periodical issue
The Indian Libertarian
An Independent Journal of Economic and Public Affairs
By MA Venkata Rao, M. N. Tholal
The Indian Libertarian, Arya Bhuvan, Sandhurst Road, Bombay 4 · Bombay · 1961
20 pages
The Indian Libertarian
Summary
This 1 January 1961 issue of The Indian Libertarian (Vol. VIII No. 19), the Bombay fortnightly edited by Kusum Lotwala, opens with an obituary editorial for Ellen Roy, the Radical Humanist and widow of M. N. Roy, and runs signed articles on socialism and inflation, the Congo crisis, and Indian materialist philosophy (Lokayata), alongside a Rationalist Supplement and standing departments. The full twenty-page issue is rendered, though the signed articles run past their opening pages. The journal’s frame remains classical-liberal: a critique of socialism’s inflationary consequences and a realist reading of Cold War interventions, set beside a tribute to the radical-humanist tradition.
Essays
Editorial
The editorial ‘The Sad Demise of Mrs. Ellen Roy’ is an obituary for Ellen Roy, who was murdered at Dehra Dun on 14 December 1960. It recounts her French-American-German parentage, her marriage to M. N. Roy, their shared journey from the Congress and the Radical Democratic Party into the Radical Humanist Movement, and her continuation of his journal The Radical Humanist after his death. The journal mourns the loss of an outstanding worker for India’s freedom and cultural uplift.
- Obituary for Ellen Roy, widow of M. N. Roy, murdered at Dehra Dun on 14 December 1960.
- Traces her path with M. N. Roy from the Congress and Radical Democratic Party to the Radical Humanist Movement.
- Notes she continued editing The Radical Humanist after her husband’s death.
Socialism and Inflation
By MA Venkata Rao
M. A. Venkata Rao’s ‘Socialism and Inflation’ argues that socialist programmes, by demanding more than economies can deliver, drive inflation and so erode the wellbeing of the very people they claim to serve. The opening pages set out the case that inflation is a tax on the people and that monetary discipline is preferable to the socialist procedure.
- Links socialist programmes to inflationary pressure.
- Treats inflation as a hidden tax that harms ordinary people.
- Argues for monetary discipline over socialist economic methods.
Fishing in Congo’s waters
By M. N. Tholal
M. N. Tholal’s ‘Fishing In Congo’s Waters’ takes up the 1960-61 Congo crisis and the conduct of the great powers and the United Nations there. The opening pages engage Nehru’s stance and the role of the UN Secretary-General Dag Hammarskjold, characteristic of the journal’s sceptical reading of Cold War interventions.
- Addresses the Congo crisis and great-power manoeuvring.
- Engages Nehru’s position and the UN’s role in the Congo.
- Continues the journal’s critical view of Cold War interventions.
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