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100 Years of the Problem of Rupee: Dr. B.R. Ambedkar's Historic Thesis Shapes India's Economic Future

Lucknow - What was the title of the thesis that Dr. B. R. Ambedkar submitted to the London School of Economics, for which he was awarded his doctorate in 1923? This might appear to be quite an easy question for most Ambedkarites, but Himani Bundela, a native of Jhansi, who breezed through the 15 questions of Kaun Banega Crorepati to win Rs 1 crore, couldn’t answer this question and deprived herself of the chance to win Rs 7 crore, the prize money for this question. The answer to this question – "The Problem of Rupee-its Origin and Solution" – is not an esoteric knowledge among Ambedkarites today. As the thesis completed 100 years in 2023, we take a look at the thesis that surpassed the boundaries of a research paper.

On this day, 15th December 1926, Dr. Ambedkar presented evidence before the Royal Commission on Indian Currency and Finance on his thesis - "The Problem of Rupee." It is said that each member of this commission held a copy of Dr. Ambedkar’s 257-page paper. It is noteworthy that the paper completed 100 years this year, as it was presented and published in 1923 as the thesis for his doctoral research at the prestigious London School of Economics (LSE).

The Doctoral Thesis that Laid the Foundation of the Indian Banking System

Dr. Ambedkar postulated the need, working style, and outlook of the Royal Commission, also known as the Hilton Young Commission. The Commission duly incorporated the guidelines presented by Ambedkar in 1926, and later the legislative assembly passed the recommendations in the name of the RBI Act 1934. Consequently, the Reserve Bank of India was established on 1st April 1935.

During British rule, the Indian currency was pegged to the British pound, and the exchange rate was fixed at a rate that favored British interests. The British Indian government had absolute control over the issuance of currency, and they used this power to manipulate the value of the rupee to their advantage.

In his thesis, he exposed the strategy of the British to keep the exchange rate inordinately high, which tipped the balance in favor of their factory products.

One of the major issues was the constant devaluation of the Indian rupee by the British government. The value of the rupee was artificially lowered to benefit British exporters and to finance the expenses of the colonial administration. This devaluation had severe economic consequences for the Indian population, leading to inflation and a decline in the standard of living.

Gold Exchange Standard

He argued that the gold exchange standard does not have stability, and developing countries like India cannot afford gold exchange standards as they are prone to inflationary pressures. He buttressed his claims with statistical figures. The thesis also advocated the regulation of government deficits and the circular flow of money. The book comprises seven chapters.

In the first three chapters of the book, he touches upon the deficiencies associated with silver currency. In the first chapter of the book known as “From a Double Standard to the Silver Standard,” he has touched upon the economic contours of the Mughal Empire and mentioned that the economic condition during the Mughal era was much better than that in the English Empire. Dr. Ambedkar explained how silver standards had been established through the waning of gold currency and how it had been supplemented by paper currency. He pointed out that Act XXIII of 1870 did nothing new - neither the number of the coins authorized by the mints nor its tender-powers. Rather, it helped make some improvements in monetary laws. Since the invention of coinage, people always thought that the actual value of the coin can be exact with the price of the coin legalized by the mint. So according to him, the exact value of the coin can’t, however, always be the same as the certified value.

In the second half of the chapters, Ambedkar draws a comparison between the rupee and coins. The second chapter is "The Silver Standard and the Dislocation of its Parity." In the introduction to the third chapter, “The Silver Standard and the Evils of its Instability,” Ambedkar was concerned about the economic results of the disruption of the ‘par’ of exchange, and he describes it as the most “far-reaching character.”

In the fourth chapter of the book, titled “Towards the Gold Standard,” Ambedkar focuses on how the establishment of a stable economic system was contingent upon the re-establishment of a common standard of value. In the seventh as well as the last chapter of the book titled “A Return to the Gold Standard,” Ambedkar examined the system of the economy that was moving towards the changes made in the exchange standards.

The Thesis that Left its Imprint on Economy and History

Only a few research papers and theses have left their imprint on the economic structure of an economy as "The Problem of Rupee-its Origin and its Solutions" has. The fact that the Reserve Bank of India, the central bank of the country, was formed based on the guidelines made in the research paper proves the acumen of Dr. Ambedkar as an economist.

The research paper was published in 1923 by P. S. King and Sons and had the foreword by Edward Kennan, who grossly disagreed with the assertion of Ambedkar in his thesis. The Thesis is also published by the Dr. Ambedkar Foundation as a part of Dr. Babasaheb Ambedkar's writings and speeches.

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BR Ambedkar in London: A thesis completed, a treaty concluded, a ‘bible’ of India promised

An excerpt from ‘indians in london: from the birth of the east indian company to independent india’, by arup k chatterjee..

BR Ambedkar in London: A thesis completed, a treaty concluded, a ‘bible’ of India promised

About two decades ago, when [Subhash Chandra] Bose was still at Cambridge, a letter dated September 23, 1920 arrived at Professor Herbert Foxwell’s office at the London School of Economics. It was written by Edwin R Seligman, an economist from Columbia University, introducing an exceedingly talented scholar – Mr Bhimrao Ramji Ambedkar. Two months later, Foxwell wrote to the secretary of the School that there was no more intellect that the Columbia graduate could conquer in London.

The first Dalit to study at Bombay’s Elphinstone College, Ambedkar, was awarded a Baroda State Scholarship that took him to Columbia University in 1913. Three years later, he found his way to London, desirous of becoming a barrister as well as finishing a doctoral dissertation on the history of the rupee. Ambedkar enrolled at Gray’s Inn, and attended courses on geography, political ideas, social evolution and social theory at London School of Economics, at a course fee of £10.10s.

In 1917, Ambedkar was invited to join as Military Secretary in Baroda, earning at the same time a leave of absence of up to four years from the London School of Economics. Back in India, he taught for a while as a professor in Sydenham College in Bombay, while also being one of the key intelligencers on the condition of “untouchables” in India for the government, during the drafting of the Government of India Act of 1919.

In late 1920, Ambedkar was to return to London, determined more than ever before, not to spare a farthing beyond his breathing means on the city’s allurements. Each day, the aspiring barrister woke up at the stroke of six. After a morning’s morsel, he moseyed into the crowd of London to find his way into the British Museum.

At dusk, he would leave his seat reluctantly – after being made to scurry out by the librarian and the guards – his pockets sagging under the notes that would finally become his thesis, The Problem of the Rupee , some of whose guineas would eventually find their home in the Constitution of India that he was going to author about three decades later. Back at his lodging at King Henry’s Road in Primrose Hill, mostly on foot, Ambedkar would live on sparsely whitened tea and poppadum late into the night.

It was here that the daughter of Ambedkar’s landlady, Fanny Fitzgerald, a war widow, found her affections strangely swayed by the Indian scholar. Fitzgerald was a typist at the House of Commons. She lent him money in difficult circumstances and volunteered to introduce him to people in governance, with whom he could discuss the Dalit question that was raging in India.

An apocryphal story goes that Miss Fitzgerald once gave Ambedkar a copy of the Bible. On receiving it, the future Father of the Indian Constitution promised to dedicate a bible to her of his own authoring. True to his commitment, he would fondly dedicate his book What Congress and Gandhi Have Done to the Untouchables (1945) to “F”. The incident, when that promise was exchanged, occurred after Ambedkar was called to the Bar in 1923.

In March that year, his doctoral thesis ran into trouble possibly because of its radical approach to the history of Indian economy under the British administration. He might have taken the subtle hint that passages in his work needed tempering – a notion that a man of his vision was likely to have quietly pocketed more as a compliment than an insult.

Ambedkar would have been happy to chisel the nose from his David for the show, like Michelangelo had four centuries ago in order to appease the connoisseur-like pretense of Piero Soderini, who had quipped, “Isn’t the nose a little too thick?” That done, Ambedkar resubmitted his thesis in August. It was approved two months later and published almost immediately thereafter. He expressed gratitude to his professor, Edwin Cannan, who, in turn, wrote the preface to his thesis, before Ambedkar travelled to Bonn for further studies.

Babasaheb, as he was now beginning to be called, was to return to London for each of the three Round Table Conferences held between 1930 and 1932. Two months before the Third Round Table Conference – in which both Labour and the Congress were absentees – Ambedkar and Gandhi reached a historic settlement in the Poona Pact. In September 1932, from the Yerwada prison near Bombay, Gandhi began a fast unto death protesting against the Ramsay MacDonald administration that was determined to divide India into provincial electorates on the basis of caste and social stratification.

In the pact signed with Madan Mohan Malviya, Ambedkar settled for 147 seats for the depressed classes. But the pact to which he was forsworn – tacitly made in London with Fanny Fitzgerald – that of writing the bible of modern India, was brewing like a storm that would take the form of an open battle between him and Gandhi, in the years of the Second World War.

Despite the strong network of Indians at the London School of Economics, Ambedkar chose not to hobnob with India League members. What might have been a sort of marriage-made-in-heaven between him and [VK Krishna] Menon was forestalled. If Menon was Nehru’s alter ego, he would also be instrumental in shaping the early career of the man to become an alter ego – principal secretary –to Indira Gandhi.

In the winter of 1935, a twenty-something Parmeshwar Narain Haksar arrived in London, enrolled as a student at the University College. The following year, he made an unsuccessful attempt for the civil services. In 1937, Haksar became a Fellow of the Royal Anthropological Institute, a distinction conferred on him with support from noted anthropologist Bronislaw Malinowski.

Although Haksar also studied at the London School of Economics, it probably never became public knowledge if he had acquired formal degrees from either university. Whether or not he did, as a scholar he commanded great attention from British intellectuals, especially in his arguments on the crisis of education in India, which he reckoned had been tailored to perpetuate British imperial interests and low levels of literacy in the colony.

Haksar was to be called to Bar at the Lincoln’s Inn, but, at the beckoning of Nehru, he would join the Indian Foreign Service in 1948. His red days in London were to yield him lifelong companions. In the 1930s, the Comintern came up with the policy of hatching popular fronts all across Europe with which to counter the growing threat of Nazism and Fascism. It was a phase in European ideologies that strongly affected British politics, and popular movements led by Labour leaders and student communists in London – a cosmopolitan and unswervingly left-leaning outlook that shaped much of the administration and policies of independent India until the years of the Emergency.

A socialist himself, Haksar held an influential position in the Federation of Indian Societies in UK and Ireland besides becoming the editor of its magazine, The Indian Student . His links with the Communist Party of Great Britain, Rajani Palme Dutt and the Soviet undercover agent at Cambridge, James Klugman – indeed with almost anyone of some consequence who supported the cause of Indian liberation – was more than enough for Scotland Yard to keep him closely watched in London.

In September 1941, when the India League organised a commemoration at the Conway Hall in Red Lion Square for the late Rabindranath Tagore a few months after his demise, Scotland Yard obliged by adding a leaf to their surveillance files. Inaugurated by M Maisky, a Russian ambassador, it was just one in a sea of events concerning India that the Yard and other intelligencers of His Majesty’s Government would tolerate during the interwar years. Almost all such gatherings featured subversive pamphlets and books published by the League and similar organisations that were openly lauded by Soviets and Soviet sympathisers.

It was just as well that Nehru also had to tolerate that under the shield of Haksar’s own watch a new romantic plot thickened around Primrose Hill, that of his daughter Indira and future son-in-law, Feroze. Feroze had his flat at Abbey Road and Haksar lived half a mile away, at Abercorn Place. Haksar was befriended by the Gandhis – Indira and Feroze – who introduced him to Sasadhar Sinha of the Bibliophile Bookshop. That, besides the India League and Allahabad connection, not to mention Haksar’s enviable culinary skills, ensured that he was soldered to the future of the Gandhis.

The future of the man who had leant the family his coveted surname would also take a blow on the burning issue of caste. Gandhi was not to be remembered as the sole nemesis of the British Empire. In an interview given to the BBC in 1955, Babasaheb indicated that one of the biggest reasons behind Clement Attlee handing over the reins of the Indian administration so suddenly was the persistent fear of a massive armed uprising in the colony.

He implied that the road to independence had already been paved by the Azad Hind Fauj brigadiered by Netaji. Bose had departed from London during Ambedkar’s days in the London School of Economics. But, he would return in Haksar’s time.

dr br ambedkar thesis london school of economics title

For those of you who may not know, Dr. Ambedkar is a Dalit, an Indian jurist, economist, politician, activist and social reformer, who systematically campaigned against social discrimination towards women, workers, but most notably, towards the Dalits, and forcefully argued against the caste system in Hindu society. Dr. Ambedkar was the main architect of the Constitution of India, and served as the first law and justice minister of the Republic of India, and is considered by many one of the foremost global critical thinkers of the 20 th c., and a founder of the Dalit Buddhist movement. Ambedkar’s fight for social justice for Dalits, as well as women, and workers consumed his life’s activities: in 1950 he resigned from his position as the country’s first minister of law when Nehru’s cabinet refused to pass the Women’s Rights Bill. His feud with Mahatma Gandhi over Dalit political representation and suffrage in the newly independent State of India is by now famous, or I should say notorious, and it is Dr. Ambedkar who comes out on the right side of history.

The bronze bust, sculpted by Vinay Brahmesh Wagh of Bombay, was presented by the Federation of Ambedkarite and Buddhist Organizations, UK to the Southern Asian Institute of Columbia University on October 24, 1991, and then the wooden pedestal on which the statue now rests was donated by the Society of the Ambedkarites of New York and New Jersey, and placed in Lehman Library in 1995. The bust is the only site in the city where Dr. Ambedkar is honored, and is one of the most popular sites in enclosed spaces on campus that I have seen (you have to walk past the library entrance to get to it). 

Every year, on April 14 th, Ambedkar’s birthday, Ambedkar Jayanti or Bhim Jayanti, is celebrated in India (as an official holiday since 2015), at the UN (since 2016), and around the world. On this day, many visitors flock to Lehman Library, to pay tribute to Baba Saheb and place garlands on the bust. The sight of the visitors– many of whom come to Columbia just to see the bust and pay homage to the man who changed Indian society, brings home the significance of recognizing our critical thinkers, across cultures, eras, languages, divisions and types of social injustice, in the public fora of libraries. It is a powerful reminder that it is through scholarship and indeed through libraries and learning that human differences and injustices can be better understood, addressed and perhaps overcome.  

dr br ambedkar thesis london school of economics title

Years later, Dr. Ambedkar writes: ‘The best friends I have had in life were some of my classmates at Columbia and my great professors, John Dewey , James Shotwell, Edwin Seligman , and James Harvey Robinson.'” (Source: “‘Untouchables’ Represented by Ambedkar, ’15AM, ’28PhD,” Columbia Alumni News, Dec. 19, 1930, page 12.)

dr br ambedkar thesis london school of economics title

Ambedkar majored in Economics, and took many courses in sociology, history, philosophy, as well as anthropology.

In 1915, he submitted an M. A. thesis entitled: The Administration and Finance of the East India Company . (He is believed to have begun an M. A. thesis entitled  Ancient Indian Commerce earlier. That thesis is unavailable at the RBML but it is reprinted in volume 12 of Ambedkar’s collected writings). By the time he left Columbia in 1916 Ambedkar had begun research for his doctoral thesis entitled: “National Dividend of India–A Historic and Analytical Study. About this thesis, Ambedkar writes to his mentor Prof. Seligman, with whom he forged a long and friendly correspondence, even after he left Columbia:  “My dear Prof. Seligman, Having lost my manuscript of the original thesis when the steamer was torpedoed on my way back to India in 1917 I have written out a new thesis… [ …from the letter of Feb. 16, 1922, Seligman papers, Rare Book and Manuscript Library, Columbia University ” cited in Dr. Frances Pritchard’s excellent  online website about Ambedkar ]. In 1920, Ambedkar writes: “My dear Prof. Seligman, You will probably be surprised to see me back in London. I am on my way to New York but I am halting in London for about two years to finish a piece or two of research work which I have undertaken. Of course I long to be with you again for it was when I was thrown into academic life by reason of my being a professor at the Sydenham College of Commerce & Economics in Bombay, that I realized the huge debt of gratitude I owe to the Political Science Faculty of the Columbia University in general and to you in particular.” B. R. Ambedkar, London, 3/8/20” , (Source: letter of August 3, 1920, Seligman papers, Rare Book and Manuscript Library, Columbia University, cited in Pritchard’s website ).  Ambedkar would join the London School of Economics for a few years and submit a thesis there, but then, he would eventually come back to Columbia, to submit a Ph.D. thesis in Economics , in 1925 under the mentorship of his dear friend Prof. Seligman, entitled: The Evolution of Provincial Finance in British India: A  Study in the Provincial Decentralization of Imperial Finance .  (It should be noted here that the thesis was first published in 1923 and again in 1925, this time with a Foreword by Edwin Seligman, by the publishers P. S. King and Son).

dr br ambedkar thesis london school of economics title

If it is Seligman he stayed in touch with and corresponded throughout, the person who most influenced his thought and shaped his political, philosophical and ethical outlook, was Dewey. For many thinkers, the links between Dewey and  Ambedkar’s ethical and philosophical thinking are obvious.  Ambedkar deeply admired Dewey and repeatedly acknowledged his debt to Dewey, calling him “his teacher”.  Ambedkar’s thought was deeply etched by John Dewey’s ideas of education as linked to experience, as practical and contextual, and the ideas of freedom and equality as essentially tied with the ideals of justice and of fraternity, a concept he would go on to apply to the Indian context, and to his pointed criticism of the caste system. Echoing many ideas propagated by Dewey, Ambedkar writes in the Annhilation of Caste : “Reason and morality are the two most powerful weapons in the armoury of a reformer. To deprive him of the use of these weapons is to disable him for action. How are you going to break up Caste, if people are not free to consider whether it accords with reason? How are you going to break up Caste, if people are not free to consider whether it accords with morality?” 

