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The Problem of the Rupee: Its Origin and Its Solution: History of Indian Currency & Banking
This book raises "Currency question" in British India, which led to the Creation of Reserve Bank of India.
One of the best book on economics by the "Father of Economics of India".
Now Available on Amazon Kindle.
PREFACE TO THE SECOND IMPRESSION
THE PROBLEM OF THE RUPEE was first published in 1923. Ever since its publication it has had a great demand : so great that within a year or two the book went out of print. The demand for the book has continued, but unfortunately I could not bring out a second edition of the book for the reason that my change-over from economics to law and politics left me no time to undertake such a task. I have, therefore, devised another plan : it is to bring out an up-to-date edition of the History of Indian Currency and Banking in two volumes, of which The Problem of the Rupee forms volume one. Volume two will contain the History of Indian Currency and Banking from 1923 onwards. What is therefore issued to the public now is a mere reprint of The Problem of the Rupee under a different name. I am glad to say that some of my friends who are engaged in the field of teaching economics have assured me that nothing has been said or written since 1923 in the field of Indian Currency which calls for any alteration in the text of The Problem of the Rupee as it stood in 1923. I hope this reprint will satisfy the public partially if not wholly. I can give them an assurance that they will not have to wait long for volume two. I am determined to bring it out with the least possible delay.
B. R. AMBEDKAR
Rajagraha,
Bombay,
7-5-1947.
One of the best book on economics by the "Father of Economics of India".
Now Available on Amazon Kindle.
PREFACE TO THE SECOND IMPRESSION
THE PROBLEM OF THE RUPEE was first published in 1923. Ever since its publication it has had a great demand : so great that within a year or two the book went out of print. The demand for the book has continued, but unfortunately I could not bring out a second edition of the book for the reason that my change-over from economics to law and politics left me no time to undertake such a task. I have, therefore, devised another plan : it is to bring out an up-to-date edition of the History of Indian Currency and Banking in two volumes, of which The Problem of the Rupee forms volume one. Volume two will contain the History of Indian Currency and Banking from 1923 onwards. What is therefore issued to the public now is a mere reprint of The Problem of the Rupee under a different name. I am glad to say that some of my friends who are engaged in the field of teaching economics have assured me that nothing has been said or written since 1923 in the field of Indian Currency which calls for any alteration in the text of The Problem of the Rupee as it stood in 1923. I hope this reprint will satisfy the public partially if not wholly. I can give them an assurance that they will not have to wait long for volume two. I am determined to bring it out with the least possible delay.
B. R. AMBEDKAR
Rajagraha,
Bombay,
7-5-1947.
312 pages, Kindle Edition
First published January 1, 1923
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2649 people want to read
About the author
B.R. Ambedkar
297 books1,093 followersBhimrao Ramji Ambedkar was born in 1891 into an “Untouchable” family of modest means. One of India’s most radical thinkers, he transformed the social and political landscape in the struggle against British colonialism. He was a prolific writer who oversaw the drafting of the Indian Constitution and served as India’s first Law Minister. In 1935, he publicly declared that though he was born a Hindu, he would not die as one. Ambedkar eventually embraced Buddhism, a few months before his death in 1956.
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Displaying 1 - 10 of 10 reviews
April 30, 2021
Gold is a kind of metal, the gold standard came to be transformed into a gold exchange standard which distinguishes the value of the recognized currency liquidity of their country.
As Dr. Ambedkar said, “overlooked by Professor Keynes, that nothing will stabilize the rupee unless we stabilize its general purchasing power.”
The interesting part of the forward was phrased by Prof. Edwin Cannan of Mr. Ambedkar’s hostility to the system, nor accept most of his arguments against it and its advocates. But he hits some nails very squarely on the head, and even when I have thought him quite wrong, I have found a stimulating freshness in his views and reasons. An old teacher like myself learns to tolerate the vagaries of originality, even when they resist “ severe examination ” such as that of which Mr. Ambedkar speaks.
The paradox of the principal units of currency (rupee value) is different weight Troy Grs. Issued by the government of India in three presidencies Bombay, Madras, and Bengal within the country. The author reflects about the bimetallism market ratio rating involved an under-valuation of the pagoda and he said that their choice of monometallism was ill-advised, for it must be admitted that a single standard better guarantees this fixity than does not a double standard.
