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What laws determine progress? An Indian contribution to the idea of progress based on Mahadev Govind Ranade's works, 1870–1901

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  • Maria Bach

Abstract

By the late nineteenth century, the school of “Indian Political Economy” was founded to understand India's extreme poverty and deindustrialisation. This paper examines how Mahadev Govind Ranade (the school's founder) conceptualised progress by tracing its origins and evaluating how it was formulated to reconcile theory with India's political and socio-economic reality. Ranade identified specific Indian determinants of progress: the centrifugal nature of Indian politics; the dependence of a colonial economy; and its refutable role within the international division of labour theory.

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  • Maria Bach, 2018. "What laws determine progress? An Indian contribution to the idea of progress based on Mahadev Govind Ranade's works, 1870–1901," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 25(2), pages 327-356, March.
    • Handle: RePEc:taf:eujhet:v:25:y:2018:i:2:p:327-356
    DOI: 10.1080/09672567.2018.1435704
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    Cited by:

    1. Bach, Maria, 2020. "Journal of the History of Economic Thought Preprints – A Win-Win Model of Development: How Indian Economics Redefined Universal Development from and at the Margins," OSF Preprints gk8pw, Center for Open Science.
    2. Bach, Maria, 2024. "Review of “Inventing the Third World: In Search of Freedom for the Postwar Global South” edited by Jeremy Adelman and Gyan Prakash," SocArXiv eybwm, Center for Open Science.

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