Having sat in several classes given by Dewey, and as early as 1916, Ambedkar would go on to address, at a Columbia University Seminar taught by the anthropologist Prof. Alexander Goldenweiser (1880-1940), his colleagues and friends with many of the ideas he later developed in his famous book: the Annihilation of Caste. The paper “ Castes in India: Their Mechanism, Genesis, and Development ” contains many similarities to the Annihilation of Caste, and some of the books’ essential tenets., as acknowledged by Ambedkar himself ( Preface to the 3rd edition, Annihilation of Caste ).

dr br ambedkar thesis london school of economics title

The Columbia University Archives and the Columbia University Libraries hold many resources related to Dr. Ambedkar and to the Dalit movement and Dalit literature. For any inquiries regarding relevant resources, please do not hesitate to contact us: Gary Hausman : South and Southeast Asian Librarian , Global Studies; Rare Book and Manuscript Library: RBML Archivists

Happy Baba Saheb Ambedkar Juyanti!

Kaoukab Chebaro , Global Studies, Head

Today, for the first time studying for Civil Services I got to know about this great man. I think that in the galaxy of freedom fighters which India have produced he was the one we can truly say as the ‘Pole Star’. A true leader who walked the talk, he fought not only for country but also for the rights of the minority who were being annihilated for centuries. We should take cue from this man and try to go for equality, and that equality should be of thoughts, feelings and desires. It’s not at all wrong to aspire for greatness in life but to stifle a man’s path with the chains of societal norms is a sin in my sense. I hope to imbibe some of his qualities in my life. Let long live his legacy.

Thus my goodDr.BR. Ambedkar

Indeed Great emancipator of millions marginalised people, architect of Indian constitution, philosopher, economist, social reformer, jurist, astute politician no lastly father of modern India !! Jaibhim !!

What a great man. Wonderful article.

If it wasn’t for Dr.Ambedkar I wouldn’t be here in this country and have a life that I do now. I will forever be indebted to this Great Man’s courage in the face of adversity. Words cannot describe the gratitude I have for this man Thank you

Excellent effort to make this blog more wonderful and attractive.

Dr. Ambedkar was a great man.

Wonderful Article and an excellent blog. Greetings. Llorenç

Baba Saheb Dr. B R Ambedkar is alive in his works for humanity. Study Social Science or Law, or Education, or about farmers, or Dams and irrigation, or planning commission and budget or journalism, or human rights ……. on most of the subjects and disciplines, his live seen in his works and writtings. By reading him; his life, and his works, he inspires others by his works for the betterment of the society and a world, as a whole.

  • Pingback: Ambedkar and the Study of Religion at Columbia University

Every breathe I take today is because of your struggle to give us an equal and fair society. It could not be possible to imagine even a single day without understanding your life and struggles. Each and every aspect of my existence is because of you Babasaheb. However, the current state of Dalit society pains me.

Such a great personality, tried hard to improvise the system in the country but had to face too much opposition and hatred. Salute to his strength and beliefs that he continued his fight for social justice despite such circumstances.

He was a great man, I considered India’s progress because of his work for the emancipation of millions of marginalized people in India

Is Columbia University conducting a Post Graduate course or PHD on Dr. Ambedkar thought?

Baba sahab Was great human Baba sahab is great human Baba sahab will great human .

Baba sahab god gifted and human for students, politicians, poor humans and all leaders ❤❤

I am thankful to Babasaheb Ambedkar for the beautiful living given to me by his at most efforts to eradicate the caste system through out India and to uplift the standard of living of the downtrodden of this country. He was a great man who fought for the rights and upliftment of the downtrodden and the dignity of women of this nation. A true Indian and a great patriot of the nation. I salute him for his work and knowledge.

Amazing article for some history info please read https://knowledgekart.in/blog/the-complete-history-of-modern-india-for-upsc-ias/

A Bengali Chandal, who, according to Manu Code, later redesignated as Namasudra, I am grateful, over head and ears, to the teachings and thoughts of Dr. Babasaheb B. R. Ambedkar who inspired with dreams and shaped my life and achievement. Lost my parents by two and half years, I was brought up by my two elder elder brothers, both illiterate under care of my father’s childless sister, who took full charge of me. A family of poor agriculturist, my eldest brother was just literate but the second elder brother was totally illiterate. They were, nonetheless, all supportive of my education. Not only my family was illiterate but the whole village as well as the locality comprising hundreds and thousands of people, men and women, were illiterate. I had none to help me in my village for studies. My village boasted of a primary school, established 10 years before my joining the same . ****The village school was upgraded class by class till 10th standard by 1962. But before that I had to migrate elsewhere for Matriculation Examinations which I cleared with FIRST DIVISION—none did this before me around. I went for studies up to B. A. (Hons. in Economics). Then I sat for IAS Exams and was declared I qualified against a reserved candidate by the UPSC. One of my assignments IN 33 YEARS career was as Vice-Chancellor, Babasaheb Bhimrao Ambedkar Bihar University, Muzaffarpur, Bihar. The original name of the University was Bihar University, which, as a homage to the great son in the year of his centenary was rechristened as Babasaheb Bhimrao Ambedkar Bihar University. It was my pleasant duty to change the name of the university in accordance with the mandate of the law as passed by Bihar State Legislature. Maharashtra fought for 20 years to implement the legislative mandate. There was widespread violence and mayhem in Marathwada over the change of name of Marathwada University. I changed the name the day I joined the university as Vice-Chancellor without anybody even knowing how did I do it. No force was used or no violence occurred. This is my most adorable, nay proud, moment in my career. **** I am an author and have published innumerable articles carried by many leading English journals and dailies over last three decades. ****I prosecuted studies as a private candidate and passed MA. I also did my dissertation for Ph. D. All these I did when government assigned light duty to me. ****In three decades, one highly reputed Delhi English Weekly alone carried about four hundred thousand (400,000) words having great bearing social significance. I am a researcher. Babasaheb is my ideal and my beacon light. I am grateful to him.**** I prosecuted my studies with Welfare Scholarships of Government of India without which I could not have done what I have did. *****I have suffered hatred, discrimination, bias and injustice in various spheres. By the way, I have also been topper in my class irrespective of students belonging to different castes. English is my forte. I write in Bengali too.

Because of Dr. BR Ambedkar i am alive today, he is my past, present and my future, my heart, my soul. Thank you for saving my life and many generations.

Amazing Article. No words to explain how I felt touched being a follower of Dr. Ambedkar

He is my inspiration❤️ Babasaheb

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Looking back at Ambedkar's student life as LSE releases archives

UK's prestigious London School of Economics has released archival documents on Dr B R Ambedkar, one of its famous students and architect of the Indian Constitution, to mark his 125th birth anniversary. Ambedkar was studying at the Columbia University in 1920 when economist Edwin R Seligman wrote to Professor Herbert Foxwell, teaching at London School of Economics (LSE), asking him to help Ambedkar with his research. "I find he has already taken his doctor's degree and has only come here to finish a research. I had forgotten this. I am sorry we cannot identify him with the School but there are no more worlds here for him to conquer," Foxwell wrote to LSE secretary Mrs Mair soon after. The Dalit leader's student days in London were marked by Prime Minister Narendra Modi last November when he opened a museum at his former home in north London. Ambedkar went on to register for a master's degree and completed a PhD thesis at LSE. The year 2016 also marks the centenary of his first visit to LSE in 1916, the LSE said in its release. "In 1916, he registered at LSE for a master's degree and took courses in Geography with Halford Mackinder, and Political Ideas with G Lowes Dickinson, alongside Social Evolution and Social Theory with Professor L T Hobhouse. The fees for the course were 10 pounds 10 shillings. "At the same time, Ambedkar enrolled for the bar course at Gray's Inn," the LSE documents show. Ambedkar's studies were interrupted as he was recalled to India to serve as Military Secretary in Baroda and in July 1917 the University of London gave him leave of absence of up to four years. In 1920, Ambedkar returned to LSE after working as professor of political economy at Sydenham College in Mumbai and giving evidence to the Scarborough Committee preparing the 1919 Government of India Act on the position and representation of "untouchable" communities. Initially, he applied to complete his masters degree and wrote a thesis on 'The Provincial Decentralisation of Imperial Finance in India'. "There was a slight glitch in his LSE career in April 1921 when he failed to send in his form for the summer examinations and the School Secretary, Mrs Mair, had to write to University of London's Academic Registrar for permission to submit the form late," the LSE records. Ambedkar finally submitted his doctoral thesis, 'The Problem of the Rupee', in March 1923 but it was not recommended for acceptance and reports claim that the thesis was too revolutionary and anti-British for the examiners. However, there is no indication of this in Ambedkar's student file. The thesis was resubmitted in August 1923 and accepted in November 1923.

After his success in academics, Ambedkar returned to India where he was prominent in the campaign for Indian independence and opposing discrimination against Dalit communities.

On August 29, 1947, the iconic leader was appointed Chairman of the Constitution's 'Drafting Committee'. He was awarded 'Bharat Ratna', India's highest civilian award, in 1990. He died in 1956 at the age of 65.

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​ All About Ambedkar  

Issn 2582-9785, a journal on theory and praxis, on economics, banking and trades: a critical overview of ambedkar's “the problem of the rupee”.

Janardan Das

The Problem of Rupee is 257-page long paper written by Dr. B. R. Ambedkar that he presented as his Doctoral thesis at the London School of Economics (LSE) in March 1923. In it, Ambedkar tried to explain the troubles that were associated with the national currency of India - the Rupee. He argued against the British ploy to keep the exchange rate too high to facilitate the trade of their factory products.

In this article, I have tried to summarize the aforesaid book by Dr. Ambedkar. I have also tried to focus on how he advances his speech depicting the ups and downs of the Indian economy and currency. He introduces us to the characteristics of trade and business in our country even from the time when it was divided into several monarchical regions. He proclaims that in our country, the trade of any product had been conducted through the exchanges of money and those particular products. So evidently our merchant society is typically crowned as a pecuniary society that only runs on money.

Quoting W. C. Mitchell, Ambedkar reiterates that economists say money is pivotal to every individual in a society. And without the use of money, the distribution of anything can be a matter of disagreement and disturbance. In the next few lines of his speech, in the first chapter, he describes how the standards and currency were in the time of the Mughal empire and he certainly mentioned that the economic condition of the country was far better than that of today's, because it had a world-wide boundary of trade and free use of gold mohur and the silver rupee . Actually, before the administrative and financial invasion of British, Gold and silver were the inevitable parts of the medium of exchange without any fixed ratio. Hindu emperors and the Muslim emperors had some similarity in their trading features- both of them had a permissible use of metal coin in their empire but in the Mughal empire silver coins were at the center of currency, and later gold coins took that place in the Hindi empires. Mohur and rupee were similar in size, weight and composition. But the silver currency was unknown or more precisely unpopular to the southern part of the great Indian sub-continent because of the failure of Mughal administration. Instead of such coins, they normalised pagoda , the ancient gold coin traditioned from the time of Hindu kings. Mughals made allowances to recuperate the problems regarding faulty technology of the mints. Dr. Ambedkar observes that Mughals had initiated a system of provincial mints that had been maintained or ruled by a single unit or division. That made it easy to examine the issues related to monetary funds or mints. But later, these issues continued to be grow larger and made the poor and ignorant people suffer. He also tried to conjugate the great re-coinage of 1996 (?) . In the last half of the chapter, Ambedkar compared the coins as well as the rupee in every possible way.

Our country was divided into three presidencies during the British rule. So the British government set their target to change the parallel standard popular in Mughal times into a double standard by establishing an authorised ratio of exchange between pagoda , rupee , and mohur . But somewhere their effort partially went in vain. He gave a pictorial glimpse of how Bengal took this effort and tried to fix that ratio. Mainly, these types of attempts were taken and recommended by the Court of directors. But these steps were left to carry out by many of the provincial governments of India. In the first chapter of the problem of the rupee, Dr. Ambedkar explained how silver standards had been established through the vanishing of gold currency and how it had been supplemented by the paper currency. He also retorted how the Act XXIII of 1870 actually introduced nothing new - neither the number of the coins authorised by the mints nor its tender-powers. Rather, it helped just to make some improvements in monetary laws. Since the invention of coinage people always thought that the actual value of the coin can be exact with the price of the coin legalised by the mint. So according to him, the exact value of the coin can’t however always be the same as the certified value. That’s why in foreign countries, coins will not be legal tender if they vary from their legal standards beyond a certain limit. So, making coins legal tender without defining a certain limit to its toleration certainly makes way to cheat. Convincingly, the Act set a certain legal limit to the coins of its tolerance. The act also made an improvement that was to recognise the principle of free coinage. But we can not say that this principle of free coinage was perfect in every possible way as Ambedkar himself once said in this chapter that the principle had not been paid that much attention it deserved. Though it was the very basis of well-established currency in that it has an important bearing on the cardinal question of the amount of currency inevitable for the transactions of the people. According to Ambedkar, to solve this problem, two ways can be very useful to regulate such a huge quantity of transactions. One possible way is to close the mints and to leave it to the judgment of the government to handle the currency to suit our needs. The other way is to keep the mint as it is and to leave it to the self-interest of individuals to determine the amount of currency they need. Ambedkar aptly indicated both of the similarities and contradictions of the above-mentioned Act with the other ones where surely, he finds its incapability to regulate such a large quantity of currency.

In the introduction to the third chapter, Ambedkar was concerned about the economic results of the disturbance of the ‘par’ of exchange and he narrates it as the most “far-reaching character”. Our economic world can be sectioned into two neatly defined groups of people. These two categorised community had learned to use gold and silver and their standard money or purchasing standards. By giving a reference to 1873, he said that when a large amount of gold becomes equal to a large amount of silver, it barely matters for international transactions. It doesn’t make so much difference in which of the two currencies its obligations were stipulated and realized. But due to the dislocation of the fixed ratio or par, it becomes hard to indicate particularly how much silver is equal to how much of gold from one year to another, even from month to month. This exactitude of value which is the pivotal potential of monetary exchange, makes space for ambiguities of gambling. So, flatly all countries weren’t drawn to this center of perplexities in the same degree and the same extent; but yet it’s impossible for a nation which is a part of the international commercial world to escape from being dragged into it. This was true of our country as it was of no other country. India was a silver-standard country bound to a gold-standard country, so that her economic and financial picture was at “the mercy of blind forces operating upon the relative values of gold and silver which governed the rupee-sterling exchange.” Later in the discussion, Ambedkar pointed out the burdens of Indian economy and introduced us to an index [Table-XI] chart regarding the rupee cost of gold payments which showed data from year to year. If we give pay attention to the points figured out by Ambedkar, we can see that these burdens never stop, rather it’s been increasing day by day. Gradually, it caused various policies of high taxations and rigidity in Indian finance. Dr. Ambedkar brilliantly analysed Indian budgets between 1872-1882 and he proved that hardly a year passed without making an addition to the everlasting impositions on the country. He also analysed the information found in Malwa Opium Trade and was able to find errors in the economic policies of the Indian government. The taxes that the government standardized in these trades probably help the Indian economy to feel secure around the end of 1882. The government started exercising the virtue of economy along with the increment of resources. They found cheap agency of native Indians instead of employing imported Englishmen. And it was easy to use native intellect because the Educational Reforms of 1853 clearly says about the access of natives in Indian Civil Service. Thus, he finds the British try to set up a strong economy in India under the British Raj.

In the fourth chapter of the book, Ambedkar focuses on how the establishment of a stable economic system was dependent upon the re-establishment of a common standard of value. As it was the purpose just to normalise a common standard of value, its fulfillment was by no means an easy matter. The government found mostly two ways to make an experiment or practice. First thing was to declare any of the common metal as the standard currency and the second was to let gold and silver standard countries keep to these metal currencies and to establish a fixed ratio of exchange as to turn these to metal into a common standard of value. The first idea of normalising metal currency other than gold and silver was to make other countries leave their standards in favour of gold. If we look back at the history of movements for the reform of the Indian currency, we will mainly find two movements. The movement that led to introduce a gold standard first occupies this field. Dragging a reference to a ‘Report of the Indian Currency Committee’ of 1898, Dr. Ambedkar said that the notification of 1868 had bluntly failed and this failure doesn’t affect the history because the movement had already started earlier in the sixties and the movement had still life in it. Clearly, it is shown by the fact that it was revived four years later by Sir R. Temple, when he became the Finance Minister of India, in a memorandum dated May 15, 1872.

