B R Shenoy


Professor Bellikoth Ragunath Shenoy Ph.D (1905–1978) was a classical liberal economist. Born on June 3, 1905 near Mangalore, Karnataka, Bellikoth Ragunath Shenoy was educated at Benares Hindu University (where he secured a first class first at the MA Economics Exam in 1929) and later at the London School of Economics (LSE). As a student he actively participated in the freedom struggle and was jailed at Nagpur where he came under the close contact and immense influence of Pandit Madan Mohan Malaviya. At LSE he was inspired by the ideas of Professor Friedrich Hayek who later won the Nobel Prize in Economics. During this period two of his papers, "An Equation for the Price Level of New Investment Goods" (1931) and "Interdependence of Price Levels" (1933) appeared in Quarterly Journal of Economics which established him as an upcoming monetary economist. He was the first Indian economist to have a paper published in a leading scholarly journal.

After returning to India Shenoy taught at Wadia College (Pune), Gujarat College (Ahmedabad) and University of Ceylon. He was associated with various Government Bodies of Ceylon (now Sri Lanka) including the Commission on Currency and Department of Commerce. In 1942 he was appointed Principal, L. D. Arts College, Ahmedabad and then joined the Reserve Bank of India in 1945. During his RBI days he was the Far Eastern Representative of the IMF (1948) and an Alternate Executive Director of IMF as well as of the World Bank (1951-53).

Books
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PL480 and Indias Food Problem (1974)
Planned Progress or Planned Chaos? (East West Books, 1996)
The Post-War Depression: The Way Out (Kitabistan, 1944)
Ceylon, Currency and Banking (1941)
The Sterling Assets of the Reserve Bank of India (1953)
Problems of Indian Economic Development (1956)
The Indian Economic Scene: Some Aspects (1957)
Edited
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Economic Prophecies, edited by R K Amin & Parth J Shah (Centre for Civil Society, 2004)
Theoretical Vision, edited by R K Amin & Parth J Shah (Centre for Civil Society, 2004)
Liberalism and Less Developed Countries: Essay in Memory of Professor Bellikoth Raghunath Shenoy (Gujarat University, 1982)
Some Basic Economic Ideas of Prof. B R Shenoy (Economic Research Center, 1998)
Research Articles
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An Equation for the Price Level of New Investment Goods (Quarterly Journal of Economics, 1931)
Interdependence of Price Levels (Quarterly Journal of Economics, 1933)
Correspondences
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Shenoy-Hayek Correspondences (Set I, Hoover Institution Archives)
Shenoy-Hayek Correspondences (Set II, Hoover Institution Archives)
Mentions Published On
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The Indian Libertarian
Volume: 5  Issue: 28  Published on: December 1,1957
December 1,1957
The Indian Libertarian
Volume: 5  Issue: 30  Published on: October 1,1957
October 1,1957
The Indian Libertarian
Volume: 5  Issue: 31  Published on: December 1,1957
December 1,1957
The Indian Libertarian
Volume: 5  Issue: 32  Published on: December 1,1957
December 1,1957
The Indian Libertarian
Volume: 5  Issue: 33  Published on: December 1,1957
December 1,1957