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| Indian Economic Society | |
|---|---|
| Name | Indian Economic Society |
| Formation | 1917 |
| Type | Learned society |
| Headquarters | Kolkata |
| Region served | India |
| Language | English |
| Leader title | President |
Indian Economic Society is a scholarly association established to advance the study and dissemination of Economics in India. Founded in the early 20th century, it brought together eminent scholars from institutions such as University of Calcutta, Bombay University, and University of Madras and engaged with contemporaneous bodies like the Royal Economic Society and the American Economic Association. The Society has contributed to debates involving policy makers from Reserve Bank of India, administrators from the Indian Civil Service, and legislators associated with the Constituent Assembly of India.
The Society traces roots to meetings influenced by scholarly networks around figures linked to Indian Statistical Institute, All India Village Industries Association, and provincial colleges in Bengal Presidency. Early members included academics who had associations with London School of Economics, Oxford University, and Cambridge University, and who participated in international forums such as the League of Nations Economic Section and conferences organized by the International Economic Association. During the pre-independence era the Society interacted with reformers connected to the Indian National Congress and critics associated with the Swadeshi movement. Post-1947 the Society's evolution paralleled institutional developments at Institute of Economic Growth, National Council of Applied Economic Research, and policy institutions including the Planning Commission of India. Episodes such as debates on the Bombay Plan and discussions involving leaders tied to Jawaharlal Nehru and B. R. Ambedkar shaped its agenda. Over decades the Society maintained connections with visits and exchanges involving scholars linked to the Harvard University and University of Chicago economics faculties, and participated in collaborative work with agencies like the World Bank and International Monetary Fund.
The Society's charter emphasizes promotion of rigorous inquiry inspired by traditions exemplified at Cambridge School of Economics and analytic approaches practiced at Chicago School of Economics. Core objectives include fostering research comparable to outputs from Centre for Development Studies and facilitating policy-relevant dialogue like that conducted at Institute for Social and Economic Change. Activities encompass organizing seminars modeled on symposia held by the Royal Statistical Society, supporting young scholars who trained at institutions such as Delhi School of Economics and Jawaharlal Nehru University, and advising bodies with mandates similar to the Finance Commission of India and state-level planning boards. The Society also undertakes archival work drawing on collections housed at National Archives of India and curates historiographical projects tied to figures like P. C. Mahalanobis and R. C. Dutt.
Membership includes academics from departments at Banaras Hindu University, Panjab University, and University of Pune; researchers affiliated with Centre for Economic Policy Research collaborations; and retired civil servants who served in roles at Ministry of Finance (India) and state treasuries. Governance follows a council model with offices similar to those used by Royal Economic Society and American Economic Association, featuring a President, Vice-Presidents, Secretary, and Treasurer elected at annual general meetings held in rotation across centers such as Kolkata, Mumbai, Delhi, and Chennai. Election processes mirror procedures seen in academic societies at Indian Institute of Management Ahmedabad and Tata Institute of Social Sciences, with nominating committees that have historically included scholars associated with Economic and Political Weekly and research programs linked to Indian Council of Social Science Research.
The Society publishes a peer-reviewed journal that has historically featured contributions from economists who later joined faculties at London School of Economics, Princeton University, and Yale University. Articles have examined themes addressed in seminal works like The Wealth of Nations and debates influenced by reports produced at Royal Commission on Agriculture. The publication program includes monographs and occasional papers comparable to series issued by Oxford University Press and collaborates with university presses at Calcutta University Press and Orient Blackswan. Research priorities have covered topics tied to studies by P. S. Lokanathan, agrarian analyses related to Zamindari Abolition Acts, industrialization debates akin to the Bombay Plan, and monetary policy discussions informed by reports from Reserve Bank of India committees. The Society has also facilitated data-sharing initiatives drawing upon datasets maintained at National Sample Survey Office and historical census compilations produced by the Office of the Registrar General and Census Commissioner, India.
Annual conferences convene scholars and practitioners with program themes reflecting issues debated at global meetings such as the World Economic Forum and at regional gatherings like South Asian Association for Regional Cooperation workshops. Plenary sessions have featured speakers who later engaged with institutions including World Bank, International Labour Organization, and national think tanks such as Observer Research Foundation. Conferences often host panels on subjects paralleling research agendas at Institute of Development Studies and retrospective sessions examining policy turning points linked to Green Revolution in India and fiscal reforms enacted during the tenure of leaders associated with Manmohan Singh. The Society also organizes workshops for early-career researchers modeled on summer schools at NBER and collaborates with departments at University of Mumbai and University of Delhi for regional meetings.
Category:Learned societies of India Category:Economics organizations