In the next few lines, Dr. Ambedkar talks about the second movement for the introduction of the gold standard that was conducted by Colonel J. T. Smith, the able Mint Master of India. Frankly, Dr. Ambedkar mentioned that his plan was a redress for the falling exchange. In this topic, he quoted the actual speech of Smith that was published in 1876 in London. Depicting the whole principle behind the presentation of J. T. Smith, Baba Saheb found it was considerably supported by the fall of silver in British India.

Now in the fifth chapter, we come to know that once somewhere Indian economic system felt that the problem of an erosive rupee was favourably dissolved. The long-lasting concerns and niceties that lingered over a long period even for a quarter of the century could not but have been successfully compensated by the adoption of a redress like the one mentioned in the fourth chapter. But unfortunately, the system originally planned, failed to be designed into reality. In its place, a system of currency in India grew up which was the very reverse or contradictory of it. A few years later when the legislative sanction had been shown the recommendations and suggestions of the Fowler committee, the Chamberlain Commission on Indian Finance and Currency said that the government contemplated to adopt the recommendations made by the committee of 1898, but the contemporary system utterly differs from the plan and had some common feature with the theory and suggestions made by Mr. A. M. Lindsay.

According to Mr. Lindsay’s scheme, he emphasised on how to turn the entire Indian currency to a rupee currency; the government was to give rupees in almost every case in return for gold, whereas gold for rupees only in foreign dispatch of money. The project was to be implicated through the assistance in between of two offices, one was in London and the other located in here, India. The first was to sell drafts on the latter when rupees were wanted and the latter was to sell drafts on the former when gold was wanted. Unbelievably, the same or similar system prevailed in our country. It was rejected in 1898. Then gradually paper currency came up to the Indian economic realm and two reserves one of gold and other of currencies left other than gold. Ambedkar had lengthened his discussion over Indian currencies after these events.

In the sixth chapter of the book, Dr. Ambedkar said about a memorable thing that was to remind the time when all the Indian Mints were shut down to the free coinage of silver. and the economic world in India was surely divided into two parties, one in favour of the step and the other stood in opposition to the closure of the mints. Being placed in an embarrassing and contradictory position by the fall of the rupee, the British Government of the time felt anxiety to close the Mints and increase its value with a conception to sigh in relief from the burden of its gold payments. Whereas it was requested, to produce an increment of interest of the country, that such accretion in the exchange value of the rupee would cause a disaster to the entire Indian trade and industry. One of the reasons, it was argued, why the Indian industry had advanced by such leaps and bounds as it did from 1873 to 1893 was to be found in the bounty given to the Indian export trade by the falling exchange. If the fall of the rupee was discovered by the Mint closure, everyone feared that such an event was certainly bound to cut Indian trade both ways. It would give the silver-using countries a bounty as over against India and would deprive India of the bounty which is obtained from the falling exchange as over against gold-using countries.

However, in the seventh as well as the last chapter of the book, Ambedkar examined the system of the economy that was advancing towards the changes of the exchange standard in the light of the claim made on behalf of it. Though it is very much a matter of uncertainty and hard to explain the history of Indian banking, but sure if being followed, it will be easy to interpret the market, values of products. Unmistakably, the works of Ambedkar led the nation towards the development and advancement of its economics and international banking and trades.

Works Cited

Ambedkar, B. R. History of Indian Currency and Banking. Butler & Tanner Ltd.

______________. The Evolution of Provincial Finance in British India. P. S. King & Son Ltd., 1925.

______________. The Problem of the Rupee. P. S. King & Son Ltd., 1923.

Author Information

Janardan Das studies English literature at Presidency University, Kolkata.

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Archives released by LSE reveal BR Ambedkar’s time as a scholar

Archival documents released by the london school of economics (lse) cast new light on the iconic leader’s student days here..

That BR Ambedkar was a bright student is known, but what did American and British academics say about his credentials? Archival documents released by the London School of Economics (LSE) cast new light on the iconic leader’s student days here.

A view of the former home of Dr Bhimrao Ramji Ambedkar in north London.(AFP File Photo)

After completing a doctorate at Columbia University, Ambedkar wanted to research and study in Britain. His professor, Edwin R Seligman from Columbia, wrote to economist Herbert Foxwell at LSE on September 23, 1920, recommending his star student.

“He writes me that he is desirous of utilising certain research facilities in both London and in Edinburgh and has asked for a letter of introduction to you. This I am very glad to give him, as he is not only a very able, but an exceedingly pleasant fellow, and I am sure that you will do for him what you can,” Seligman wrote.

Foxwell wrote to LSE’s secretary, Mair, in November 1920, “I find he (Ambedkar) has already taken his doctor’s degree & has only come here to finish a research. I had forgotten this. I am sorry we cannot identify him with the School but there are no more worlds here for him to conquer.”

This was Ambedkar’s second attempt to study at LSE after having enrolled for a Masters degree in 1916, when he took courses in geography with Halford Mackinder, political ideas with G Lowes Dickinson, and social evolution and social theory with LT Hobhouse.

(Picture courtesy: LSE History)

The fee for the course was £10 and 10 shillings. At the same time, Ambedkar enrolled for the bar course at Gray’s Inn. His 1916 application form in his handwriting has also been released by LSE, which mentions his permanent address as ‘Bombay, India’.

Ambedkar’s studies at LSE were interrupted as he was recalled to India to serve as a military secretary in Baroda, but in July 1917 the University of London gave him leave of absence of up to four years.

In 1920, Ambedkar returned to LSE after working as a professor of political economy at Sydenham College in Mumbai and giving evidence to the Scarborough Committee preparing the 1919 Government of India Act on the position and representation of “untouchable” communities.

Initially, he applied to complete his masters degree and write a thesis on ‘The Provincial Decentralisation of Imperial Finance in India’. His fees had gone up by a guinea, to £11 pounds and 11 shillings.

College archives show there was a slight glitch in his LSE career in April 1921 when he failed to send in his form for the summer examinations. The school secretary, Mair, had to write to University of London’s Academic Registrar for permission to submit the form late.

(Picture courtesy: LSE History)

In economics, Ambedkar’s tutors included Edwin Cannan and Foxwell. Ambedkar submitted his doctoral thesis, ‘The Problem of the Rupee’, in March 1923 but it was not recommended for acceptance. There were reports the thesis was too revolutionary and anti-British for the examiners. However, there is no indication of this in Ambedkar’s student file. The thesis was resubmitted in August 1923 and accepted in November 1923.

It was published almost immediately and in the preface Ambedkar noted “my deep sense of gratitude to my teacher, Cannan “noting that Cannan’s “severe examination of my theoretical discussions has saved me from many an error”.

Cannan repaid the complement by writing the Foreword to the thesis in which he found “a stimulating freshness” even if he disagreed with some of the arguments.

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Dr. B. R. Ambedkar's Contribution to Selected Economic and Social Issues -A Theoretical Assessment

Profile image of Dr. G. YOGANANDHAM

2022, International Journal of All Research Education and Scientific Methods (IJARESM),

Ambedkar was instrumental in identifying the problems with caste society and fought his entire life to free Dalits from social prejudice, economic estrangement, and political exclusion. The Indian polymath Babasaheb Ambedkar was knowledgeable in law, economics, sociology, media, politics, and social reform. A de-urbanization process and an excessive increase in rural population have harmed India. Industrialization is a powerful and natural solution to India's poverty and unemployment problems. A just government would not engage in such covert robbery of the poor. In 1922, the Jat-Pat-Todak Mandal was established in Lahore as a branch of the Arya Samaj. The Independent Labour Party (ILP) was founded by Babasaheb Ambedkar in 1936. The Currency Act of 1835 resulted in one of the biggest financial revolutions in Indian history. It put an end to India's "Double Standard," or bimetallic system, and switched it to a monometallic silver standard. The value of the Indian rupee fell as a result of the increased supply of silver. It is very difficult for a centralised authority to allocate resources across the nation with reasonable knowledge and discretion. The Currency Act of 1835 was responsible for one of the biggest financial revolutions in Indian history. India switched to a monometallic silver standard as a result, ending the "Double Standard" or bimetallic system. The value of the Indian rupee decreased as a result of the increased supply of silver. In this background, this research paper mainly concentrates on the economic thoughts of Dr. B.R. Ambedkar on the Indian economy and society from a theoretical perspective.

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Dr. G. YOGANANDHAM

Babasaheb's economic theories were not widely accepted in modern economics because he was better known as a dalit leader than an economist. By examining how his economic theories were embraced at various stages in India's economic history, one may judge the importance of his opinions.The Indian Constitution is credited to Dr. BhimRaoAmbedkar as its founder. He is also well known for being an amazing lawyer, an outstanding economist, and a superb dalit leader. The first person to seek a PhD in economics from a country other than India was Babasaheb.The Present Problem in Indian Currency, The Problem of Rupee: Its Origin and Its Solution, Ancient India Commerce, and Administration and Finance of the East India Company are just a few of the theses, dissertations, and papers written by Dr. B.R. Ambedkar. New water and electricity programmes, state socialism, and contributions to labour law reform are also mentioned.In 1861, once legislation was passed, Indian rupees were recognised as legal money. In 1893, the manufacturing of silver coins was halted, and Indian rupees were recognised as legal tender. Dr. B.R. Ambedkar opposed the notion of linking the availability of gold and money. Instead of gold, he believed that commodities should serve as a reliable unit of measure for money.Ambedkar's Canon of Public Expenditure was cited by the Financial Commission of India as a key reference. The government is obligated to provide basic amenities to taxpaying citizens. Every government should be committed to ensuring that its citizens have access to transportation, healthcare, and law and order.

dr br ambedkar thesis london school of economics title

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Interal Res journa Managt Sci Tech

After long periods of disregard, the thoughts of B.R. Ambedkar appear to pick up money. While his considerations on Indian culture and governmental issues have collected more consideration, a portion of his financial thoughts also merit more prominent consideration. Referred to a great extent as the dad of the Indian Constitution and a pioneer of Dalits, Ambedkar started his vocation as a financial expert, making significant commitments to the major monetary discussions of the day. He was, truth be told, among the best taught financial experts of his age in India, having earned a doctorate in financial matters from Columbia University in the US and another from the London School of Economics. Ambedkar's London doctoral postulation, later distributed as a book, was on the administration of the rupee. Around then, there was a major discussion on the overall benefits of the best quality level opposite the gold trade standard.

Basavaraj Bhuse

Dr. Babasaheb Ambedkar is one such great thinker, leader and intellectual of its time in India who has not only changed the life of millions of untouchables, but shaped India as a biggest democratic nation by writing its constitution. Many of us know Bharat Ratna Dr. B.R. Ambedkar as a social reformer and a person who had fought for untouchables in India. But, very few would have know that Babasaheb was a great scholar who made outstanding contributions as an economist, sociologist, legal luminary, educationalist, journalist, Parliamentarian along with social reformer and human rights. Dr. Ambedkar, one of the multidimensional personalities having great noteworthy contribution in economics. He led for downtroddens in the country and they were way ahead of his times. Ambedkar's thoughts of economics have made a significant impact on the social movement. The present research paper attempts to discuss about Dr. B. R. Ambedkar's outstanding contribution in economics and also to consider its relevance to current Indian Economy.

International Journal of All Research Education and Scientific Methods (IJARESM)

Dr.B.R. Ambedkar opposed John Maynard Keynes' recommendation that India adopt a gold exchange system and advocated in favor of a gold standard. In his view, a gold exchange standard gave the issuer more power to control the money supply, endangering the stability of the unit of currency. Dr. B.R. Ambedkar, who lived from 1889 to 1956, significantly influenced the growth and development of contemporary India. He was unusual in that he combined the traits of a great scholar, statesman, and social revolutionist into one person. BhimRaoAmbedkar was a devoted pupil of Professor Seligman and a Ph.D. economist. He considered and analyzed a wide range of issues, including as caste and untouchability, as well as issues like land reform and India's foreign policy. He also worked as a lawyer and had a sharp legal mind. Dr.B.R. Ambedkar wrote a lot about both the Indian monetary system and economics in general. Renowned economists including J.M. Keynes, Edwin R.A. Seligman, and Edwin Canon backed him. In 1924-1925, he testified before the Royal Commission on Indian Currency and Finance. State socialism is credited to B. R. Ambedkar as its creator. He felt that all of the nation's resources, including land, agriculture, and industry, should be subject to constitutional control by the State. Both the land reform movement and the state's economic expansion depended on him. He is credited with developing the first national irrigation program and the development of electrical power. His accomplishments include the formulation of the Indian Constitution, which serves as the country's legal and governmental foundation.Dr. Ambedkar maintained that it is necessary to nationalize fundamental and important industries. By assigning a job to a person in advance and selecting them based not on their skills or abilities but rather on the social standing of their parents, the caste system violates the idea of free choice.In this background, the article's theme is highly relevant to the modern context and need of the hour.

Mayas Publication

Dr. M. KIRANEKUMAR

All rights reserved. No part of this publication can be reproduced in any form by any means without the prior written permission from the authors and publisher. All the contents, data, information, views opinions, charts, tables, figures, Graphs etc., that are published in this book are the sole responsibility of the authors. Neither the publisher nor the editors in anyway are responsible for the same.

JOHN MOHAN RAZU

Comprehensively present Ambedkar's relevance to the socio-economic terrains of the Dalits.

Manak Singariya

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. 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." 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. Keywords: internal stability, administrative policies, financial arrangement, cooperative agriculture

P.K. CHAUBEY

Contemporary Voice of Dalit

Manjula Laxman

Ambedkar was a multifaceted personality who made deep impression on the social-political-economic life of India of his times. Ambedkar provided valuable guidance on the socio-political-economic platform in colonial India and independent India as well; yet economists have generally ignored his contributions to India. In this context, this article examines his significant role in federal finance, which is an important branch of economics and makes an effort to understand and evaluate the process of its development and his contribution to it. He had played a major role in a newborn country like India. He had been one of the contributors to the Constitution of India and had contributed towards the development of the federal finance system in independent India. His main insistence on the federal finance system was for economic welfare of the people with the establishment of such an economic system from the local to centre levels, which could progressively raise their economic level without jeopardizing their interests.

Vijay Kumar Sarabu

Dr. B.R. Ambhedkar was a multifaceted personality, an intellectual, a philosopher, a patriot, a social reformer, a champion of dalits, a scholar, a writer, constitution maker, an economist, an eminent lawyer and a feminist. India's first monetary economist who prudently analyzed the problems of Indian rupee. He was protagonist of industrial modernization and favored industrialization. He favored skill development, land reforms and technological up gradation in agriculture. His PhD thesis “The problem of Indian Rupee, its origin and solution” inspired to set up for the Finance Commission of India and his works helped a lot in framing guidelines for the RBI Act 1934. He was one of the founders of Employment Exchanges in our country. This paper attempts to study his role critically as an Economist and as a Social Reformer. Methodology: This research paper is based on secondary sources that are available from the reference books given at the end of my paper. Critical Analysis of BR Ambhedkar: He came close to Marxian and Weberian conceptions and differs from them. Ambhedkar accepted Buddhism as an alternative to Hinduism. Buddha and Marx’s ends remain same but means differ. Some critically oppose Ambhedkar on caste basis reservations, while he was quite against caste system in India. Instead, he would have advocated reservations on economic criteria.

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Why publication of b.r. ambedkar's thesis a century later will be significant, a contemporary relevance of the thesis, written as part of ambedkar's msc degree at the london school of economics, is that it argues for massive expenditure on heads like defence to be diverted to the social sector.

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dr br ambedkar thesis london school of economics title

Now, over a century after it was written, Ambedkar’s hitherto unpublished thesis on the provincial decentralisation of imperial finance in colonial times will finally see the light of the day. The Dr Babasaheb Ambedkar Source Material Publication Committee of the Maharashtra government plans to publish the thesis that was written by Ambedkar as part of his MSc degree from the London School of Economics (LSE). The thesis, ‘Provincial Decentralisation of Imperial Finance in British India’, will be part of the 23rd volume of Ambedkar’s works to be published by the committee and will give a glimpse into the works of Ambedkar, the economist. Notably, the dissertation argues for expenditure on heads like defence to be diverted for social goods like education and public health.

The source material committee, which was set up in 1978, has published 22 volumes on Ambedkar’s writings since April 1979. “This volume will have two parts. One will contain the MSc thesis and the other will have communication and documents related to his MA, MSc, PhD and bar-at-law degrees,” confirmed Pradeep Aglave, member secretary of the committee. He added that the MSc thesis had been submitted to the LSE in 1921. Veteran Ambedkarite and founder of the Dalit Panthers, J.V. Pawar, who is a member of the committee, said it was significant that the thesis was being published over a century after it was written. Pawar played a pivotal role in ensuring that the committee was set up.

