This book contains a number of papers, mostly in the field of public finance, written by Professor Nanjundappa during the years 1961-1968. Except for two articles on ‘Wages, Prices and Employment’ and ‘Restrictive Trade Practices and Public Policy’, the articles included in the volume deal with questions in public economics ranging from incidence theory to problems of federal finance in India.
When one opens a volume like this with an impressive array of contributors, one does so with a certain expectation. But this volume disappoints totally. B.R. Nanda’s introductory article sets a tone for the rest of the book. It is an uninspired piece of writing and only summarizes what the other eleven articles have to say.
The stubborn facts of history and politics are often hidden from the public gaze. Jawaharlal Nehru lifted the curtain a little on this in one of his statements, ‘ … It is very well to talk about foreign policy. But you will appreciate that no person charged with a country’s foreign policy can really say very much about it.
The Indian family has always been a subject of great fascination for sociologists and social anthropologists. This fascination owes itself to the emphasis placed in the Indian tradition upon joint family living and the central place accorded to the domestic unit in ritual and religious activities.
South Asia is quite unfortunate when it comes to energy resources. It is home to about one-fifth of the global population, yet it has less than one percent of global oil and gas reserves. Its endowment is slightly better for coal and hydropower resources, but still they are less than 10 per cent.