“Economics: A Primer for India is tailor-made for foundation courses in undergraduate programmes. Its pedagogic standpoint is based on two convictions. First, a foundation course need not invoke formal economic theory which is a contested terrain, especially at the present time. Second, such a course should be grounded on the empirical reality of the economy in which students live.

Through an intuitive approach that combines concepts with history, accounting and data, the primer allows the reader to discover economic processes and institutions. The economic structure of society as three inter-dependent systems, namely production, markets and money, is brought to relief. The process of economic growth as change in this structure will then be evident, as also the critical role of policy in guiding growth. Basic concepts and measures are explained with data from original sources.

Three chapters (Chapters 6, 7 & 8) are pitched at a higher level and can be useful supplements to courses in Indian economy. Its grounding in Indian reality will make the primer appeal to a broad cross-section of readers, including students of other disciplines, media persons, people’s representatives and anyone curious about economy.”

[Source: Orient Blackswan]