“This work deals with taxation and expenditure. The contemporary relevance of this thesis is that it seeks a progressive taxation based on income levels. Ambedkar argued that expenditure on heads like defence was huge and this needed to be diverted to social needs like education, public health, and water supply,” said Sukhadeo Thorat, economist and former chairman of the University Grants Commission (UGC). Thorat was among those instrumental in the source material committee getting a copy of the thesis from London.

“The sixth volume (1989), published by the source material committee, contains Ambedkar’s writings on economics. This includes his works like ‘Administration and Finance of the East India Company’ (1915) and the ‘Problem of the Rupee: Its Origin and Its Solution’ (1923). However, this MSc thesis on provincial finance could not be included in it because it was not available then,” said Thorat.

J. Krishnamurty, a Geneva-based labour economist located the MSc thesis in the Senate House Library in London and approached Thorat who, in turn, communicated with Gautam Chakravarti of the Ambedkar International Mission in London. Santosh Das, another Ambedkarite from London, paid the fees for permission to reproduce the work in copyright. The soft copy of the thesis was sent to the source material committee on November 18, 2021.

In addition to the MSc thesis, the communication and letters related to his academics, such as the MA, PhD, MSc and DSc and bar-at-law including LLD (an honorary degree that was awarded to Ambedkar by the Columbia University in 1952after he finished drafting the Constitution of India, which remains one of his most significant contributions to modern India), were also arranged and compiled by Krishnamurty, Thorat and Aglave. This also includes the courses done by Ambedkar for his MA and pre-PHD at the Columbia University. These details are being published for the first time.

Ambedkar’s biographer Changdev Bhavanrao Khairmode, writes how Ambedkar worked untiringly in London for his MSc. Ambedkar secured admission for his MSc in the LSE on September 30, 1920 by paying a fee of 11 pounds and 11 shillings. He was given a student pass with the number 11038.

Ambedkar had prepared for his MSc in Mumbai, yet he began studying books and reports from four libraries in London, namely the London University’s general library, Goldsmiths' Library of Economic Literature and the libraries in the British Museum and India Office. In London, Ambedkar would wake up at 6 am, have the breakfast served by his landlady and rush to the library for his studies. Around 1 pm, he would take a short break for a meagre lunch or have just a cup of tea and then return to the library to study till it closed for the day.

“He would sleep for a few hours. He would stand at the doors of the library before it opened and before others came there,” says Khairmode in the first volume of his magisterial work on Ambedkar (Dr Bhimrao Ramji Ambedkar, Volume I) that was first published in 1952. The library staff in the British Museum would tell Ambedkar that they had not seen a student like him who was immersed in his books and they also doubted if they would get to see one like him in the future!

The volume also contains a letter written by Ambedkar in German on February 25, 1921 to the University of Bonn seeking admission. Ambedkar wanted to study Sanskrit language and German philosophy in the varsity’s department of Indology. In school, Ambedkar was discriminated against on grounds of caste and not allowed to learn Sanskrit. He had to learn Persian instead. Ambedkar secured admission to Bonn University but had to return to London three months later to revise and complete his DSc thesis.

Ambedkar completed his DSc in 1923 under the guidance of Professor Edwin Cannan of the LSE on the problem of the rupee, which is described as a “remarkable piece of research on Indian currency, and probably the first detailed empirical account of the currency and monetary policy during the period”.

Ambedkar was among the first from India to pursue doctoral studies in economics abroad. He specialised in finance and currency. His ‘The Evolution of Provincial Finance in British India: A Study in the Provincial Decentralisation of Imperial Finance (1925)’, carried a foreword by Edwin R.A. Seligman, Professor of Economics, Columbia University, New York. Ambedkar also played a pivotal role in the conceptualisation and establishment of the Reserve Bank of India (RBI) in 1935.

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Dr Ajay Arun Dhawale

July 17th, 2024, from dream to reality: my unforgettable journey to the london school of economics.

54 comments | 28 shares

Estimated reading time: 6 minutes

In April 2024, the India Observatory at LSE held a conference to mark the anniversary of Dr B R Ambedkar’s PhD thesis, The Problem of the Rupee. Dr Ajay Arun Dhawale recounts his experience of travelling to London to attend and speak at the event.

I have always cherished my dream of visiting the London School of Economics and Political Science (LSE). The institution holds a special place in my heart, primarily because Dr B R Ambedkar , a visionary and a pivotal figure in Indian history, completed his DSc there. His monumental work, “The Problem of the Rupee: Its Origin and Its Solution,” has been a beacon for scholars and policymakers alike.

To honour the centenary of this thesis, the London School of Economics, the University of Mumbai, and BARTI (Dr Babasaheb Ambedkar Research and Training Institute) organised an international conference on “Sustainability, Inclusive Development, and Dr B R Ambedkar.” The opportunity to present my research article at this prestigious conference was a dream come true, and the experience was nothing short of extraordinary.

B R Ambedkar, 1950. Wikimedia Commons

When I received the email from LSE inviting me to present my paper, I was overwhelmed with joy and excitement. It felt surreal as if a long-cherished dream was finally coming to fruition. The title of my paper, “Dr Ambedkar’s Vision and the Resilience of Dalit Literature and Cultural Transformation,” was close to my heart, and the chance to present it at LSE was an honour beyond words. The conference was scheduled around Ambedkar Jayanti, adding a layer of significance to the event. Presenting my research on Dr Ambedkar’s birthday at the very institution where he had studied was profoundly symbolic and deeply emotional for me.

As the plane descended into London, a wave of excitement and anticipation washed over me. The city’s rich history and cultural diversity were palpable from the moment I set foot on its streets. London’s charm was intoxicating, with its blend of historic landmarks and modern marvels. However, my primary focus was the conference at LSE, and the days leading up to my presentation were filled with a mix of preparation and exploration.

The conference itself was a grand affair, bringing together scholars and experts from various fields to discuss sustainability and inclusive development through the lens of Dr Ambedkar’s work. Walking into LSE, I felt a sense of pride and responsibility. The campus buzzed with intellectual energy, and the atmosphere was enthusiastic. The inaugural function of the conference was a fitting tribute to Dr B R Ambedkar’s legacy, bringing together influential voices to reflect on his contributions and discuss pathways for future development.

Dr Ruth Kattumuri’s comprehensive introduction, Vice Chancellor of LSE Larry Kramer’s welcome remarks and Nicholas Stern’s inspiring keynote address collectively set a high standard for the conference. They provided a robust framework for the following discussions, ensuring that the themes of sustainability and inclusive development remained at the forefront of the dialogue. The event honoured Dr Ambedkar’s legacy and reinforced the importance of continued efforts towards achieving a just and equitable society.

Presenting my paper was a transformative experience. Standing at the podium, I could feel the presence of history, the legacy of Dr Ambedkar, and the collective aspirations of countless individuals striving for social justice. My paper delved into the profound impact of Dr Ambedkar’s vision on Dalit literature and the broader cultural transformation it has spurred. The resilience and creativity of Dalit writers have not only enriched Indian literature but also provided a powerful medium for expressing the struggles and aspirations of marginalised communities. The response from the audience was overwhelmingly positive. Scholars and students engaged in a lively discussion, sharing insights and drawing connections between Dr Ambedkar’s ideas and contemporary issues. The opportunity to exchange ideas with such a diverse and knowledgeable group was incredibly enriching.

April 14th, Ambedkar Jayanti, was a day of immense significance. I was privileged to visit Dr Ambedkar’s house in London, a pilgrimage for anyone who admires his work. The visit was a poignant reminder of his remarkable journey and the sacrifices he made for social justice. The house, now a museum, preserves the memory of his time in London and his enduring legacy. On this auspicious day, I was honoured with the Bhim Sphurti award from Prabuddha International. Receiving this award on Ambedkar Jayanti, in a city that played a crucial role in Dr Ambedkar’s academic and intellectual development, was a deeply moving experience. It was a moment of personal triumph and reaffirming my commitment to continue working towards the ideals Dr Ambedkar advocated.

While the conference and the award ceremony were the highlights of my trip, the beauty of London and the surrounding cities added an unforgettable dimension to my journey. London, with its iconic landmarks like the Tower of London, Buckingham Palace, and the British Museum, offered a fascinating glimpse into its rich history and vibrant culture. Each street and corner seemed to tell a story, and I immersed myself in the city’s unique blend of the old and the new.

My travels didn’t stop in London. I visited Cardiff University, a serene and picturesque campus that exuded academic excellence. The visit to Oxford University was equally inspiring. Walking through its historic halls and libraries, I could feel the weight of centuries of scholarship and intellectual pursuit. The final leg of my academic tour took me to Edinburgh University, where the city’s breathtaking architecture and scenic beauty left me spellbound.

Looking back, I can say with certainty that those days were some of the most beautiful and enriching experiences of my life. The journey was not just about presenting a paper or visiting prestigious universities; it was about connecting with a legacy, celebrating a vision, and being part of a larger narrative of social justice and intellectual pursuit. The memories of my time in London and the other universities are etched in my heart. They serve as a constant reminder of the power of dreams, the importance of perseverance, and the profound impact of visionary leaders like Dr B R Ambedkar. My journey to the London School of Economics was more than an academic endeavour; it was a tribute to a great man’s legacy and a celebration of the enduring power of knowledge and resilience.

More about the conference

The  India Observatory at International Inequalities Institute, LSE, in collaboration with University of Mumbai, India & BARTI Institute, Pune, India, organised a two-day conference titled “Sustainability, Inclusive Development and Dr B R Ambedkar” 13-14 April 2024 to celebrate the centenary of Ambedkar’s PhD at LSE. The video from the opening ceremony can be found here:

https://www.youtube.com/watch?v=WGqunYWa7xI

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About the author

Dr Ajay Arun Dhawale

Professor (Dr) Ajay Dhawale has been a distinguished faculty member at Tuljaram Chaturchand College of Arts, Science, and Commerce, Baramati, for the past 21 years. His academic expertise encompasses the English language, Indian English literature, and Dalit literature. He earned his PhD in Dalit literature from Savitribai Phule Pune University. Throughout his career, Dr Dhawale has actively contributed to the academic community through his research and scholarly presentations. He has presented his work at prestigious international conferences, including the London School of Economics and St. Anne's College, Oxford. Acknowledging his significant contributions to academia, he was honoured with the Most Fabulous Professor award by the World HRD Congress. Dr Dhawale's exemplary academic achievements made him an influential figure in his expertise.

54 Comments

Dr Ajay heartily congratulations & we all proud of you for achieving this great success,and best of luck for your future.All the best.

Wow what a well written article on your experience! Great to have all the insights from your article! Keen shining

Congratulations!! Excellent write-up. So very proud of you

Dr Ajay, I read your experience in LSE,your visit to Babasaheb house in London,your visit other Universities.you got opportunity to present your research article at this prestigious platform. Also you honour by BHIM SPHURTI award. I was feeling very happy as I seen your journey from your childhood,from ground,this achievement is really like a dream . Good luck for your future development.

Truly Dr Ambedkat was an inspiration. Dear Prof Dhawale what a well earned honour to share your excellent research on such a great man at an eminent place. I thoroughly enjoyed sharing your journey through this article. Best wishes to you always.

Congratulations on having your experience at the London School of Economics featured on their History Blog, Professor Dr Ajay Dhawale. It’s inspiring to read about your journey and the insights you’ve shared. Your dedication and achievements are truly commendable, and it’s fantastic to see them recognized on such a prestigious platform. Your overall experience in the United Kingdom is truly enriching and inspires one to visit too.

Dear Ajay, To read this memoir is really an emotional as well as a proudest moment. You dreamed and achieved. I am sure you will not stop working in this field. I congratulate you for this amazing achievement.. My all the best wishes to your destined path which leads you into the sky to shine more and more !!!!

Dr. Ajay Dhawale, Congratulations for the award and presentation. I really appreciate your efforts in dissemination of knlowedge about Dalit literature at global level. LSE is a place of inspiration because Dr Ambedkar is a PhD scholar from LSE, a symbol of knowledge. You are really fortunate enough to observe and experience the greatness of LSE. Best wishes ahead.

sir first of all congratulations for sharing your experience with us. Your experience is indeed very memorable and your contribution to it is great. Also your article is mesmerizing.

Respect sir, I really appreciate with your efforts your journey and I am feeling happy for your teaching as a student and proud of you sir .no doubt about ur knowledge and this reason again and again other countries invite you.. keep it up sir and congratulations about your all educational life journey start to up till ….for a new generation you are always powerful example and once again all the best ahead..

Dr. Dhawale, presenting your research at LSE and receiving the BHIMSFURTI award at Ambedkar House in London is a true homage to Dr. Babasaheb Ambedkar’s legacy. Your achievements are not only inspiring but also pave the way for many grassroots researchers to connect globally. I’m confident you will continue to build bridges and make significant contributions.

Congratulations, dad!! The dedication and hard work for this achievement of yours created a great impact on me. I’m so proud of you! This is one of the proudest moment for me and I’m soo happy for your achievement. Waiting to see the impact of your story on others !! Shine bright and bright like always you do 🙌🏽

Dear Sir, Hearty congratulations ! This accolade is a reflection of your talent, hard work, and perseverance. Your excellence in your field has truly set you apart and about article…..what a great piece of writing! It seems you put all your heart into it. You are an inspiration for me. Keep shining and conquering new hights.

Dear Sir, Hearty congratulations ! This accolade is a reflection of your talent, hard work, and perseverance.Your excellence in your field has truly set you apart..and what a great piece of article! It seems you put your heart into it.You are an inspiration for me. Keep shining and conquering new hights.

Dear Sir! Hearty congratulations! This accolade is a reflection of your talent, hard work, and perseverance.Your excellence in your field has set you apart. ….and what a great piece of article! It seems you put your whole heart into it. You have a way with words.You are an inspiration for me. Keep shining and conquering new hights. All the best.

Many Many Congratulations Doctor… LSE is everyone’s dream place who still facing the all kind of discrimination and humiliation due their caste location in the society. As Dr. B R Ambedkar said ,”Ours is a battle not for wealth; nor for power, ours is a battle for freedom; for reclamation of human personality” we should assertive at many facets of life. Doctor you did this continually throughout your work. I really feeling proud of you for your active participation at LSE conference. Once again salute to you and all the very best for your future endeavours…

Dear Sir! Hearty congratulations for your great achievement. What a great piece of writing! It seems you put your whole heart into it. This accolade is a reflection of your talent, hard work, and perseverance. You are an inspiration for me. Keep shining and conquering new hights. We all proud of you.

Hearty Congratulations Prof. Ajay Dhavle for your contribution.

Congratulations sir for achieving this great success and best wishes for your future journey. I am very lucky to have teacher like you !

Hearty Congratulations Sir! A wonderful account of the beautiful journey towards excellence! It’s not only interesting and well-articulated but also an exuberant piece of your experience to the readers. Keep up your stepping up the new horizons.

Professor Dr. Dhawale, hearty congratulations on presenting an original paper at LSE. It fills me with pride that you have achieved something rare and memorable. I am doubly proud that your paper was connected with the writings of Dr. Ambedkar. Thank you for sharing your wonderful experience with others through the blog. Best wishes for all future endeavors!

Thankyou for sharing your expertise with us. your contribution to the field is valuable. Your article and presentation was truly thought provoking. I am proud and grateful for the opportunity to learn from you.

It’s wonderful to know about your experience, young scholars will be inspired by your feat

Dear Ajay Dhawale Sir, Your recount of the conference at LSE is profoundly moving and inspiring. It is evident that your journey to London and your participation in the event were not just professional milestones but deeply personal achievements as well.Your vivid description of London, the conference, and your visits to other prestigious universities paints a picture of an intellectually and culturally fulfilling journey. The Bhim Sphurti award on Ambedkar Jayanti further highlights the recognition of your efforts and contributions to the field. Thank you for sharing your experiences. They serve as a powerful reminder of the impact of perseverance, the value of dreams, and the lasting influence of visionary leaders like Dr. Ambedkar.

Dear Ajay Dhavle,

Heartiest congratulations on the incredible achievement of presenting your paper at the London School of Economics! This is a remarkable opportunity that truly reflects your hard work and dedication. Wishing you continued success in your academic journey!

Best regards, [UDAY BARGE ]

Ajay, Hearty congratulations! Very happy for you and feel proud as I read your this article.. even though you are an established academic today, yet, I see an old friend , a shy classmate ever ready to help people in need coming out brilliantly penning his ideas and experiences. Keep it up! Pray for your success. May you rise and rise in life!

Congratulations, Prof. Dr. Dhawale, sir! Your recount of your trip to London is truly inspiring. It’s clear how passionate you are about Dr. Ambedkar’s work and social justice. The conference sounds like a fantastic event. 

Sir , the blog is an excellent example of presenting the impact a valuable n enriching experience lives on a person ! It is like a map that reads your feelings and emotions . Your hard work , perseverance , dedication towards your work n intense faith you have in the Ambedkarite movement is all evident . Moreover your academic excellence n subject knowledge is no doubt very high . I wish you get more and more opportunities like these to prove your excellence n serve the society .

