Of course, a warm welcome to all the invitees, who have made time to come for this lecture. Prof. Brahmananda Professor Brahmananda was a distinguished academic, a noted researcher and a respected teacher. His contribution to teaching and research in economics in India is legendary.
Even as Prof. Brahmananda’s research interests spanned a wide spectrum and he will be remembered for a number of significant contributions, his most enduring legacy is the “wagegoods model” he developed in the 1950s which provided the inspiration for what came to be known as the “Bombay School of Thought”.