Economic Prophecies

B R SHENOY, born in village Ballicoth near Mangalore, he had a brilliant academic record, topping his Master's batch in the faculty of arts at Benares Hindu University. After completing his M Sc (Economics) from the London School of economics, he taught at Poona, Ahmedabad, Kollagur and Colombo. He then worked with the Ceylon government as Commissioner of Currency, and Commissioner of currency, and Economic Adviser, Department of Commerce and Industry. In 1954, he became a professor at Gujarat University. This was also the year when, as a member of the panel of economists advising the government, he wrote his famous one-man Minute of Dissent to the Second Five-Year Plan proposal. For the rest of his life, he wrote prolifically in newspapers and journals advocating a free market, and lecturing at academic and industry forums.