A conversation with Deepak Lal, for Man and the Economy

  This interview will be published in the December 2018 issue of Man and the Economy journal, founded by Nobel Prize winning economist Ronald Coase.

Lal  Deepak Lal is the James S. Coleman Professor Emeritus of International Development Studies at the University of California at Los Angeles, professor emeritus of political economy at University College London, and a senior fellow at the Cato Institute. He was a member of the Indian Foreign Service (1963-66) and has served as a consultant to the Indian Planning Commission, the World Bank, the Organization for Economic Cooperation and Development, various UN agencies, South Korea, and Sri Lanka. From 1984 to 1987 he was research administrator at the World Bank.

  Lal is the author of a number of books, including The Poverty of Development Economics; The Hindu Equilibrium; Against Dirigisme; The Political Economy of Poverty, Equity and Growth; Unintended Consequences: The Impact of Factor Endowments, Culture, and Politics on Long-Run Economic Performance; and Reviving the Invisible Hand: The Case for Classical Liberalism in the 21st Century.

  Grégoire Canlorbe: From Gandhi’s point of view, in substance, Varanashram (caste system) is inherent in human nature and it was solely given a scientific expression through Hinduism. Similarly, can one contend that utility maximization and rational calculus are innate human traits that capitalism turned into a science?

  Deepak Lal: As I have shown in The Hindu Equilibrium, the caste system, far from being timeless and “inherent in human nature,” most likely arose as the Aryan response to the problem of securing a stable labor supply for the relatively labor-intensive agriculture they came to practice in the Indo-Gangetic plan. Given the ecological circumstances of this large plain (once the primeval forests had been cleared during the Aryan advance), and the primitive forms of transport then available, a major constraint on achieving a political solution for the provision of a stable labor supply, was the endemic political instability among the numerous feuding monarchies.

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