Economics of River Flows: Lessons from Dam Removals in America

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Hydropower dams are being removed in America while they are being built in India. Our experts calculate that immense benefits can be reaped from hydropower while American calculations show that hydropower is costly if economic costs of loss of fishing, recreation, biodiversity, etc. are taken into account. The use of rivers for these alternate activities generates welfare directly by improving the quality of life. It also generates large incomes from these alternate activities. They are removing dams because they reckon benefits from free flows of rivers to be larger than from generation of hydropower.

This book draws lesson from the American experience. It shows that proper economic analysis of dams being made in India will show that they perpetrate economic harm on the country.

This book is essential reading for economists, power sector officials, power generation companies and environmentalists alike.

ABOUT THE AUTHOR Bharat Jhunjhunwala

Bharat Jhunjhunwala was born in family having interests in sugar, paper and electronic industries. He acquired his Doctoral Degree in economics from University of Florida at the age of 23. He joined Institute of Management, Bangalore as an Assistant Professor. While teaching he lived in a slum for two years to understand the meaning of poverty directly. He organized the trade union at IIM during the Emergency. He has undertaken extensive studies of economic Thought of ancient India. His published books include Varna Vyavastha: Governance through Caste System, Welfare State and Globalization: A Critique of Amartya Sen and Governance and Human Rights (edited) and Indian approach to Womenâ€™s Empowerment. He writes on weekly column on Political economy which is published in about 40 papers in ten languages in India.