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K. N. Raj or Kakkadan Nandanath Raj is the economist who played an important role in India's planned development, drafting sections of India's first Five Year Plan, specifically the introductory chapter. The Economy of India is based in part on planning through its Five-year plans, developed executed and monitored by the Planning Commission. Raj was then merely 26 years old.

Raj moved to Delhi University, where he was Professor of Economics and also Vice-Chancellor (from October 1969 to December 1970), spending a total of 18 years there. The University of Delhi (DU is a central university located at Delhi, India and is funded by Government of India. During that time, he was instrumental in setting up the Delhi School of Economics (DSE). Delhi School of Economics, started in 1949, is a conglomerate of three departments under the Faculty of Social Sciences at the University of Delhi.

After returning to Kerala from Delhi in 1971, Raj set up the [Centre for Development Studies (CDS)][1] at Thiruvananthapuram, an institution that soon acquired an international reputation for applied economics and social science research. Kerala ( Malayalam: {{Kerala in Malayalam}}; Delhi (दिल्ली ਦਿੱਲੀ دلی d̪ɪlːiː sometimes referred to as Dilli) is the second largest metropolis of India, with a population Thiruvananthapuram ( Malayalam: തിരുവനന്തപുരം Tiruvanantapuraṁ) also known as Trivandrum, is the capital of the The work that Raj and his colleagues did for the United Nations in the early days of the CDS, and published in 1976, helped shape the contours of what later came to be called the "Kerala model" of development - the co-existence of low per capita income and very high physical quality of life indicators. The United Nations ( UN) is an International organization whose stated aims are to facilitate cooperation in International law, International security The Kerala model refers to a set of Economic practices developed in India's state of Kerala.

Raj once wrote philosophically: "I think that most of the things that welfare economists talk about are those that are obvious to all of us, especially the common people. In fact, even a pure philosopher and religious thinker like Sree Narayana Guru, who achieved a social transformation in Kerala, spoke about the very same things that welfare economists speak about today: education, health care facilities, even small-scale industries. Nārāyana Guru (नारायण गुरुനാരായണ ഗുരു (1855 - 1928 also known as Sree Nārāyana Guru Swami was a Saint, . . Many people like me practised welfare economics without knowing that it was welfare economics, because we were anxious that economics should help the poor. Welfare economics is a branch of Economics that uses microeconomic techniques to simultaneously determine Allocative efficiency within an economy and the But people who take economic theory literally would say that this is not our problem. "

He was awarded Padma Vibhushan award in 2000. The Padma Vibhushan is India 's second highest civilian honour

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