Dear Sir, Your journey to London School of Economics is commendable. Heartiest Congratulations again for such profound and fantabulous opportunity of presenting a paper at LSE.Learning is a lifelong enriching journey. We are incredibly grateful to be your students! Your blog is an inspiration for young research scholars. Thank you for sharing your dreamy experience with us through blog.

Great Sir! We Proud of You Sir. This is so inspiring journey, Your words motivates us. You are always a Great Teacher and Guide. We learn lots of things from you. Thanks for sharing this beautiful article with us, It’s trully amazing and inspirational.

Hi Dr. Ajay Dhawale, this is a lovely post. I enjoyed it very much. It is a dream of every scholar to visit prestigious LSE. You took on a ride to London and LSE through your words. Congratulations on your wonderful achievement.

Well done Prof. (Dr.) Ajay Arun Dhavale. We are so happy to read your beautiful journey and may your journey be filled with continued success! Your personal milestone is a symbol of your growth, resilience, and unwavering commitment. Congratulations on this remarkable achievement. May it inspire you to reach even higher and continue to make a positive impact.

Dr Ajay sirji heartily congratulations & we all proud of you for achieving this great success,and best of luck for your future.

Congratulations, Dr.Ajay, your experience at LSE is remarkable & motivating. The research paper must be commendable. The memoire really made me proud to be your friend. Best wishes for future endeavors.

Dear Sir Heartiest congratulations for your achievement. Thank you for sharing your wonderful experience at LSE. The article beautifully intertwines personal reflection with scholarly insights, underscoring the enduring impact of Dr. Babasaheb Ambedkar’s ideas on contemporary discourse.”

Dr. Ajay Dhawale, Hearty congratulations! What else is happiness like the dream we have seen and its actual realization? The source of inspiration for Dalit literature on the occasion of Dr. Babasaheb Ambedkar’s birth anniversary, getting a chance to present a paper on the vision of Dr. Babasaheb Ambedkar and Dalit literature in English was a unique opportunity and you took advantage of this opportunity. Presenting a paper based on Dr. Babasaheb Ambedkar’s subject at the place where he received his higher education is not only an emotional affair but also an ideological and social change. It is a matter of pride that you have presented a paper with great effort and intellectual depth in such a place. Really, its a very proud moment of you and also we. Its great achievement. Best of Luck for your future dream.

Great work sir …

Congratulations!! Amazing achievement sir

Dear sir Congratulations! Thank you for highlighting the importance of academic discourse and the vibrant atmosphere of London. Your dedication to our education is greatly appreciated! You’ve been a constant source of inspiration.

Dear sir Congratulations! Thank you for highlighting the importance of academic discourse and the vibrant atmosphere of London. Your dedication to our education is greatly appreciated! You have been constant source of inspiration.

💐💐 Congratulations Dr.Ajay Dhavale. We are proud of you . Keep it up always. Best wishes for future endeavours 💐🌹🪷🌷🌺🙏🙏🙏

Dear Ajay, To say that I am proud of your achievement is indeed an understatement! Who doesn’t dream of studying at or atleast visiting LSE? But you have lived that dream and it certainly has required focused and dedicated work on your part. I think the conference has given a fitting tribute to Dr. Ambedkar’s vision by showcasing it’s profound impact on social justice. I wish you all the very best and many more such opportunities! I would love to read your paper.

Dear Dr Ajay, I must congratulate you on your great achievement and thank you very much for sharing your experiences at LSE. Your dedication to knowledge, countless efforts, and sincerity towards learning make you different from the rest. It is an excellent write-up that took us to London and made us imagine the whole scenario. It aptly describes your journey and excitement of visiting to this historically significant place where legendary figure Dr Bhimrao Ambedkar spent valuable days of his life. It is an enriching experience for all. I wish you good luck for your future endeavours. Have a fruitful year ahead!

Dear Dr. Ajay Dhawale It was nice to read about your visit to the LSE.  The description of the journey is so vivid that it captures readers’ attention.  It must have been an exciting and enriching experience for you to present a research paper at the historical place where Dr. Ambedkar studied. I am happy to know that your research paper has been appreciated by international scholars and you have received the coveted award, ‘Bhim Sphurti Award’. Hearty Congratulations! You have got a flair for writing. Keep it up! Best wishes Dr. Ravindra Mhasade

Congratulations sir! Great journey.

Excellent piece of writing sir, congratulations, keep it up.

Heartiest congratulations!

Your remarkable work and contribution to English literature have truly been inspiring. Presenting your research at the London School of Economics (LSE) conference in honor of Dr. B. R. Ambedkar’s PhD thesis anniversary is a prestigious achievement. It’s a proud moment for all of us, your disciples, to see you walk the halls of LSE, where Dr. Ambedkar himself studied. Your paper was exceptionally well-received, and the “Bhim Sphurti Award” you received on Ambedkar Jayanti is a testament to your unwavering commitment to social justice.

We couldn’t be more proud!

Congratulations, Dear Dr. Ajay Dhawale, on your remarkable achievement of presenting your research at the London School of Economics during the centenary celebration of Dr. B R Ambedkar’s thesis, “The Problem of the Rupee.” Your paper on “Dr. B. R. Ambedkar’s Vision and the Resilience of Dalit Literature and Cultural Transformation” is a significant contribution to the ongoing dialogue on social justice and inclusive development. The recognition you received, including the Bhim Sphurti award, underscores the impact of your work. Your journey and dedication honor Dr. B. R. Ambedkar’s legacy and inspire us all. Well done, and best wishes for your continued success!

Respected Sir,

Honorable Sir,

Heartiest congratulations!!!!

Your remarkable work and contribution to English literature have truly been inspiring. Presenting your research at the London School of Economics (LSE) conference in honor of Dr. B. R. Ambedkar’s PhD thesis anniversary is a prestigious achievement. It’s a proud moment for all of us, as your disciples, to see you walk the halls of LSE, where Dr. Ambedkar himself studied. Your paper was exceptionally well-received, and the Bhim Sphurti Award you received on Ambedkar Jayanti is a testament to your unwavering commitment to social justice.

Dear Sir Heartiest Congratulations!!! Your work and contribution to English literature have truly been inspiring. Presenting research at the London School of Economics conference in honor of Dr.B.R. Ambedkar’s PhD thesis anniversary is respected achievement. It’s a proud moment for us to see you walk the hall of LSE ,where Dr. Ambedkar studied. Your paper was exceptionally well received. The Bhim Sphurti Award you received on Ambedkar Jayanti is a testament to your commitment to social justice.

We couldn’t be more proud !!!

Dear Sir congratulations!!!

“Dear Prof. Ajay Dhawale,

I just finished reading your blog post ‘From Dream to Reality: My Unforgettable Journey to the London School of Economics’ and I’m thoroughly impressed! Your writing style is engaging, authentic, and inspiring. The way you shared your journey, from aspiration to achievement, is truly captivating.

Please accept my warmest congratulations on presenting your paper at the prestigious London School of Economics. This is a remarkable accomplishment, and your story serves as a motivation to many.

Best regards,

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"No More Worlds Here for Him to Conquer" – Dr B R Ambedkar at LSE January 29th, 2016

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SEMINAR: THEORY/IO/EXPERIMENTAL: Michael Luca, JHU

