Dr Ambedkar believed that unfettered capitalism could turn into a force of oppression and exploitation.” Evaluate this argument
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Photo: Hindustan Times<br />
Photo: Hindustan Times
The economics of Ambedkar
12 min read . 09 Apr 2016
Pramit Bhattacharya
It is impossible to reduce Ambedkar's economics to any one doctrine or ideology
After long years of neglect, the ideas of B.R. Ambedkar seem to be gaining currency. While his thoughts on Indian society and politics have garnered more attention, some of his economic ideas too deserve greater attention.
Known largely as the father of the Indian Constitution and a leader of Dalits, Ambedkar began his career as an economist, making important contributions to the major economic debates of the day. He was, in fact, among the best educated economists of his generation in India, having earned a doctorate in economics from Columbia University in the US and another from the London School of Economics.