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Governance Institutions and Development


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Governance Institutions and Development

... Governance Institutions and Development I greatly appreciate the honor of being invited to deliver the Brahmananda Memorial Lecture. I share the immense admiration and respect you all have for his scholarship, his teaching, and his untiring service for the economics profession and the country. It is indeed a privilege to give a talk in his memory. And it is a special pleasure to follow my long-standing friend Lord Desai, who gave the inaugural lecture in this series. But I must admit that, unlike Meghnad, my knowledge of P. R. Brahmananda and his work is indirect. During my college days in Mumbai my subjects were mathematics and physics, so I did not have the benefit of Professor Brahmananda's teaching. Some of my work on dual economies connected with his long line of work on wage goods, but my approach was quite different. Let me begin with some memories of the time I

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