Seminar: macro/if: alessandro dovis, penn, seminar: macro/if: simon gilchrist, nyu, seminar: applied micro: ameet morjaria, northwestern, seminar: macro/if: luigi bocola, stanford, seminar: macro/if: alisdair mckay, minneapolis fed, seminar: theory/io/experimental: kfir eliaz, tel aviv university, seminar: applied micro: elira kuka, gwu, seminar: applied micro: lucas goodman, treasury, seminar: theory/io/experimental: onur kesten, university of sydney, seminar: theory/io/experimental: ricardo serrano-padial, drexel, seminar: macro/if: andrei levchenko, u michigan, seminar: theory/io/experimental: joao antunes ramos, usc, seminar: macro/if: karthik sastry, princeton, seminar: theory/io/experimental: jose cuesta, stanford, seminar: econometrics joint with macro/if: enrique sentana, cemfi, seminar: applied micro: edoardo teso, northwestern, kellogg, seminar: macro/if: jesus fernandez-villaverde, penn, seminar: theory/io/experimental: ian chadd, rpi, seminar: macro/if: marco del negro, ny fed, seminar: econometrics: ruoxuan xiong, emory university, seminar: applied micro: kirby nielsen, caltech, seminar: macro/if: martin beraja, mit, seminar: theory/io/experimental joint with econometrics: mert demirer, mit sloan school of management, seminar: applied micro: nirupama rao, university of michigan, seminar: theory/io/experimental: marina agranov, caltech, seminar: econometrics: daniel chen, institute for advanced study in toulouse, seminar: econometrics: jinyong hahn, ucla, seminar: theory/io/experimental: gerelt tserenjigmid, uc, santa cruz, seminar: macro/if: noemie pinardon-touati, columbia, seminar: macro/if: chris boehm, ut austin, seminar: macro/if: carlos esquivel, rutgers, seminar: applied micro: barbara biasi, yale, seminar: macro/if: ryan kim, john hopkins sais, seminar: theory/io/experimental: yiyi zhou, stony brook, neil moskowitz economics lecture: janice eberly, kellogg school of management, seminar: applied micro: maria mica sviatschi, princeton, seminar: theory/io/experimental: gautam gowrisankaran, columbia university, seminar: macro/if: nicholas trachter, federal reserve of richmond, seminar: theory/io/experimental: jeongbin kim, florida state, seminar: econometrics: mehmet caner, nc state university, seminar: applied micro: miroslav palansky, charles university, prague, and tax justice network, econ 708: michael lipsitz, federal trade commission, seminar: trade/institutions/politics: mateo uribe, university del rosario, seminar: econometrics/macro: christiane baumeister, university of notre dame, seminar: theory/io/experimental: pierre dubois, toulouse school of economics, seminar: theory/io/experimental: yaron azrieli, ohio state university, canceled: seminar: applied micro: arindrajit dube, university of massachusetts, seminar: macro/if: mark gertler, nyu, seminar: theory/io/experimental: katja seim, yale som, seminar: applied micro: garance genicot, georgetown university, seminar: macro/if: enrique mendoza, university of pennsylvania, seminar: applied micro: nolan pope, umd, seminar: theory/io/experimental: sam altmann, paris school of economics/queen mary university, neil moskowitz economics lecture: pinelopi goldberg, yale, seminar: econometrics: bin chen, university of rochester, seminar: theory/io/experimental: kwok hao lee, nus, seminar: theory/io/experimental: elif incekara-hafalir, university of technology, sydney, seminar: theory/io/experimental: alex mackay, harvard business school, seminar: macro/if (joint with finance): ufuk akcigit, university of chicago, seminar: macro/if: aysegul sahin, university of texas, austin, seminar: applied micro: jeffery smith, university of wisconsin, madison, seminar: applied micro: zachary bleemer, princeton, seminar: applied micro: david deming, harvard, seminar: macro/if: adrien bilal, harvard, seminar: theory/io/experimental: isa hafalir, university of technology sydney, seminar: applied micro: amanda pallais, harvard, seminar: macro/if: andres neumeyer, universidad torcuato di tella, seminar: macro/int'l finance: karsten müller, national university of singapore, seminar: theory/io/experimental: jonathan elliott, johns hopkins, seminar: applied micro: eliana la ferrara, harvard, seminar: macro/int'l finance: bence bardóczy, federal reserve board of governors, seminar: theory/io/experimental: robert clark, queen's university, seminar: macro/int'l finance: luminita stevens, umd, seminar: theory/io/experimental: el hadi caoui, university of toronto- mississauga, seminar: applied micro: sebastian galiani, umd, seminar: applied micro: ellora derenoncourt, princeton university, seminar: macro/int'l finance: vivian yue, emory university, seminar: applied micro: eric zwick, university of chicago, seminar: macro/int'l finance: michael kiley, federal reserve board, seminar: econometrics: badi baltagi, syracuse university, seminar: macro/int'l finance (joint with finance dept): hanno lustig, stanford university, seminar: applied micro: seth sanders, cornell university, seminar: econometrics: jeffrey wooldridge, michigan state university, seminar: applied micro: jack mountjoy, university of chicago, seminar: macro/int'l finance: sebastian hillenbrand, harvard university, canceled: seminar: theory/io/experimental: todd sarver, duke university, seminar: econometrics: ulrich mueller, princeton university, canceled: seminar: macro/int'l finance: mark gertler, nyu, seminar: applied micro: david arnold, uc san diego, seminar: theory/io/experimental: bradley setzler, penn state university, seminar: econometrics: max farrell, university of chicago, seminar: macro/int'l finance: laura castillo-martinez, duke university, seminar: econometrics: yoosoon chang, indiana university, seminar: theory/io/experimental: charles hodgson, yale university, seminar: macro/int'l finance: yuriy gorodnichenko, uc berkeley, seminar: applied micro: david powell, rand corporation, seminar: macro/int'l finance: javier bianchi, minneapolis federal reserve bank, seminar: theory/io/experimental: elchin suleymanov, purdue university, seminar: applied micro: milena almagro, university of chicago, seminar: macro/int'l finance: gianluca violante, princeton university, neil moskowitz economics lecture: daron acemoglu, mit, panel discussion: russia's war in ukraine: cost, resilience, and recovery, seminar: theory/io/experimental: özlem bedre-defolie, esmt berlin, seminar: theory/io/experimental: hulya eraslan, rice university, seminar: macro/int'l finance: annette vissing-jorgensen, federal reserve board, seminar: macro/int'l finance: elisa rubbo, university of chicago, canceled: seminar: applied micro: sebastian galiani, umd, seminar: macro/int'l finance: thomas drechsel, umd, seminar: theory/io/experimental: kemal yildiz, bilkent university, seminar: theory/io/experimental: ginger jin, umd, seminar: econometrics: valentin verdier, unc chapel hill, seminar: econometrics: tiemen woutersen, university of arizona, seminar: labor/public finance/development: jacob goldin, university of chicago law school, seminar: theory/io/experimental: anujit chakraborty, uc davis, seminar: labor/public finance/development: nathaniel hendren, harvard, seminar: macro/int'l finance: johannes wieland, uc san diego, seminar: theory/io/experimental: kirby nielsen, caltech, seminar: labor/public finance/development: eduardo montero, university of chicago, seminar: macro/int'l finance: annie lee, johns hopkins university, seminar: theory/io/experimental: kate ho, princeton university, seminar: labor/public finance/development: ben zou, michigan state university, seminar: macro/int'l finance: anna cieslak, duke university, seminar: theory/io/experimental: lones smith, university of wisconsin, seminar: trade/institutions/politics: robert ainsworth, university of florida, seminar: econometrics: michael pollmann, duke university, seminar: labor/public finance/development: max risch, carnegie mellon, seminar: macro/int'l finance: stephanie schmitt-grohe, columbia university, seminar: theory/io/experimental: daniel martin, uc santa barbara, state of the department, seminar: trade/institutions/politics: gabriele gratton, unsw business school, seminar: econometrics: leland farmer, uva, seminar: labor/public finance/development: ethan kaplan, umd, seminar: macro/int'l finance: gregory phelan, williams college, seminar: theory/io/experimental: doruk iris, sogang university, seminar: econometrics: david hughes, boston college, seminar: macro/int'l finance: pablo ottonello, university of michigan, postponed: seminar: labor/public finance/development: jacob goldin, university of chicago law school, seminar: macro/int'l finance: leland farmer, uva, seminar: theory/io/experimental: tanjim hossain, university of toronto, seminar: labor/public finance/development: camille landais, london school of economics, seminar: macro/int'l finance: elena pastorino, stanford, seminar: theory/io/experimental: zach brown, university of michigan, seminar: macro/int'l finance: louphou coulibaly, university of wisconsin-madison, seminar: labor/public finance/development: michael dinerstein, university of chicago, seminar: theory/io/experimental: lanier benkard, stanford university, seminar: labor/public finance/development: tatiana homonoff, nyu, seminar: macro/int'l finance: hillary stein, federal reserve bank of boston, seminar: theory/io/experimental: steven berry, yale university, seminar: macro/int'l finance: chen lian, uc berkeley, seminar: theory/io/experimental: omer tamuz, caltech, seminar: macro/int'l finance: rafael guntin, university of rochester, seminar: theory/io/experimental: ryota iijima, yale university, seminar: macro/int'l finance: niklas kroner, federal reserve board, summer 708 brownbag workshops, seminar: labor/public finance/development: nolan pope, umd, panel discussion: economic analysis of the war in ukraine, seminar: io/theory/experimental: bruno pellegrino, umd smith, seminar: econometrics; abhimanyu gupta, university of essex, seminar: trade/institutions/politics; guo xu, berkeley haas, seminar: trade/institutions/politics; pablo fajgelbaum, princeton university, seminar: trade/institutions/politics; jonathan dingel, university of chicago booth, seminar: trade/institutions/politics; jonathan vogel, ucla, seminar: trade/institutions/politics; marc muendler, ucsd, seminar: trade/institutions/politics; ilyana kuziemko, princeton university, seminar: labor/public finance/development; gaston illanes, northwestern, seminar: labor/public finance/development; seth zimmerman, yale som, seminar: labor/public finance/development joint w/tip; simon jäger, mit, seminar: labor/public finance/development; sandy black, columbia university, seminar: labor/public finance/development: evan rose, university of chicago, seminar: labor/public finance/development: naomi hausman, the hebrew university of jerusalem, seminar: io/theory/experimental; shoshana vasserman, stanford university, seminar: io/theory/experimental; ryan kellogg, university of chicago, seminar: io/theory/experimental; adam kapor, princeton university, seminar: io/theory/experimental; yaroslav rosokha, purdue university, seminar: io/theory/experimental; kevin williams, yale som, seminar: io/theory/experimental; lorenzo magnolfi, university of wisconsin, seminar: io/theory/experimental; santiago sanchez-pages, king's college london, seminar: io/theory/experimental joint w/econometrics; wayne gao, upenn, seminar: io/theory/experimental; marco ottaviani, bocconi university, seminar: io/theory/experimental; rohit lamba, penn state, seminar: io/theory/experimental; philipp sadowski, duke university, seminar: macroeconomics/int'l finance; emil verner, mit, seminar: macroeconomics/int'l finance; oleg itskhoki, ucla, seminar: macroeconomics/int'l finance; fabrizio perri, federal reserve bank of minneapolis, seminar: macroeconomics/int'l finance; stefania albanesi, university of pittsburgh, seminar: macroeconomics/int'l finance; francesco bianchi, johns hopkins university, seminar: macroeconomics/int'l finance; andres drenik, university of texas at austin, seminar: macroeconomics/int'l finance; tarek hassan, boston university, seminar: macroeconomics/int'l finance; moritz schularick, university of bonn, seminar: io/theory/experimental: isa hafalir, university of technology sydney, ms program in applied economics - information session, econ 709: dheeraj chaudhary, seminar: io/theory/experimental; paul cheung, university of maryland, seminar: io/theory/experimental; robin lee, harvard university, seminar: io/theory/experimental; emily cuddy, northwestern university, seminar: io/theory/experimental joint/w econometrics; karl shurter, pennsylvania state university, seminar: io/theory/experimental; robert town, university of texas at austin, seminar: io/theory/experimental; kevin he, university of pennsylvania, seminar: io/theory/experimental; lesley chiou, occidental college, seminar: io/theory/experimental; sylvia hristakeva, university of california, los angeles, seminar: io/theory/experimental; allan collard-wexler, duke university, econ 708: paul cheung, seminar: macroeconomics/int'l finance; moritz lenel, princeton university, seminar: macroeconomics/int'l finance; ines xavier, federal reserve board of governors, seminar: macroeconomics/int'l finance; juliana saloma, university of minnesota, seminar: labor/public finance/development; christopher taber, university of wisconsin-madison, seminar: trade/institutions/politics joint w/arec; treb allen, dartmouth college, seminar: trade/institutions/politics; ceren baysan, university of essex, seminar: trade/institutions/politics; brian kovak, carnegie mellon university, seminar: trade/institutions/politics: amit khandelwal, columbia business school, seminar: labor/public finance/development; david mckenzie, world bank, seminar: macroeconomics/int'l finance; elisa rubbo, university of chicago, seminar: macroeconomics/int'l finance: pablo ottonello, university of michigan, seminar: macroeconomics/int'l finance; olivier darmouni, columbia university, seminar: macroeconomics/int'l finance; martin eichenbaum, northwestern university, seminar: macroeconomics/int'l finance; thuy lan nguyen, santa clara university, econ 708: mario leccese, econ 708: olga fetisova, econ 708: nebahat ferda erturk, econ 708: shanglyu deng, econ 708: keaton ellis, econ 708: sueyoul kim, econ 708: yue chao, econ 708: open, econ 708: alessandra palazzo/ming fang, econ 708: john soriano, econ 708: jacqueline nguyen, econ 708: daniel chapman, econ 708: rachel nesbit, econ 708: nathalie gonzález, econ 708: qiyao zhou, econ 708: cristina riquelme/sebastián montano, econ 708: macarena kutscher, econ 708: jiankun chen, econ 708: claire hou, econ 708: palak suri, econ 708: erika domotor, econ 708: panagiotis dimitrellos, econ 708: daniel kolliner, econ 708: tomohiro hara, econ 708: first meeting/elevator speeches, econ 709: marcelo teixeira, econ 709: zu yao hong, econ 709: pierre de leo, econ 709: flora lutz, econ 709: boragan aruoba and thomas drechsel, econ 709: open, econ 709: liang-chieh chiu, econ 709: heehyun lim, econ 709: shihangyin zhang, econ 709: yi liu, seminar: macroeconomics/int'l finance; eric van wincoop, university of virginia, seminar: macroeconomics/int'l finance; tony zhang, federal reserve board, seminar: macroeconomics/int'l finance; zhengyang jiang, northwestern university, seminar: macroeconomics / int'l finance; olivier jeanne, johns hopkins university, seminar: labor/public finance/development; bruce sacerdote, dartmouth university, seminar: labor/public finance/development; michael lovenheim, cornell university, seminar; econometrics; mikkel soelvsten, university of wisconsin-madison, seminar: econometrics; simon lee, columbia university, seminar: econometrics; jonathan roth, brown university, seminar: econometrics; yuehao bai, university of michigan, seminar: econometrics; dean eckles, mit sloan, seminar: labor/public finance/development; lowell taylor, carnegie mellon university, seminar: labor/public finance/development; dmitri koustas, university of chicago, seminar: labor/public finance/development; lisa dettling; federal reserve board, seminar: labor/public finance/development; john horton, mit, seminar: labor/public finance/development; matthew kraft, brown university, seminar: labor/public finance/development; conrad miller, university of california berkeley, seminar: macroeconomics/int"l finance; sergio villalvazo, university of pennsylvania, ms program information session, seminar: trade/institutions/politics; federica izzo, university of california, san diego, seminar: theory/io/experimental; benjamin shiller, brandeis university, seminar: theory/io/experimental; alan sorensen, university of wisconsin, seminar: theory/io/experimental; marta serra-garcia, university of california san diego, seminar: theory/io/experimental; john asker, university of california los angeles, seminar: theory/io/experimental; thomas wollmann, university of chicago booth, seminar: theory/io/experimental; hiroki nishimura, university of california riverside, seminar: theory/io/experimental; alessandro gavazza, london school of economics, seminar: theory/io/experimental; peter schwardmann, university of munich, seminar: theory/io/experimental; ernesto reuben, new york university abu dhabi, seminar: theory/io; michael ostrovsky, stanford university, seminar: theory/io; myrto kalouptsidi, harvard university, seminar: theory/io/experimental; marco mariotti, queen mary university of london, seminar: labor/public finance/development; basit zafar, university of michigan, seminar; labor/public finance/development; mallika thomas, cornell university, seminar: labor/public finance/development; mark duggan, stanford university, seminar: labor/public finance/development; ana reynoso, university of michigan, seminar: labor/public finance/developement; petra todd, university of pennsylvania, seminar: labor/public finance/development; scott carrell, university of california davis, seminar: labor/public finance/development; gaurav khanna, university of california san diego, seminar: labor/public finance/development; imran rasul, university college london, seminar: labor/public finance/development; matthias doepke, northwestern university, seminar: labor/public finance/development; caterina calsamiglia, ipeg, barcelona graduate school, seminar: labor/public finance/development; timothy bartik, upjohn institute, seminar: theory/io/experimental; xiaosheng mu, princeton university, seminar: labor/public finance/development; juan pantano, university of arizona, seminar: macroeconomics/int'l finance; saleem bahaj, bank of england, seminar: macroeconomics/int'l finance; adrien auclert, stanford university, seminar: macroeconomics/int'l finance; david baqaee, university of california los angeles, seminar; macroeconomics/int'l finance; jordi gali, crei, center for research in international economics, seminar: macroeconomics/int'l finance; pierre-olivier gourinchas, university of california berkeley, seminar: macroeconomics/int'l finance; makoto nakajima, federal reserve board philadelphia, seminar: macroeconomics/int'l finance, klaus adam, oxford university, seminar: macroeconomics/int'l finance; vania stavrakeva, london business school, seminar: macroeconomics/int'l finance; nitya pandalai-nayar, university of michigan, seminar: macroeconomics/int'l finance; gabriel chodorow-reich, harvard university, seminar: macroeconomics/int'l finance; pablo ottonello, university of michigan, seminar: macroeconomics/int'l finance; martin wolf, university of st. gallen, seminar: macroeconomics/int'l finance; christian wolf, university of chicago, seminar: io/theory joint w/econometrics; amit gandhi, university of pennsylvania, seminar: io/applied micro theory; hamming fang, university of pennsylvania, seminar: theory/experimental/io; mike abito, university of pennsylvania wharton, seminar: theory/experimental/io; sujoy mukerji, queen mary university of london, seminar: theory/io; tobias salz, mit, seminar: theory/experimental/io; barton lipman, boston university, seminar: theory/experimental/io; paola manzini, university of sussex, seminar: theory/experimental/io joint/w econometrics; cancelled, seminar: theory/experimental/io; paulo natenzon, washington university in st. louis, seminar: theory/experimental/io; geoffroy de clippel, brown university, seminar: theory/io/experimental; ran shorrer, penn state university, seminar: theory/experimental/io; marc rysman, boston university, seminar: theory/experimental/io joint w/political economy; david yang, harvard university, seminar: theory/experimental/io; sean horan, university of montreal, seminar: io/theory/experimental; mo xiao, university of arizona, seminar; io/theory/experimental; hui li; carnegie mellon university, seminar: io/theory/experimental; chiara farrnato, harvard univeristy, seminar: trade/institutions/politics; ryan monarch, federal reserve board, seminar: trade/institutions/politics; davin chor, dartmouth college, seminar: labor/public finance/development; jesse rothstein, university of california berkeley, seminar; labor/public finance/development; nicholas bloom, stanford university, seminar: labor/public finance/development; uta schoenberg, university college london, seminar: labor/public finance/development; hilary hoynes, university of california berkeley, seminar: labor/public finance/development; patrick kline, university of california berkeley, seminar: labor/public finance/development; jeanne lafortune, pontificia universidad catholica de chile, seminar: labor/public finance/development; costas meghir, yale university, seminar: labor/public finance/development; timothy moore, purdue university, seminar: labor/public finance/development; mark hoekstra, texas a & m university, seminar: macroeconomics/int'l finance; peter karadi, european central bank, seminar: macroeconomics/int'l finance; ana fostel, university of virginia, seminar: macroeconomics/int'l finance; wenxin du, university of chicago booth, macroeconomics/int'l finance; matteo maggiori, stanford university, seminar: macroeconomics/int'l finance; andrea prestipino, federal reserve board of governors, seminar: macroeconomics/int'l finance; diego perez, new york university, seminar: macroeconomics/int'l finance; ricardo reis, london school of economics, seminar: macroeconomics/int'l finance joint w/trade/institutions/politics; andrei levchenko, university of michigan, seminar: macroeconomics/int'l finance; michaela pagel, columbia business school, seminar: macroeconomics/int'l finance; ludwig straub, harvard university, macroeconomics/int'l finance; mirko wiederholt, sciences po, seminar: macroeconomics/int'l finance; tomas williams, george washington university, seminar: macroeconomics/int'l finance; ethan ilzetzki, london school of economics, seminar: labor/public finance/development; christopher woodruff, oxford university, seminar: macroeconomics/int'l finance: george liao, federal reserve board, econ 709: xue song, seminar: labor/public finance joint w/mprc population research center; martha bailey, university of michigan, econ 708: anusuya sivaram, seminar: labor/public finance/development; richard patterson, united states military academy, seminar: theory/io; cancelled, seminar: theory/io/experimental; david huffman, university of pittsburgh, seminar: theory/io/experimental; john k.h. quah, johns hopkins university, seminar: labor/public finance/development joint with arec; ted miguel, uc berkeley, seminar: labor/public finance/dev: cancelled, seminar: macro/int'l joint with trade/institutions; cancelled, seminar: public/labor/development; santiago levy, brookings institute, econ 708: xinlu yao, econ 708: macarena kutscher / elif bike osun, econ 708: mrin chatterjee / ferda erturk, econ 708: mateo uribe-castro/shanjukta nath, econ 708: claire hou/nathalie gonzalez, econ 708: george zuo / erika domotor, econ 708: luke pardue/matthew summers, econ 708: john soriano, econ 708: ibraheem catovic, econ 708: ming fang, econ 708: hao bo, econ 709: seula kim, econ 709: eugene oue, econ 709: ed olivares, econ 709: gonzalo garcia, econ 709: wenbo yu, econ 709: kenji higa flores, econ 709: boragan aruoba, econ 709: hyung-suk choi, seminar: io/theory joint w/econometrics; lixiong li, johns hopkins university, seminar: econometrics; david drukker, stata corp., seminar: theory/io; mohammad akbarpour, stanford university, econ709: gonzalo garcia, econ709: liang-chieh chiu, econ709: hee hyun lim, econ709: donggyu lee, econ709: shihangyin zhang, econ709: hyung suk choi, econ709: yi zhao, econ709: karam jo, econ709: alejandro graziano, econ709: lerong li, econ709: seth murray, econ709: jun hee kwak, econ709: marcelo teixiera, econ709: open, seminar: labor/public finance/development; salvador navarro, university of western ontario, seminar: econometrics; minsu chang, georgetown university, seminar: econometrics; benedikt poetscher, university of vienna, seminar: macroeconomics/int'l finance; andrei zlate, federal reserve board, seminar: macroeconomics / international finance; george alessandria, university of rochester, seminar: macroeconomics / international finance; christopher tonetti, stanford university, seminar: macroeconomics / international finance; dan cao, georgetown university, seminar: macroeconomics/international finance; dmitry mukhin, university of wisconsin madison, seminar: macroeconomics/international finance; graciela kaminsky, george washington university, seminar: international finance joint with trade/institutions/politics; natalia ramondo, university of california san diego, seminar: trade/institutions/politics; kirill pogorelskiy, university of warwick, seminar: trade/institutions/politics; daniel treisman, university of california los angles, seminar: trade/institutions/politics; james fearon, stanford university, seminar: trade/institutions/politics; eduardo morales, princeton university, seminar: macroeconomics/international finance; yan bai, university of rochester, seminar: macroeconomics/int'l finance; ricardo reyes-heroles, federal reserve board, seminar: labor/public finance/development; peter bergman, columbia university, seminar: labor/public finance/development; kurt lavetti, ohio state university, seminar: macroeconomics/int'l finance; matteo iacoviello, federal reserve board, seminar: labor/public finance/development; hie joo ahn, federal reserve board, seminar: macroeconomics/int'l finance: daniel greenwald, mit sloan, seminar: labor/public finance/development; richard murphy, university of texas austin, seminar: labor/public finance/development; michael gilraine, new york university, seminar: macroeconomics/int'l finance; yueran ma, chicago booth, seminar: econometrics; zhentao shi, chinese university of hong kong, seminar: io/theory; andrew kloosterman, university of virginia, seminar: io/theory; peter troyan, university of virginia, seminar: io/theory; thomas palfrey, california institute of technology, seminar:io/theory; sudipta sarangi, virginia polytechnic institute, seminar: trade/institutions/politics joint with io/theory; daniel xu, duke university, seminar: theory/io; john hatfield, university of texas austin, seminar: theory/io/experimental; shaowei ke, university of michigan, seminar: theory/io/experimental; stephen ryan, washington university, seminar: theory/io/experimental; jacopo perego, columbia university, seminar: theory/io/experimental; claudia robles-garcia, stanford university, seminar: theory/io/experimental; annie liang, university of pennsylvania, seminar: labor/public finance/development; juan