The Problem of the Rupee, Its Origin and Its Solution
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About this book
Indian currency from 1800 to the reforms of 1893, and the gold exchange standard that followed, is the ground Ambedkar covers here. He argues that this standard was not the one the Government of India first had in mind, and he disagrees with Keynes's defence of it, holding that the rupee can only be steadied by steadying its general purchasing power. His own remedy is an inconvertible rupee with a fixed limit of issue, rather than convertibility into gold. The book came out in London in 1923, when he had taught political economy at Sydenham College, Bombay.
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Book facts
- Author
- B. R. Ambedkar
- Reading time
- About 7 hours
- Pages
- 240
- Language
- English
- Genre
- History
- Formats
- PDF, EPUB, Read online