical economics .

Life

Entering college in Belgaum , a famous center for classical music, her talent as a singer was discovered early on. She took singing lessons and won several competitions by the age of 15. But a sore throat brought her career as a singer to an end. After studying and receiving a top post-graduate degree in Bombay , she completed her doctoral thesis in transport economics in 1960.

In the same year Piero Sraffa's Production of Commodities by Means of Commodities was published. Bharadwaj was asked for the review by the editor of Economic Weekly . She solved this task brilliantly, which then formed the prelude to her further scientific work.

History of Political Economy

The term “neoclassical” blurs the differences and deceives the continuity of the theory and the problem with classical economics and neoclassical theory . However, it is far more appropriate to speak of a clear “theoretical break” here. Bharadwaj therefore criticizes John Stuart Mill for maintaining an unbroken continuity with classical theory. Samuel Hollander also tried to incorporate the historical Ricardo into the neoclassical era. Classic economics, however, pursued a completely different problem perspective than neoclassical price theory; Bharadwaj calls the latter "DSE" = "demand-and-supply-based equilibrium theories," that is, the theoretical tradition in the successor of Léon Walras . In contrast, “classical theory” in economics means:

"The classical theory we refer to had its beginnings in the works of William Petty in England and the Physiocrats in France. It advanced significantly through the contribution of Adam Smith and David Ricardo and found its comprehensive developments through radical reconstructions in Karl Marx . The DSE theories emerged in the third quarter of the nineteenth century, around the 1870s, spearheaded by the writings of Jevons , Menger and Walras. They rose to dominance eclipsing the classical approach not only for reasons of the logical and analytical hurdles the latter theory met with, but also because of the unacceptability of its sharp theoretical positions stressing the conflict-ridden dynamics of capitalist distribution and accumulation. The approach was prematurely abandoned and was superseded even while the logical problems remained unsufficiently explored and hence solved. "

In her contribution to the yearbook Economy and Society she discusses the socio-philosophical perspective of Smith's political economy as well as his explanation of the distribution of national wealth, which revolves around the concept of the social surplus product. She then deals with the criticism and further development of the Smithian approach by Ricardo and Marx and turns against the attempt to take over his teaching by the neoclassical theory of supply and demand.

Works

literature

  • Alessandro Roncaglia: Krishna Bharadwaj, 1935-1992. In memoriam. Metroeconomica. Vol. 44 Issue 3 Page 187 October 1993

Web links

Individual evidence

  1. ↑ so the translator Brigitte Preißl on Luigi L. Pasinetti : Lectures on the theory of production. Marburg 1988. p. 21
  2. ^ Krishna Bharadwaj: Themes in Value and Distribution. Classical Theory Reappraised. London 1989. Chap. III
  3. ^ Krishna Bharadwaj: Themes in Value and Distribution. Classical Theory Reappraised. London 1989. p. 1
  4. ^ Krishna Bharadwaj: Adam Smith's Contribution to Political Economy. Metropolis: Marburg, January 1991 ISBN 3-89518-989-8
personal data
SURNAME Bharadwaj, Krishna
BRIEF DESCRIPTION Indian economist
DATE OF BIRTH August 21, 1935
PLACE OF BIRTH Karwar , Karnataka
DATE OF DEATH March 8, 1992