B R Shenoy


Professor Bellikoth Ragunath Shenoy (1905–1978) was a classical liberal economist. Born on June 3, 1905, near Mangalore, Karnataka, he was educated at the Benares Hindu University (where he secured a first-class first at the MA Economics Exam in 1929) and later at the London School of Economics (LSE). As a student, he actively participated in the freedom struggle and was jailed at Nagpur. At LSE, he was inspired by the ideas of Professor Friedrich Hayek who later won the Nobel Prize in Economics. 

During his LSE stint, two of his papers, "An Equation for the Price Level of New Investment Goods" (1931) and "Interdependence of Price Levels" (1933) appeared in the Quarterly Journal of Economics which established him as an upcoming monetary economist. He was perhaps the first Indian economist to have a paper published in a leading scholarly journal.

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

Books
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PL480 and Indias Food Problem (1974)
Planned Progress or Planned Chaos? (East West Books, 1996)
The Post-War Depression: The Way Out (Kitabistan, 1944)
Ceylon, Currency and Banking (1941)
The Sterling Assets of the Reserve Bank of India (1953)
Problems of Indian Economic Development (1956)
The Indian Economic Scene: Some Aspects (1957)
Economic Prophecies
Other Writings
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A Note of Dissent on the Memorandum of the Panel of Economists
Economic Situation and Trends in Ceylon - A Programme of Reform
Edited
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Theoretical Vision, edited by R K Amin & Parth J Shah (Centre for Civil Society, 2004)
Liberalism and Less Developed Countries: Essay in Memory of Professor Bellikoth Raghunath Shenoy (Gujarat University, 1982)
Some Basic Economic Ideas of Prof. B R Shenoy (Economic Research Center, 1998)
Research Articles
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An Equation for the Price Level of New Investment Goods (Quarterly Journal of Economics, 1931)
Interdependence of Price Levels (Quarterly Journal of Economics, 1933)
Correspondences
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Shenoy-Hayek Correspondences (Set I, Hoover Institution Archives)
Shenoy-Hayek Correspondences (Set II, Hoover Institution Archives)
Mentions Published On
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The Indian Libertarian
Volume : 5 ;Issue: 18
1  December 1957
The Indian Libertarian
Volume : 5 ;Issue: 15
1  October 1957
The Indian Libertarian
Volume : 5 ;Issue: 18
1  December 1957
The Indian Libertarian
Volume : 5 ;Issue: 18
1  December 1957
The Indian Libertarian
Volume : 5 ;Issue: 18
1  December 1957