The Positive Background of Hindu Sociology c3.152

c3.152

Prof. E. L. Bogart of Illinois describes Prof. Sarkar's *Applied Economics* in the *American Economic Review* in the following words : “Prof. Sarkar, a well-known Indian scholar, endeavours to determine a proper economic policy for India. There is something reminiscent of Frederick List’s stages of economic development in Prof. Sarkar’s position. The author believes that fresh significance will be given to the study of economic organization and social structure if the relationships between the regions of the ‘second’ Industrial Revolution (England, France, Germany and the U.S.A.) and those now entering upon their first Industrial Revolution (India, China, the Balkans, South America etc.) are fully understood. He concludes that the standards of living in Western Europe and the U.S.A. can be raised only to the extent of a simultaneous development in the industrially less developed countries.”