The Great Indian Socialist Darkness Party?

M Govinda Rao has article in BS on “Raja Chelliah: Father of India's tax reforms”. 

As for as I know about Raja Chelliah economics is full of mathematics and econometrics models which the Madras School of Economics produces now. 

He is also one of old socialist group of economists in India. Though in his later life he changed his mind and moved advocating some liberal ideas like tax reform, for instance. 

Where were theses economists when Professor B R Shenoy echoed The Great Indian Socialist Darkness Party?

One of my Hero of economists ever lived in the world and in India was Professor B R Shenoy

Ashok V Desai who is no less senior living economist in India. He wrote a article in the Business Standard in 12 August, 1997 which I consider to be a biggest rubbish except or some of the following lines which I think worthwhile to remember a man of his age, great free market economist Professor B R Shenoy who lived not just an great human being but questioned the intellectuals of his counterpart mostly socialist babus. Anyway thanks to Desai for making me aware of his follies… 

• “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”.
  

B.R. Shenoy: stature and impact

Bauer, Peter Bauer had written this great work and published by Cato Institute Journal in 1998

B.R. Shenoy: stature and impact

Article Abstract:

Indian economist B.R. Shenoy gained his greatest distinction from his paper 'Note of Dissent' and the book 'Problems of Indian Economic Development. The former was attached to Second Five Year Economic Plan submitted to Prime Minister Jawaharlal Nehru in 1956. It demonstrated the extent of his moral courage in that he dared to declare a dissenting view on the traditional Western economic perceptions and beliefs held by Nehru at the height of the latter's powers. He pointed out the weakness of an economic forecast that bases its growth on the productivity of people living on subsistence levels.

A Humane Tribute to Sudha Shenoy (1943-2008) by Chandra

I first heard Sudha Shenoy quickly after I attended the first ever (as of now) Austrian Economics Seminar in India in 2005 nicely organized by Centre for Civil Society, is a Delhi based Free Market think tank.

It was the 2003 such one enthusiastic but Sudha Shenoy interview led me to read more about her other writings.

I have also written a brief biography of her fascinated father and the true Indian economist Professor B R Shenoy which I will upload shortly.

There is also humane brief bio of Sudha Shenoy which has some more interesting information. Some of you may be interested to know!

All I can say is that the world has lost one of our true liberal economists but often my likeminded distinguished economists tell their ideas never get loss its value from this world.

Sudha Shenoy’s last writing is here, but not doubts it is quite readable in fact it is worth to note the following lines.

"Technology is widely seen as the key to development. But this does not explain how a single innovative machine multiplies itself. An alternative tack: Menger’s analysis of investment chains. Begin with first-order (consumer) goods and examine the second, third-, and other successively higher-order goods required......".

The Prof B R Shenoy's interesting two books later edited and bublished.

The above books also available here and here