Babasaheb Ambedkar: Unfortunately not much is said or written about Babasaheb Ambedkar's contribution to economics.
The fact that Babasaheb Ambedkar was a world-class distinguished economist has been forgotten by many. Today when we constantly talk about the value of the Rupee and Dollar.
Talks on the import-export, trade deficit. The rupee depreciates against the dollar. When Dr Ambedkar's economic work is very contemporary.
The importance of their work and knowledge is just as important today.
Rupee question and its answers
Today we are constantly talking about the global economy, its impact on the indian economy, import-export policy, credit policy, RBI policy, the value of the rupee against the dollar.
Concerns were always raised about these issues. In particular, the place of the indian rupee in the world and its impact on the indian economy is always discussed.
But who is the first economist in the world to speak on the question of the rupee? This was Babasaheb Ambedkar. His book on the subject is still a world-renowned book on the subject and its reflections, the solutions he suggested are still applicable today.
The book is called The Problem of Rupee: Its Origin and Its Solution.
Arranged internationally
When discussing the question of the rupee, consider gold as the standard and design of currency based on that. He raised serious issues with the issue of gold and the appropriation of gold.
He made these points to the Hilton Young Commission. These issues and analyses were also taken into consideration while establishing the Reserve bank of India.
While scientifically formulating and analyzing his points, Dr Ambedkar had also opposed the theories of john Keynes, a world-renowned economist of the time, and had justified them.
The economic crisis was created by the british economy against the rupee and alternatively India. Ambedkar had done this in his great book.
The greatness of this economist lies in the fact that even today that analysis applies to the questions facing the rupee.
