The Problem of the Rupee, Its Origin and Its Solution

Name: The Problem of the Rupee, Its Origin and Its Solution
Author: B. R. Ambedkar

By B. R. Ambedkar

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About This Book

The author examines the historical evolution and theoretical basis of the rupee, tracing how a gold standard shifted into a gold-exchange standard and assessing policy decisions and committee recommendations that produced that transformation. He documents earlier monetary practice, critiques the exchange standard for treating symptoms rather than stabilizing the currency's purchasing power, and disputes prominent economists' defenses. The work combines historical narrative with technical discussion and proposes remedies: restrict minting by government, fix limits on currency issue, and consider replacing coin with inconvertible paper or selling bullion proceeds to restore and maintain monetary stability.

About the Author

B. R. Ambedkar

B. R. Ambedkar was an influential Indian jurist, economist, and social reformer, best known for his role in advocating for the rights of the marginalized and the abolition of the caste system. He was a key figure in the drafting of the Indian Constitution and is recognized for his efforts to promote social justice and equality. Among his notable works are "Castes In India," which critically examines the caste system, and "The Problem of the Rupee, Its Origin and Its Solution," where he discusses economic issues related to currency. Ambedkar's legacy continues to inspire movements for social reform and human rights in India and beyond.