Ashok V Desai who is no less senior living economist in
- “Returning to a legal definition of an Indian, the first patriot must be B R Shenoy. In my youth, Shenoy was a strident critic of policies; mainstream Indian economists treated him as an untouchable, and I must say that I myself took no serious interest in him then. But anyone who reads him today must see how right he was, for instance about inflation, controls, corruption, gold smuggling, planning or unemployment; everyone is experiencing it and saying it today. To be right is an achievement in itself, but to be right against the combined weight of establishment opinion, and to keep hammering at the truth regardless of consequences was foolhardiness of the highest order: that was patriotism”.
- “Jagdish Bhagwati is as affable as Bellicoth R J Shenoy was belligerent; but he is the next one on my list”.