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The Problem of the Rupee
Economics
Kindle Edition
First published January 1, 1923
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2513 people want to read
About the author
B.R. Ambedkar
279Ìýbooks1,063ÌýfollowersBhimrao Ramji Ambedkar was born in 1891 into an “Untouchableâ€� family of modest means. One of India’s most radical thinkers, he transformed the social and political landscape in the struggle against British colonialism. He was a prolific writer who oversaw the drafting of the Indian Constitution and served as India’s first Law Minister. In 1935, he publicly declared that though he was born a Hindu, he would not die as one. Ambedkar eventually embraced Buddhism, a few months before his death in 1956.
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Displaying 1 - 10 of 10 reviews
April 30, 2021
Gold is a kind of metal, the gold standard came to be transformed into a gold exchange standard which distinguishes the value of the recognized currency liquidity of their country.
As Dr. Ambedkar said, “overlooked by Professor Keynes, that nothing will stabilize the rupee unless we stabilize its general purchasing power.�
The interesting part of the forward was phrased by Prof. Edwin Cannan of Mr. Ambedkar’s hostility to the system, nor accept most of his arguments against it and its advocates. But he hits some nails very squarely on the head, and even when I have thought him quite wrong, I have found a stimulating freshness in his views and reasons. An old teacher like myself learns to tolerate the vagaries of originality, even when they resist � severe examination � such as that of which Mr. Ambedkar speaks.
The paradox of the principal units of currency (rupee value) is different weight Troy Grs. Issued by the government of India in three presidencies Bombay, Madras, and Bengal within the country. The author reflects about the bimetallism market ratio rating involved an under-valuation of the pagoda and he said that their choice of monometallism was ill-advised, for it must be admitted that a single standard better guarantees this fixity than does not a double standard.
The work of this book by the author Ambedkar for both competes economists and students. The currency analysis of and the problem addressed here is scientific and the problem faced in the Indian economy and the British government kept the overvalued exchange rates to sell their finishing goods in the Indian market for a high price by grabbing the raw materials from India by the British administration.
Feel, think, and rethink the skill of the author Dr. Ambedkar of course it is difficult to understand how the remedy of the high exchange rate which the author supported was calculated to achieve the objective. It could only change the base from which to measure prices. Consider the exchange standard from the standpoint of prices to adopt the phraseology of Prof. Fisher the pipe connection between the money reservoir and the silver bullion reservoir to have the rupee in circulation.
The doctoring of the purchasing power parties as an explanation of actual exchange rates of the rupee value was maintained it is because gold prices and rupee prices were equal. So, the author says for the fact that the gold standard reserve was seldom depleted that the general prices inside India were on the same level as those ruling outside India.
In my conclusion that this book was written by the great scholar, Dr. BR Ambedkar for the noble purpose of economic revolution particularly in currency issues addressed and pointed out many exits overcome points. I sincerely urge all the readers to read at least few chapters of this book to understand the practical problem of currency.
As Dr. Ambedkar said, “overlooked by Professor Keynes, that nothing will stabilize the rupee unless we stabilize its general purchasing power.�
The interesting part of the forward was phrased by Prof. Edwin Cannan of Mr. Ambedkar’s hostility to the system, nor accept most of his arguments against it and its advocates. But he hits some nails very squarely on the head, and even when I have thought him quite wrong, I have found a stimulating freshness in his views and reasons. An old teacher like myself learns to tolerate the vagaries of originality, even when they resist � severe examination � such as that of which Mr. Ambedkar speaks.
The paradox of the principal units of currency (rupee value) is different weight Troy Grs. Issued by the government of India in three presidencies Bombay, Madras, and Bengal within the country. The author reflects about the bimetallism market ratio rating involved an under-valuation of the pagoda and he said that their choice of monometallism was ill-advised, for it must be admitted that a single standard better guarantees this fixity than does not a double standard.
The work of this book by the author Ambedkar for both competes economists and students. The currency analysis of and the problem addressed here is scientific and the problem faced in the Indian economy and the British government kept the overvalued exchange rates to sell their finishing goods in the Indian market for a high price by grabbing the raw materials from India by the British administration.
Feel, think, and rethink the skill of the author Dr. Ambedkar of course it is difficult to understand how the remedy of the high exchange rate which the author supported was calculated to achieve the objective. It could only change the base from which to measure prices. Consider the exchange standard from the standpoint of prices to adopt the phraseology of Prof. Fisher the pipe connection between the money reservoir and the silver bullion reservoir to have the rupee in circulation.
The doctoring of the purchasing power parties as an explanation of actual exchange rates of the rupee value was maintained it is because gold prices and rupee prices were equal. So, the author says for the fact that the gold standard reserve was seldom depleted that the general prices inside India were on the same level as those ruling outside India.
In my conclusion that this book was written by the great scholar, Dr. BR Ambedkar for the noble purpose of economic revolution particularly in currency issues addressed and pointed out many exits overcome points. I sincerely urge all the readers to read at least few chapters of this book to understand the practical problem of currency.
October 16, 2022
He is regarded as Father of Economics of India . This book created currency question during British India which paved the way to create Reserve Bank of India . Undoubtedly he was a great scholar who studied in Columbia University and London school of Economics and earned PhD degrees during that time . But the people of INDIA couldn't recognize him . He wrote many books but the people of INDIA are not interested to read his books BECAUSE he was born in a Scheduled Caste Family . This is the truth .
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November 17, 2016dfd
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May 11, 2020
A Light bark to the Indian Economy in the unexpected Situation like global calamity.
This entire review has been hidden because of spoilers.
September 13, 2023
It's most important book for all students overall India
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November 9, 2016I need information
November 24, 2016
Best book ever
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April 4, 2018interesting
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