carlos suarez serrato, duke university, seminar: labor/public finance/development; gregory lane, american university, seminar: io/theory; nikhil agarwal, mit, seminar: theory/io/experimental; wolfgang pesendorfer, princeton university, seminar: labor/public finance/development; bryan stuart, george washington university, seminar: labor/public finance/development; john eric humphries, yale university, seminar: macroeconomics/int'l finance; joachim hubmer, yale university, seminar: macroeconomics/int'l finance; corina boar, new york university, seminar: econometrics; peter robinson, london school of economics, seminar: trade/institutions/politics; carles boix, princeton university, seminar: econometrics; liyu dou, chinese university of hong kong, seminar: history / io/theory; jose-antonio espin-sanchez, yale university, seminar: io/theory; kota saito, california institute of technology, seminar; econometrics; mikkel plagborg-moller, princeton university, seminar: labor/public finance/development: christopher smith, federal reserve board of governors, seminar: labor/public finance/development; owen zidar, princeton university, seminar:io/theory joint w/labor/public finance; molly schnell, siepr/northwestern, seminar: trade/institutions/politics: olga timoshenko, george washington university, seminar: trade/institutions/politics; alonso de gortari, princeton university, seminar: trade/institutions/politics; james feigenbaum, boston university, seminar: trade/institutions/politics: natalia ramondo, canceled, seminar: labor/public finance/development; peter bergman - cancelled, seminar: labor/public finance/developement; abby alpert, university of pennsylvania wharton, seminar: econometrics; neil shephard, harvard university, seminar: io/theory; marie-louise viero, queens university, seminar: io/theory; miguel ballester, university of oxford, seminar: io/theory; james cox, georgia state university, seminar: io/theory; eugenio proto, university of bristol, seminar: io/theory; ian krajbich, ohio state university, seminar: macroeconomics/int'l finance; juliane begenau, stanford gsb, seminar: macroeconomics/int'l finance; markus brunnermeier, princeton university, seminar: macroeconomics/int'l finance; martin uribe, columbia university, seminar: macroeconomics/int'l finance; alberto martin, crei, seminar: macroeconomics/int'l finance: olivier coibion, university of texas at austin, seminar: macroeconomics/int'l finance; christopher carroll, johns hopkins university, econ 708 - matthew staiger, econ 708 - camila galindo, econ 708 - xinlu yao, econ 708 - matthew summers, econ 708 - cody tuttle, econ 708 - prateik dalmia, econ 708 - george zuo, econ 708 - palak suri, econ 708 - tomohiro hara, econ 708 - john soriano, econ 708 - yongjoon park, econ 708 - daniel kolliner, econ 708 - paul cheung, seminar: macroeconomics; christina patterson, mit, seminar: io/theory; ala avoyan, indiana university, seminar: macroeconomics/int'l finance; jesus fernandez-villaverde, university of pennsylvania, seminar: io/theory; yizhou jin, stony brook university, seminar: macroeconomics; international finance; lorena keller, northwestern university, seminar: macroeconomics/international finance; thomas drechsel, london school of economics, seminar: macroeconomics/international finance; lorena keller, northwestern university, kellogg school, seminar: macroeconomics/international finance; sasha indarte, northwestern university, seminar: macroeconomics/international finance; lesley sheng shen, university of california berkeley, seminar: macroeconomics/international finance; mauricio ulate, university of california berkeley, seminar: io/theory; teddy mekonnen, northwestern/caltech, seminar: macroeconomics/int'l finance/stephanie johnson, northwestern university, seminar; macroeconomics/international finance; pierre deleo, boston college, seminar: io/theory; marleen marra, university college london, seminar: econometrics; timothy armstrong, yale university, seminar: development; siddharth george, harvard university, seminar: io.theory; chenyu yang, university of rochester, seminar: io/theory; hsin-tien tiffany tsai, university of california, berkeley, seminar: macroeconomics/int'l finance; sergio rebelo, northwestern university, seminar: labor/public finance/development; john coglianese, federal reserve board, seminar: labor/public finance/development; daniel hamermesh, university of texas austin, seminar: io/theory; adam dominiak, virginia tech, econ 708: fernando saltiel and xinlu yao, econ 708: cody tuttle and eric lewis, econ 708: sai luo, econ 708: george zuo, econ 708: jun zhang, seminar: io/theory; ashley swanson, university of pennsylvania wharton, econ709: can sever, econ 709: yi zhao, econ 709: donggyu lee, econ 709: veronika penciakova, econ 709: hsuan yu, econ 709: xing hong, econ 708: santiago velez-ferro, econ 708: shunjie tu, econ 708: gustavo saraiva, seminar: trade / institutions / politics; anthony fowler, university of chicago harris, seminar: trade / institutions / politics; gregory martin, stanford graduate school of business, seminar: trade / institutions / politics; nitya pandalai nayar, university of texas austin, seminar: trade/institutions/politics; nick tsivanidis, dartmouth college, seminar: trade/instituions/politics: fuad aleskerov, higher school of economics, seminar: econometrics; hidehiko ichimura, university of arizona, seminar: io/theory; guillermo marshall, university of illinois, seminar: macroeconomics / int’l finance; veronica guerrieri, university of chicago booth, seminar: labor/public finance/development; erich battistin, university of maryland arec, seminar: labor/public finance/development; rebecca diamond, stanford graduate school of business, seminar: macroeconomics/int'l finance; guido lorenzoni, northwestern university, seminar: macroeconomics/int'l finance joint w/trade/institutions/politics; ariel burstein, ucla, seminar: macroeconomics/int'l finance; liliana varela, university of warwick, seminar: macroeconomics/int'l finance; raphael schoenle, brandeis university, seminar: macroeconomics/int'l finance; kinda hachem, university of virginia, seminar: io/theory; emanuel vespa, university of california santa barbara, seminar: io/theory; sevgi yuksel, university of california, santa barbara, seminar: io/theory; faruk gul, princeton university, seminar: io/theory; sudipta sarangi, virginia tech - cancelled, seminar: io/theory; fuad aleskerov, national research university higher school of economics, seminar: io/theory; daniel friedman, university of california, santa cruz, seminar: io/theory joint w/public finance; martin hackmann, university of california los angeles, seminar: io/theory; peter newberry, pennsylvania state university, seminar: io/theory; fanyin zheng, columbia university, seminar: io/theory; nicholas buchholz, princeton university, seminar: econometrics; andres aradillas-lopez, pennsylvania state university, seminar: macroeconomics / international finance: george-marios angeletos, mit, seminar: econometrics; peter hansen, university of north carolina, chapel hill, seminar: macroeconomics/international finance; arlene wong, princeton university, seminar: econometrics; michal kolesar, princeton university, seminar; macroeconomics/international finance; narayana kocherlakota, university of rochester, seminar: macroeconomics/international finance; aditya aladangady, board of governors, seminar: labor/public finance/development; benjamin hansen, unversity of oregon, seminar: labor/public finance/development; natalia rigol, harvard university, seminar: labor/public finance/development; joshua goodman, harvard university, seminar: econometrics; ruixuan liu, emory university, seminar: labor/public finance/development; jessica goldberg, university of maryland, seminar: labor/public finance/development; leah boustan, princeton university, seminar: econometrics joint with io/theory; isabelle perrigne, rice university, seminar: international trade: fernando parro, johns hopkins university, seminar: io/theory; selcuk ozyurt, sbranci university, visiting carnegie mellon, seminar: trade/institutions/politics; chris vickers, auburn university, seminar; trade/institutions/politics; alan spearot, university of california, santa cruz, seminar: trade/institutions/politics; meredith startz, princeton university, seminar: econometrics; albert zevelev, baruch college, seminar: econometrics: debopam bhattacharya, university of cambridge, seminar: trade/institutions/politics; in song kim, mit, seminar: macroeconomics/int'l finance; joel david, university of southern california, seminar: io/theory/experimental; massimiliano amarante, université de montréal, seminar: io/theory/experimental; volker nocke, ucla, seminar: io/theory; efe ok, new york university, seminar: io/theory; chen zhao, university of hong kong, seminar: io/theory: barry sopher, rutgers university, seminar: macroeconomics/int'l finance; maxim troshkin, cornell university, seminar: macroeconomics/int'l finance; fabio ghironi, university of washington, seminar: macroeconomics/int'l finance; sweta saxena, imf, seminar: macroeconomics/int'l finance; enrique mendoza, university of pennsylvania, seminar: macroeconomics/int'l finance; brent bundick, federal reserve bank, seminar: macroeconomics/int'l finance; basile grassi, bocconi university, seminar: macroeconomics/int'l finance; etienne gagnon, federal reserve board, seminar: econometrics joint w/io/theory; adam rosen, duke university, seminar: industrial organization; nathan miller, georgetown university, seminar: labor/public finance/development; ben keys, university of pennsylvania, wharton, seminar: labor/public finance/development; miguel urquiola, columbia university, seminar: labor/public finance/development; peter ganong, university of chicago, seminar: labor/public finance/development; lisa kahn, yale university, seminar: labor/public finance/development; christopher neilson, princeton university, seminar: labor/public finance/development; tom vogl, princeton university, seminar: labor/public finance/development; brian jacob, university of michigan, seminar: macroeconomics; sergio salgado, university of minnesota, seminar: industrial organization; richard domurat, university of california los angles, seminar: macroeconomics; diego daruich, new york university, seminar: industrial organization: andrew steck; duke university, seminar: macroeconomics; pavel brendler, wisconsin school of business, seminar:macroeconomics/int'l finance; julian kozlowski, new york university, seminar: industrial organization; yi xin; johns hopkins university, seminar: public economics; qing gong, university of pennsylvania, seminar: industrial organization/theory; daniel waldinger, mit, seminar: macroeconomics; dmitri koustas, uc berkeley, seminar: io/theory; hong lin, university of maryland, seminar: io/theory; xuezhen tao, university of maryland, seminar: io/theory: haomin yan, university of maryland, seminar: macroeconomics/int'l finance; sina ates, federal reserve board, seminar: io/theory; alexander brown, texas a&m university, seminar: econometrics; peter egger, eth zurich, seminar: io/theory; ariel rubinstein, new york university, seminar: io/theory; christopher chambers, georgetown university, seminar: trade / institutions / politics; trevon logan, ohio state university, seminar: macroeconomics/int'l finance; salome baslandze, einaudi institute for economics and finance, seminar: trade/institutions/politics; john wallis, university of maryland, seminar: econometrics: eleonora patacchini, cornell university, seminar: macroeconomics/int'l finance; fatih karahan, federal reserve bank of new york, seminar: macroeconomics/int'l finance; russell cooper, pennsylvania state university, seminar: macroeconomics/industrial finance; boragan aruoba, university of maryland, seminar: io/theory/experimental; francisco alvarez, universidad complutense madrid, visiting umd, seminar: trade/institutions/politics; michael peters, yale university, seminar: trade/institutions/politics joint w/labor/public finance/development; christopher walters, university of california berkeley, seminar: trade/institutions/politics; elisa giannone, princeton university, seminar: trade/institutions/politics; stefania garetto, boston university, econ 709: seth murray, econ 709: karam jo, econ 709: rodrigo heresi, econ 709: ziying mao, econ 709: diyue guo, econ 709: glenn blackwood, econ 709: joonkyu choi, econ 709: edith laget, econ 709: hidehiko matsumoto, econ 709: bryan hardy, seminar: trade/institutions/politics; tommaso nannicini, bocconi university, seminar: labor/public finance/development; bruce meyer, university of chicago, seminar: labor/public finance/development; susan parker, university of maryland, school of public policy, seminar: trade/institutions/politics; maria petrova, barcelona graduate school of economics, seminar: trade/institutions/politics; clemence tricaud, ecole polytechnique, seminar: econometrics; tao zha, emory university, seminar: macroeconomics/int'l finance; simon gilchrist, new york university, seminar: macroeconomics/int'l finance; marina azzimonti, stony brook university, seminar: labor/public finance/development joint w/trade/institutions/politics; isaac sorkin, stanford university, seminar: labor/public finance/development; sarah turner, university of virginia, seminar: labor/public finance/development; manuela angelucci, university of texas at austin, seminar: macroeconomics/int'l finance; erik hurst, university of chicago booth, seminar: industrial organization/theory; vivek bhattacharya, northwestern university, seminar: industrial organization/theory; huseyin yildirim, duke university, seminar: industrial organization/theory; christopher sullivan, university of wisconsin-madison, seminar: industrial organization/theory; tim hubbard, colby college, seminar: industrial organization/theory; eugenio miravete, university of texas austin, seminar: industrial organization/theory joint w/econometrics; gaston illanes, northwestern university, seminar; industrial organization/theory / experimental economics; chloe tergiman, pennsylvania state university, seminar: macroeconomics/int'l finance; david berger, northwestern university, seminar: macroeconomics/int'l finance; hassan afrouzi, columbia university, seminar: macroeconomics/int'l finance; costas arkolakis, yale university, seminar: macroeconomics/int'l finance; elias papaioannou, london business school, seminar: macroeconomics/int'l finance; heejeong kim, concordia university, seminar: macroeconomics/int'l finance: thomas winberry, university of chicago booth, seminar: labor/public finance/development: jeremy magruder, university of california berkeley, seminar: macroeconomics / int'l finance; gauti eggertsson, brown university, seminar: macroeconomics/ international finance; raghuram rajan, university of chicago booth, umd closed due to expected inclement weather, seminar: labor/public finance/development; sandra black, university of texas, seminar: econometrics; marc henry, pennsylvania state university, econ 708 - io/theory - shen hui, econ 708 - io/theory - yue chao, econ 708 - io/theory - shunjie tu, econ 708 - io/theory - xuezhen tao (presenting jmp), econ 708 - io/theory - hong lin, econ 708 - io/theory - prateik dalmia, econ 708 - io/theory - spring break, econ 708 - io/theory - matt staiger (joint), econ 708 - io/theory - santiago ferro, econ 708 - io/theory - haomin yan, econ 708 - io/theory - xuezhen tao (presenting joint work), econ 708 - applied micro joint with /io/theory- cristian sanchez, econ 708 - applied micro - lucas goodman, econ 708 - applied micro - mateo uribe-castro, econ 708 - applied micro - alejandro graziano, econ 708 - applied micro - heath witzen, econ 708 - applied micro - elizabeth mata (public policy), econ 708 - applied micro - ernest koh, econ 708 - applied micro - spring break, econ 708 - applied micro - matt staiger (joint), econ 708 - applied micro - thomas hegland, econ 708 - applied micro - fernando saltiel, econ 708 - applied micro - sai luo, econ 709: can sever, jiankun chen, econ 709: lerong li and wei (tony) li, econ 709: yi zhao, karam jo, econ 709: yang liu, econ 709: seth murray (open half-slot), econ 709: spring break, seminar: macroeconomics / int'l finance; sebnem kalemli-ozcan, university of maryland, seminar: trade / institutions / politics joint with macroeconomics / int'l finance; andres rodriguez-clare, university of california berkeley, semiinar: macroeconomics/int'l finance; gianluca violante, new york university, seminar: io/theory, emin karagozoglu, bilkent university, seminar: i0/theory; sebastian fleitas, university of arizona, seminar: macroeconomics/int'l finance; ufuk akcigit, university of chicago, seminar: labor/public finance; alexander bartik, mit, seminar: macroeconomics / int'l finance; nelson lind, university of california san diego, seminar: macroeconomics / int'l finance; yan ji, mit, seminar: labor/public finance; nolan pope, university of chicago, seminar: io/theory; soheil ghili, northwestern university kellogg school, seminar: macroeconomics; jasmine xiao, university of cambridge, seminar: macroeconomics; nicolas caramp, mit, seminar: macroeconomics; simcha barkai, university of chicago, seminar: macroeconomics/ int'l finance; alexander rodnyansky, princeton university, seminar: econometrics; whitney newey, mit, seminar: econometrics; eric kolaczyk, boston university, seminar: trade/institutions/politics; cecile gaubert, university of california berkeley, seminar: trade/institutions/politics; costas akrolakis, yale university, seminar: econometrics; jason blevins, ohio state university, seminar: labor/public finance/development; danny yagan, university of california berkeley, seminar; labor/public finance/development, randall walsh, university of pittsburg, seminar: io/theory, mark dean, columbia university, seminar: io/theory; ryan oprea, university of california santa barbara, seminar: io/theory; nageeb ali, pennsylvania state university, seminar: io/theory; alistair wilson, university of pittsburg, seminar: io/theory; collin raymond, amherst college, seminar: io/theory; timothy salmon, southern methodist university, seminar: io/theory; jon eguia, michigan state university, assa 2017 university of maryland faculty, students, and alumni reception, seminar: labor/public finance/development; erica field - cancelled, seminar: labor/public finance/development; felipe barrera-osorio, harvard, seminar: labor/public finance/development; paul gertler, university of california berkeley, seminar: labor/public finance/development; owen ozier, world bank, seminar: labor / public finance / development: ian m. schmutte, university of georgia, seminar: labor/public finance/development; mark rosenzweig, yale university, seminar: macroeconomics/int'l finance; emi nakamura, columbia university, seminar: io/theory; lawrence ausubel, university of maryland, seminar: macroeconomics / int'l finance; eric sims, university of notre dame, seminar: macroeconomics / int'l finance; brent neiman, university of chicago booth, seminar: macroeconomics / int'l finance; ernesto pasten, central bank of chile, seminar: macroeconomics / int'l finance; kurt mitman, iies, stockholm university, seminar: macroeconomics / int'l finance; virgiliu midrigan, new york university, seminar: trade / institutions / politics; christian dippel, ucla anderson school of management, seminar: trade/institutions/politics; vincent pons, harvard business school, seminar: macroeconomics / int'l finance; grace weishi gu, university of california - santa cruz, seminar: trade / institutions / politics joint w/macroeconomics/int'l finance; javier cravino, university of michigan, econ 708: martha caulkins (environmental economics), econ 708: ozlem tonguc (behavioral and experimental economics), econ 708: emekcan yucel (political economy), econ 708: ying zeng (econometrics), econ 708: robert kulick (io), seminar: econometrics; whitney newey canceled - to be rescheduled, seminar: econometrics; ying zeng, university of maryland, seminar: trade / institutions / politics joint w/labor / public finance: wolfgang keller, university of colorado boulder, seminar: econometrics; manasa patnam, crest-ensae, seminar: labor / public finance / health / education; owen thompson, university of wisconsin, seminar: econometrics; ron gallant, pennsylvania state university, seminar: econometrics; ivan fernandez-val, boston university, seminar: econometrics; joris pinkse, pennsylvania state university, seminar; econometrics; benoit perron, universite de montreal, seminar: econometrics; shuyang sheng, university of california la, seminar: econometrics; xu cheng, university of pennsylvania, seminar: trade / institutions / politics; andres rodriguez-claire - cancelled to be rescheduled, seminar: trade / institutions / politics; horacio larreguy, harvard university, seminar: trade / institutions / politics; roger betancourt, university of maryland, seminar: trade / institutions / politics; melissa dell, harvard university, seminar: labor / public finance / development; lance lochner, university of western ontario, seminar: labor / public finance / development; rodrigo soares, columbia sipa, seminar: labor / public finance / development; na'ama shenhav, dartmouth college, seminar: labor / public finance / development; todd elder, michigan state university, seminar: labor / public finance / development: esther duflo, mit, seminar: labor / public finance / development; damon jones, university of chicago, seminar: lab0r / public finance / development: nathaniel hilger, brown university, seminar: macroeconomics / int'l finance; liliana varela, university of houston, seminar: macroeconomics / int'l finance joint w/trade / institutions / politics; samuel kortum, yale university, seminar: macroeconomics / int'l finance; marina azzimonti; canceled, seminar: macroeconomics / int'l finance; kyle jurado, duke university, seminar: macroeconomics / int'l finance; emmanuel farhi, harvard university, seminar: macroeconomics / int'l finance; javier bianchi, federal reserve bank of minneapolis, seminar: macroeconomics / int'l finance: joan farre-mensa, harvard business school, seminar: macroeconomics / int'l finance; alejandro justiniano, federal reserve bank of chicago, seminar: macroeconomics / int'l finance; victor rios-rull, university of pennsylvania, seminar: macroeconomics/int'l finance; shu lin wee, carnegie mellon university, seminar: io/theory; daniel zizzo, newcastle university, seminar: io/theory; matthew grennan, university of pennsylvania wharton, seminar: io/theory, gary bolton, university of texas dallas, seminar: io/theory; mitsu igami, yale university, seminar: io/theory; greg lewis, microsoft, econ709: glenn blackwood, econ709: john leon, econ709: jongho park, econ709: jingting fan, econ709: xing hong, econ 709: yang xu, econ709: youngjin yun, econ709: sungho noh, econ709: rodrigo heresi, econ709: scott ohlmacher, econ709: hsuan yu, econ 709: wei li, seminar: macroeconomics / int'l finance; ioana marinescu, university of chicago harris, fall 2016 semester begins, seminar: trade / institutions / politics; ethan kaplan, university of maryland, econ 709: xing hong (special session), seminar: trade / institutions / politics: john wallis, university of maryland, seminar: i0/theory; oleg baranov, university of colorado boulder, seminar: econometrics; matias cattaneo, university of michigan, seminar: labor / public finance / development; joshua gottlieb, university of british columbia, seminar: labor / public finance / development; basit zafar, federal reserve bank of new york, seminar: labor / public finance / development; quy-toan do, world bank, seminar: labor / public finance / development: seth zimmerman, university of chicago booth, seminar: labor / public finance / development: lesley turner, university of maryland, seminar: trade / institutions / politics; navin kartik, columbia university, seminar: trade / institutions / politics; ilyana kuziemko, princeton university, seminar: trade / institutions / politics: romain ranciere, imf, seminar: trade / institutions / politics; allan drazen and emekcan yucel, university of maryland, seminar: econometrics; elena manresa quirante, mit sloan, seminar: econometrics; anna mikusheva, mit, washington area economic history seminar: john tang, australian national university, seminar: io/theory; yusufcan masatlioglu, university of michigan, seminar: labor / public finance / development; amir jina, university of chicago, seminar: econometrics; maximilian kasy, harvard university, seminar: macroeconomics/int'l finance; guillermo ordonez, university of pennsylvania, seminar: macroeconomics/int'l finance; matthew rognlie, mit, seminar: macroeconomics/int'l finance; egon zakrajsek, board of governors, seminar: macroeconomics/int'l finance; alessandro dovis, pennsylvania state university, seminar: macroeconomics/int'l finance: pablo kurlat, stanford university, seminar: econometrics; arthur lewbel, boston college, seminar: macroeconomics/int'l finance; rasmus lentz, university of wisconsin madison, seminar: labor/public; esther duflo, canceled, seminar: io/theory; levent ulku, itam, seminar: io/theory; yan chen, university of michigan, seminar: io/theory; uzi segal, boston college, seminar: io/theory; marciano siniscalchi, northwestern university, seminar: io/theory; joe mazur, purdue university, seminar: io/theory; jonathan meer, texas a&m university, seminar: io/theory; yoram halevy, university of british columbia, econ 709: sungho noh, ziying mao, econ 709: shanxiao wang, yang liu [start at 12:20], econ 709: rodrigo heresi, marcelo teixeira [start at 12:20], econ 709: veronika penciakova, jongho park [start at 12:20], econ 709: jingting fan, econ 708 : special session, econ 709: youngjin yun, seminar: public finance / health; diane alexander, princeton university, seminar: public finance / health; dan zeltzer, princeton university, seminar: macroeconomics / int'l finance: ricardo reyes-heroles, princeton university, seminar: international trade; rodrigo rodrigues adao, mit, seminar: international trade; eunhee lee, yale university, seminar: international trade; sharon traiberman, princeton university, seminar: labor / public finance; benjamin lockwood, harvard university, seminar: macroeonomics/int'l finance; sergio deferra, london school of economics, seminar: macroeconomics/int'l finance, samer shousha, columbia university, seminar: international trade; david krisztian nagy, princeton university, seminar: macroeconomics/int'l finance, tarek hassan, university of chicago booth, seminar: macroeconomics/int'l finance, charles engel, university of wisconsin, wallace oates memorial, seminar: io/theory lixin ye, ohio state university, visiting umd, event: robert rubin, former u.s. treasury secretary and author of new york times bestseller, seminar: labor / public finance / development benjamin marx, university of illinois urbana-champaign, seminar: macroeconomics / int'l finance; daniel shoag, harvard university, seminar: econometrics yongmiao hong, cornell university, seminar: io/theory matthew shum, california institute of technology, seminar: labor / public finance / development jonathan zinman, dartmouth university, seminar: macroeconomics / int'l finance francisco buera, federal reserve bank of chicago, seminar: macroeconomics / int'l finance; karel mertens, cornell university, the university of maryland will be closed for the independence day holiday, seminar: io/theory, items of interest.

