Essays on the Econometrics of Inflation, Consumption and Welfare

Outstanding scholars are typically of two types. Some choose the area of scholarship and master it in all its completeness. Others follow a wider class of issues and master all that is important about them. However, Prof. Radhakrishna has chosen to pursue an even harder intellectual strategy that is what makes him incomparably distinct. He chooses to get deeper into problems that face society in all their aspects and follows these till a meaningful solution is found. It is clearly a hard but meaningful pursuit, as we have known for decades about his works. It is these works that are brought together in this unique volume.

These are difficult times to be an econometric modeler devoted to identifying key relationships for policy analysis. In an era where quantitatively-driven analytical insights into the linkages among such policy-relevant variables as food prices, income distribution, and nutrient intake seem to take a back seat to loud populists, who miss academic elites as “out of touch” with the common folk..