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Reflections on Kalyan Sanyal’s Rethinking Capitalist Development
This article is based on a lecture delivered by the author to celebrate Kalyan Sanyal’s memory. It draws upon an email exchange between them on Sanyal’s book Rethinking Capitalist Development. It also dwells on the important issues that Sanyal raised with particular reference to India.
This article draws upon the Kalyan Sanyal Memorial Lecture that I gave in Kolkata on 24 January 2018, organised by the Department of Economics, Calcutta University. Comments from Partha Chatterjee at the Lecture are gratefully acknowledged.
I had known Kalyan Sanyal for some years and grown very fond of him, and his untimely demise was a great shock to me. At different points of time (he was much junior to me) he and I had both started our early career in economics in the area of international trade theory, but later we dabbled in other issues in economics.
His book Rethinking Capitalist Development is quite a landmark in the relevant literature. A couple of years before his passing away, he and I had some long email exchanges on the theme of the book, spelling out where we agree and where we disagree. In this lecture to celebrate his memory I can try to pay my homage in the only academic way I know, by drawing upon that exchange and provide my own (obviously partisan) respectful but critical thoughts on the subject. In a way it is an attempt on my part to continue that conversation with him that was cut short, on the important issues he raised, but with particular reference to India.
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