The work of this book by the author Ambedkar for both competes economists and students. The currency analysis of and the problem addressed here is scientific and the problem faced in the Indian economy and the British government kept the overvalued exchange rates to sell their finishing goods in the Indian market for a high price by grabbing the raw materials from India by the British administration.
Feel, think, and rethink the skill of the author Dr. Ambedkar of course it is difficult to understand how the remedy of the high exchange rate which the author supported was calculated to achieve the objective. It could only change the base from which to measure prices. Consider the exchange standard from the standpoint of prices to adopt the phraseology of Prof. Fisher the pipe connection between the money reservoir and the silver bullion reservoir to have the rupee in circulation.
The doctoring of the purchasing power parties as an explanation of actual exchange rates of the rupee value was maintained it is because gold prices and rupee prices were equal. So, the author says for the fact that the gold standard reserve was seldom depleted that the general prices inside India were on the same level as those ruling outside India.
In my conclusion that this book was written by the great scholar, Dr. BR Ambedkar for the noble purpose of economic revolution particularly in currency issues addressed and pointed out many exits overcome points. I sincerely urge all the readers to read at least few chapters of this book to understand the practical problem of currency.
As Dr. Ambedkar said, “overlooked by Professor Keynes, that nothing will stabilize the rupee unless we stabilize its general purchasing power.”
The interesting part of the forward was phrased by Prof. Edwin Cannan of Mr. Ambedkar’s hostility to the system, nor accept most of his arguments against it and its advocates. But he hits some nails very squarely on the head, and even when I have thought him quite wrong, I have found a stimulating freshness in his views and reasons. An old teacher like myself learns to tolerate the vagaries of originality, even when they resist “ severe examination ” such as that of which Mr. Ambedkar speaks.
The paradox of the principal units of currency (rupee value) is different weight Troy Grs. Issued by the government of India in three presidencies Bombay, Madras, and Bengal within the country. The author reflects about the bimetallism market ratio rating involved an under-valuation of the pagoda and he said that their choice of monometallism was ill-advised, for it must be admitted that a single standard better guarantees this fixity than does not a double standard.
The work of this book by the author Ambedkar for both competes economists and students. The currency analysis of and the problem addressed here is scientific and the problem faced in the Indian economy and the British government kept the overvalued exchange rates to sell their finishing goods in the Indian market for a high price by grabbing the raw materials from India by the British administration.
Feel, think, and rethink the skill of the author Dr. Ambedkar of course it is difficult to understand how the remedy of the high exchange rate which the author supported was calculated to achieve the objective. It could only change the base from which to measure prices. Consider the exchange standard from the standpoint of prices to adopt the phraseology of Prof. Fisher the pipe connection between the money reservoir and the silver bullion reservoir to have the rupee in circulation.
The doctoring of the purchasing power parties as an explanation of actual exchange rates of the rupee value was maintained it is because gold prices and rupee prices were equal. So, the author says for the fact that the gold standard reserve was seldom depleted that the general prices inside India were on the same level as those ruling outside India.
In my conclusion that this book was written by the great scholar, Dr. BR Ambedkar for the noble purpose of economic revolution particularly in currency issues addressed and pointed out many exits overcome points. I sincerely urge all the readers to read at least few chapters of this book to understand the practical problem of currency.
October 16, 2022
He is regarded as Father of Economics of India . This book created currency question during British India which paved the way to create Reserve Bank of India . Undoubtedly he was a great scholar who studied in Columbia University and London school of Economics and earned PhD degrees during that time . But the people of INDIA couldn't recognize him . He wrote many books but the people of INDIA are not interested to read his books BECAUSE he was born in a Scheduled Caste Family . This is the truth .
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November 17, 2016dfd
August 17, 2019
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May 11, 2020
A Light bark to the Indian Economy in the unexpected Situation like global calamity.
This entire review has been hidden because of spoilers.
September 13, 2023
It's most important book for all students overall India
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November 9, 2016I need information
November 24, 2016
Best book ever
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April 4, 2018interesting
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May 2, 2019book reder
Displaying 1 - 10 of 10 reviews