About: Bellikoth Raghunath Shenoy

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Bellikoth Ragunath Shenoy (1905–1978) was an Indian classical liberal economist. He was a highly influential advocate of classical liberalism in India and was President of the Indian Economic Association and a member of the Mont Pelerin Society. In 1955, Shenoy was appointed to the Panel of Economists who were to appraise Nehru's ambitious Second Five-Year Plan, the one that aimed at "heavy industrialisation". He was the only one to submit a "Note of Dissent." His daughter was Dr. Sudha Shenoy, Ph.D. who too was a trained economist in the mould of classical liberalism.

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rdf:type	Thing foaf:Person person dul:NaturalPerson Eukaryote Person Human Animal animal economist eukaryote species schema:Person yago:WikicatPeopleFromMangalore Economist yago:CausalAgent100007347 yago:Economist110043643 yago:LivingThing100004258 yago:Object100002684 yago:Organism100004475 yago:Person100007846 yago:PhysicalEntity100001930 yago:WikicatIndianEconomists yago:YagoLegalActor yago:YagoLegalActorGeo yago:Scientist110560637 yago:SocialScientist110619642 yago:Whole100003553
rdfs:label	Bellikoth Raghunath Shenoy (en)
rdfs:comment	Bellikoth Ragunath Shenoy (1905–1978) was an Indian classical liberal economist. He was a highly influential advocate of classical liberalism in India and was President of the Indian Economic Association and a member of the Mont Pelerin Society. In 1955, Shenoy was appointed to the Panel of Economists who were to appraise Nehru's ambitious Second Five-Year Plan, the one that aimed at "heavy industrialisation". He was the only one to submit a "Note of Dissent." His daughter was Dr. Sudha Shenoy, Ph.D. who too was a trained economist in the mould of classical liberalism. (en)
foaf:name	Professor Bellikoth Shenoy (en)
name	Professor Bellikoth Shenoy (en)
death date	1978-02-08 (xsd:date)
birth date	1905-06-03 (xsd:date)
dcterms:subject	Gujarat University faculty Scholars from Mangalore 1978 deaths 1905 births 20th-century Indian economists Alumni of the London School of Economics Mangaloreans
Wikipage page ID	18977449 (xsd:integer)
Wikipage revision ID	1084640796 (xsd:integer)
Link from a Wikipage to another Wikipage	Gujarat University faculty Benares Hindu University Scholars from Mangalore Reserve Bank of India University of Ceylon 1978 deaths Friedrich Hayek Mont Pelerin Society Nagpur London School of Economics Madan Mohan Malaviya Mangalore 1905 births 20th-century Indian economists Alumni of the London School of Economics Mangaloreans British India Classical liberal Gujarat University International Monetary Fund Economist Classical liberalism India Indian independence movement Nehru World Bank Madras Presidency
Link from a Wikipage to an external page	http://www.ccsindia.org/ccsindia/people_brs_shenoy.htm%7Ctitle=''Biographical http://www.cobdencentre.org/2011/11/20-years-since-indias-economic-reforms/ https://web.archive.org/web/20071021180101/http:/www.ccsindia.org/ccsindia/people_brs_shenoy.htm%7Carchivedate=21
sameAs	Bellikoth Raghunath Shenoy Bellikoth Raghunath Shenoy Bellikoth Raghunath Shenoy Bellikoth Raghunath Shenoy Bellikoth Raghunath Shenoy Bellikoth Raghunath Shenoy Bellikoth Raghunath Shenoy Bellikoth Raghunath Shenoy
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birth date	1905-06-03 (xsd:date)
death date	1978-02-08 (xsd:date)
nationality	Indian (en)
school tradition	liberalism (en)
has abstract	Bellikoth Ragunath Shenoy (1905–1978) was an Indian classical liberal economist. He was a highly influential advocate of classical liberalism in India and was President of the Indian Economic Association and a member of the Mont Pelerin Society. Shenoy was born near Mangalore, Madras Presidency in British India. His forefathers were from Bellikoth village, near present day Ajanur in Kasargod district. He studied economics at Benares Hindu University and later at the London School of Economics where he was highly influenced by Friedrich Hayek. In particular, he heard Hayek deliver the lectures in January 1931 that became "Prices and Production," and that began the process of his adherence to the Austrian approach to economic theory and policy. In 1931 Shenoy became the first Indian economist to have a paper published in a leading scholarly journal. As a student, Shenoy participated in the Indian independence movement and was jailed at Nagpur where he was influenced by Madan Mohan Malaviya Shenoy taught at Wadia College (Pune), the University of Ceylon, Gujarat University and the London School of Economics. He also worked at the Ceylon Commission on Currency, the Ceylon Department of Commerce, the Reserve Bank of India, the International Monetary Fund and the World Bank. After leaving academia, Shenoy founded the Economic Research Centre in Delhi which advocated the ideas of classical liberalism. Dr. Shenoy's work on the "Sterling balances of Reserve Bank of India", written in 1946 was the first effort by any economist to accurately calculate the World War II expenses and actual value of foreign exchange reserve with Reserve Bank of India. He claimed 1724 Crore rupees with the Reserve Bank included foreign assets of commercial banks also. Shenoy suggested devaluation of Rupee for it to attain proper parity with Pound Sterling. In 1955, Shenoy was appointed to the Panel of Economists who were to appraise Nehru's ambitious Second Five-Year Plan, the one that aimed at "heavy industrialisation". He was the only one to submit a "Note of Dissent." Shenoy was of the opinion that India could not finance all the money needed for rapid industrialisation and may not be able to consume all the goods thus produced. Dr. Shenoy opined that governmental interventions in markets of all sort, though termed seasonal would end up forcing repeated interventions and would lead to distortions in production, price and storage of commodities. Dr. Shenoy was also critical of Nehru government's penchant for import-substitution, awarding licenses for industrial-production and central planning. Authority to award licenses would lead to corruption was his analysis. His daughter was Dr. Sudha Shenoy, Ph.D. who too was a trained economist in the mould of classical liberalism. (en)
institution	Gujarat University
institution	Gujarat University
gold:hypernym	Economist
schema:sameAs	Bellikoth Raghunath Shenoy

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