Meghnad Desai, eminent economist, passes away; PM Modi expresses condolences

Meghnad Desai served as emeritus professor of economics on the London School of Economics, instructing there from 1965 to 2003.

House of Lords member Meghnad Desai handed away on Tuesday on the age of 84. Meghnad Desai was a distinguished economist. Hailing from Gujarat, India, Desai served as emeritus professor of economics on the London School of Economics, instructing there from 1965 to 2003.Prime Minister Narendra Modi expressed his condolences on X: “Anguished by the passing away of Shri Meghnad Desai Ji, a distinguished thinker, writer and economist. He always remained connected to India and Indian culture. He also played a role in deepening India-UK ties. Will fondly recall our discussions, where he shared his valuable insights. Condolences to his family and friends. Om Shanti.”Following his grasp’s diploma from the University of Bombay (now Mumbai), Desai pursued doctoral research on the University of Pennsylvania in 1960, finishing his PhD inside three years.On April 30, 1991, he acquired the title Lord Desai of St Clement Danes. His affect prolonged throughout tutorial and political spheres in Britain by way of his roles as an LSE professor, Labour politician and honorary affiliate of the National Secular Society.Desai based the Centre for the Study of Global Governance on the LSE in 1992. He additionally served as director and founding member of the LSE’s Development Studies Institute from 1990 to 1995, in accordance with an ET report.Desai performed in depth analysis for greater than 5 a long time, specializing in how non-public enterprises and authorities insurance policies influenced improvement. His work encompassed Marxian economics, globalisation, and market liberalisation.In the early Seventies, he started publishing works on Marxian Economic Theory, later increasing his tutorial pursuits to incorporate econometrics, monetarism, and financial improvement.His revealed works embrace important titles reminiscent of ‘Marxian Economic Theory’, ‘Marx’s Revenge: The Resurgence of Capitalism and the dying of Statist Socialism’, ‘The Rediscovery of India’, ‘Who Wrote the Bhagwadgita’ and ‘Nehru’s hero Dilip Kumar’. His tutorial contributions additionally embrace over 200 scholarly articles.As an energetic participant within the British Labour Party, Desai served as Chairman from 1986 to 1992. Near the conclusion of his chairmanship, he acquired the title of Baron Desai within the City of Westminster in April 1991.