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

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Pradhan H Prasad

Pradhan H Prasad

When I learnt of the demise of my friend Pradhan H Prasad last Monday, I was shocked. It took some days for me to recover. Over 10 years my senior in age, Pradhan, as I always called him, was a gentle and sincere friend who, even when he disagreed with me on many subjects, never showed resentment or disrespect or disgust and was, on the other hand, willing to go an extra mile to nurture our friendship of over 35 years.

It was sometime in 1965 through a very queer incident that we had come to know each other and from then on our friendship grew. The incident was my fairly long review of Amiya Kumar Dasgupta's collection of writings (Planning and Economic Growth) for the Indian Economic Journal that made him reflect over the determination of the wage rate and the problem of growth and employment. Dasgupta was my most revered teacher at Banaras Hindu University in the 1950s and was then a most respected senior colleague of Pradhan at the A N Sinha Institute at Patna. Subsequently, he and I interacted on incomes policy and when I spoke on this theme at a seminar of the Department of Economics, University of Bombay, in the second half of the 1960s, much under the influence of the thoughts of Pradhan, I knew that I lost the respect of a number of my colleagues at the university. Later when Pradhan wrote his theoretical monograph, Growth with Full Employment in 1970, he sent it to me to review as fairly as possible. I did it for Commerce and thought that I would lose a good friend once for all. For I was not at all sure that Pradhan's wagecost-efficiency equilibrium would hold good for an understanding of mass unemployment in India, even though he did not oppose the capital shortage theory.

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