ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Haavelmo and Development Economics

Sukhpal Singh Vinod Vyasulu It is a sign of the over-emphasis on Anglo-Saxon, and in particular US, work in economics that the fundamental contributions of Trygve Haavelmo, this year's winner of the Nobel Prize for economics, are not widely known in this country WHEN in October this year the announcement came from Stockholm that the Nobel Prize for Economics had been awarded to Trygve Haavelmo, it was greeted in many Indian academic institutions with stunned silence. In the weeks following the award, many Indian students of economics were totally dependent upon the brief reviews in the economic newspapers for an appreciation of this economist's contribution to their discipline. There was also a certain surprise in the fact that these contributions with which they were not familiar were made 30 or 40 years ago.

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