  • Welcome from Department Chair Andrew Sweeting
  • M.S. in Applied Economics
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dr br ambedkar thesis london school of economics title

Economics: The Study of Choice

Economics is the study of how societies organize production, distribution, and the exchange of goods and services and about choices on how scarce resources are allocated to satisfy human wants. Who wins? Who loses? Why? Economists use models that are substantiated by statistical analysis to study important issues such as economic growth, unemployment, productivity and efficiency, poverty and inequality, international trade, and the effects of government policy. 

The Economics Department offers  two undergraduate degrees , one through the College of Arts & Sciences, and the other through the Leavey School of Business. Students have the option to choose a concentration in data analysis or mathematical economics. The department also provides foundational courses for the  graduate  programs. 

About Our Program

The economics major at Santa Clara University provides rigorous training in how to analyze important issues based on theory and data and how individuals, firms, and policymakers can use these methods to make good decisions.

About our Undergraduate Majors

      

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Students can choose from two undergraduate degrees in economics: a Bachelor of Science in Commerce through the Leavey School of Business, or a Bachelor of Science degree through the College of Arts and Sciences.

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Students can choose from two undergraduate degrees in economics: a Bachelor of Science in Commerce through the Leavey School of Business, or a Bachelor of Science degree through the College of Arts and Sciences. Minor in economics also offered.

If you have any questions regarding accounting department programs and events, please contact the following individuals:

Economics Association Inquiries

SCU Economics Association Email:  [email protected]

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Jo-Anne Shibles Email: [email protected]

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Dongsoo Shin, Economics faculty

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Vito Cormun: New LSB Economics Faculty

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dr br ambedkar thesis london school of economics title

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On this page, you will find resources that will help you write your thesis or your capstone project. The links below will take you to online resources that may help with your citation and research, while the books linked may help you understand how to better write science-related papers. 

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Welcome to the UC Santa Barbara Department of Economics, one of the leading Economics Departments in the world. We are committed to shaping policy and informing the public on critical economic issues. We have a distinguished and varied group of Economists researching a variety of specialized fields, and we are training the next generation of Economic leaders at both the undergraduate and graduate levels.

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IMAGES

  1. thesis submitted by br ambedkar to london

    dr br ambedkar thesis london school of economics title

  2. BR Ambedkar in London: A thesis completed, a treaty concluded, a ‘bible

    dr br ambedkar thesis london school of economics title

  3. London School of Economics Celebrates 125th Year| Dr.B.R.Ambedkar At No.1 in List of Shape The World

    dr br ambedkar thesis london school of economics title

  4. 80. Dr. BR Ambedkar

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  5. London School of Economics Celebrates 125th Year| Dr.B.R.Ambedkar At No

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  6. London school of economics

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COMMENTS

  1. Ambedkar Research Scholars

    Dr B R Ambedkar is one of the most important alumnus of LSE, from where he was awarded his MA and PhD. His doctoral thesis on 'The Indian Rupee', written in 1922-23, was later published as The Problem of the Rupee: Its Origin and Its Solution (London: P S King & Son, Ltd, 1923).Ambedkar was a Social Reformer, Economist, Parliamentarian, Jurist, and the Principal Architect of the ...

  2. Ambedkar at LSE

    Dr B R Ambedkar first visited LSE in 1916, returned in 1921 and submitted his doctoral thesis in 1923. LSE Archivist Sue Donnelly investigates Dr B R Ambedkar's life at LSE.. In 1920 the economist Edwin R Seligman wrote from Columbia University to Professor Herbert Foxwell, teaching at LSE recommending a former student, Bhimrao Ramji (B R) Ambedkar, and asking Foxwell to help him in his ...

  3. Dr. B.R. Ambedkar's 1923 Thesis: The Problem of Rupee and Its Impact on

    Lucknow- What was the title of the thesis that Dr. B. R. Ambedkar submitted to the London School of Economics, for which he was awarded his doctorate in 1923?This might appear to be quite an easy question for most Ambedkarites, but Himani Bundela, a native of Jhansi, who breezed through the 15 questions of Kaun Banega Crorepati to win Rs 1 crore, couldn't answer this question and deprived ...

  4. BR Ambedkar in London: A thesis completed, a treaty concluded, a 'bible

    Ambedkar enrolled at Gray's Inn, and attended courses on geography, political ideas, social evolution and social theory at London School of Economics, at a course fee of £10.10s.

  5. Dr. Ambedkar and Columbia University: A Legacy to Celebrate

    Ambedkar would join the London School of Economics for a few years and submit a thesis there, but then, he would eventually come back to Columbia, to submit a Ph.D. thesis in Economics, in 1925 under the mentorship of his dear friend Prof. Seligman, entitled: The Evolution of Provincial Finance in British India: A Study in the Provincial ...

  6. Looking back at Ambedkar's student life as LSE releases archives

    10 Feb 2016, 5:07 am. UK's prestigious London School of Economics has released archival documents on Dr B R Ambedkar, one of its famous students and architect of the Indian Constitution, to mark ...

  7. The life and thought of Dr B R Ambedkar in London

    The life and thought of Dr B R Ambedkar in London. The editors and authors of the recently published book, Ambedkar in London, spoke at a book launch in front of an audience in LSE's Sheikh Zayed Theatre. LSE alumnus Dr Bhimrao R Ambedkar (1891-1956) was one of India's greatest intellectuals and social reformers; his political ideas ...

  8. "No More Worlds Here for Him to Conquer"

    Despite this BR Ambedkar registered for a master's degree and completed a PhD thesis on his second attempt to study at LSE. 2016 marks the 125 th anniversary of BR Ambedkar's birth in 1891 and the centenary of his first visit to LSE in 1916. Ambedkar was born into a family from a so-called "untouchable" caste.

  9. (PDF) Ambedkar's Educational Odyssey, 1913-1927

    Original Artic le. Ambedkar' s Educational. Odyssey, 1913-1927. J. Krishnamurty 1. Abstract. I have attempted to pr ovide an accurate timeline for Ambedkar' s incredible. educational ...

  10. PDF London School of Economics and Political Science

    Created Date: 11/3/2016 11:46:10 AM

  11. On Economics, Banking and Trades: A Critical Overview of Ambedkar's

    Janardan DasThe Problem of Rupee is 257-page long paper written by Dr. B. R. Ambedkar that he presented as his Doctoral thesis at the London School of Economics (LSE) in March 1923. In it, Ambedkar tried to explain the troubles that were associated with the national currency of India - the Rupee. He argued against the British ploy to keep the exchange rate too high to facilitate the trade of ...

  12. B. R. Ambedkar

    Ambedkar (In center line, first from right) with his professors and friends from the London School of Economics (1916-17) In October 1916, he enrolled for the Bar course at Gray's Inn, and at the same time enrolled at the London School of Economics where he started working on a doctoral thesis. In June 1917, he returned to India because his ...

  13. Archives released by LSE reveal BR Ambedkar's time as a scholar

    In economics, Ambedkar's tutors included Edwin Cannan and Foxwell. Ambedkar submitted his doctoral thesis, 'The Problem of the Rupee', in March 1923 but it was not recommended for acceptance.

  14. (PDF) Ambedkar's Economic Ideas & Contributions

    He was the first South Asian to have double d octorate degree in economics from London School of . ... We should note that this thesis was a ... "Dr. B.R.Ambedkar Theory of State Socialism ...

  15. Dr. B. R. Ambedkar's Contribution to Selected Economic and Social

    The thesis that Dr. B. R. Ambedkar presented to the London School of Economics, for which he was granted his doctorate in 1923, was titled "The Problem of the Rupee." Dr. BR Ambedkar, for example, expressed this view of inequality as a threat to efficiency when he claimed that "caste does not result in economic efficiency" among social ...

  16. Why publication of B.R. Ambedkar's thesis a century later will be

    The Dr Babasaheb Ambedkar Source Material Publication Committee of the Maharashtra government plans to publish the thesis that was written by Ambedkar as part of his MSc degree from the London School of Economics (LSE). The thesis, 'Provincial Decentralisation of Imperial Finance in British India', will be part of the 23rd volume of ...

  17. (PDF) DR. B.R Ambedkar

    Singariya M.R. (2013) Dr. B.R. Ambedkar: As an Economist, International Journal of Humanities and Social Science Invention ISSN (Online): 2319 - 7722 , ISSN (Print): 2319 - 7714

  18. From dream to reality: my unforgettable journey to the London School of

    Estimated reading time: 6 minutes. In April 2024, the India Observatory at LSE held a conference to mark the anniversary of Dr B R Ambedkar's PhD thesis, The Problem of the Rupee. Dr Ajay Arun Dhawale recounts his experience of travelling to London to attend and speak at the event. I have always cherished my dream of visiting the London ...

  19. ECON Home

    SEMINAR: MACROECONOMICS/INT'L FINANCE; Ricardo Reis, London School of Economics . SEMINAR: MACROECONOMICS/INT'L FINANCE; Ricardo Reis, London School of Economics ... 3114 Tydings Hall, 7343 Preinkert Dr., College Park, MD 20742 Main Office: 301-405-ECON (3266) ♦ Fax: 301-405-3542 ♦ Contact Us

  20. Economics

    The Economics Department offers two undergraduate degrees, one through the College of Arts & Sciences, and the other through the Leavey School of Business. Students have the option to choose a concentration in data analysis or mathematical economics. The department also provides foundational courses for the graduate programs.

  21. (PDF) Dr. B. R. Ambedkar's Contribution to Selected ...

    effort on my part to continue Dr. B. R. Ambedkar's important contributions to econo mics. Ambedkar's di stinguished ca reer began as an economist. H e rec eived a doctorate in economics from ...

  22. LibGuides: Engineering: Writing your Thesis or Capstone

    Enjoy Writing Your Science Thesis or Dissertation! by Elizabeth Fisher; Richard Thompson; Daniel Holtom. Call Number: CORE 2nd FLOOR T11 .H582 2014. Publication Date: 2014. Academic Writing for International Students of Science by Jane Bottomley. Call Number: ONLINE & T11 .B667 2015 2nd FLOOR CORE. Publication Date: 2014.

  23. Home

    Welcome to the UC Santa Barbara Department of Economics, one of the leading Economics Departments in the world. We are committed to shaping policy and informing the public on critical economic issues. We have a distinguished and varied group of Economists researching a variety of specialized fields, and we are training the next generation of ...