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Who compared Inflation with robbery?
By BYJU'S Exam Prep
Updated on: September 25th, 2023
(A) Professor Keynes
(B) Professor Jagdish Bhagwati
(C) Professor Brahmand and Wakeel
(D) Amartya Sen and JK Mehta
Professor Brahmand and Wakeel compared inflation with robbery. Wakeel and Professor Nrahmand compared inflation to thieves. They claim that both take something away from the inflation victim. Inflation is a popular term in economics.
Who was Professor Brahmand?
Famous Indian economist Palahalli Ramaiya (P.R.) Brahmananda, born on September 27, 1926 – and died on January 23, 2003, is well known for his work in the fields of Indian development policy and monetary economics. Some of the points related to him are mentioned below.
- Few can compare to Brahmananda in terms of pure scholarship and in-depth knowledge of the entire vista of economics, according to I G Patel, the former chief economic advisor to the Government of India, who made this statement in 2004.
- The wage goods model developed in 1956 by CN Vakil and Brahmananda is still regarded as useful today. He is also thought to have had an impact on the anti-inflation measures put forth in July 1974, when India’s inflation rate reached as high as 29%.
- He wrote 36 books and more than 700 papers and articles throughout the course of a career spanning more than five decades.
Summary:
Who compared inflation with robbery? (A) Professor Keynes (B) Professor Jagdish Bhagwati (C) Professor Brahmand and Wakeel (D) Amartya Sen and JK Mehta
Professor Brahmand and Wakeel compared inflation with robbery. Inflation is an economy-related term. When inflation increases, it has a bad impact on the pockets of the common man of that nation. Professor Brahmand was a writer of more than 36 books.
