Chennai :

Economic thinker and social scientist Pulapre Balakrishnan has been handed the 2014 Malcolm Adiseshaiah award for contribution to development studies. The award was instituted by the Malcolm and Elizabeth Adiseshaiah Trust, which runs the Madras Institute of Development Studies in Adyar.

An alumnus of Madras Christian College, Balakrishnan also studied at Jawaharlal Nehru University, Oxford and Cambridge. With a formidable academic training followed by research at prestigious institutions across the world, he is now professor at the Centre for Development Studies, Thiruvananthapuram.

Delivering the Malcolm Adiseshaiah memorial lecture on the topic ‘Macroeconomic reversal in India,’ Balakrishnan said that macroeconomics was in riotous disarray.

“Some of the triumph that had accompanied the rise of the New Classical Economics has dissipated after the global financial crisis,” he pointed out.

source: http://www.newindianexpress.com / The New Indian Express / Home> Cities> Chennai / by Express News Service / November 22nd, 2014