• Shashi

    Dr. Sashi Sivramkrishna
    Economics of Participation & Labour-Managed Systems

    Ph.D, MA Economics

    •  Professor of Economics, NMIMS Bengaluru (2011 – Present)
    •  Director, Foundation to Aid Industrial Recovery (FAIR) (1992 – Present)
  • Presently on the Board of Studies, Department of Economics, Christ University.
    Editorial Board:

    – Global Environment: A Journal of Transdisciplinary History, White Horse Press.

    – Journal of Economic & Public Policy – NMIMS.

  • Book Published:

    • The Curse of Talakad: (Re)Situating and (Re)Contextualizing a Legend in History, Rupa & Co., New Delhi, 2005.
    • In Search of Stability: Economics of Money, History of the Rupee: traces the history of the rupee from 1542 to 1971 (with an epilogue that extends to the present) from a monetary economics perspective, Manohar Book Publishers, New Delhi, India, 2015, and Routledge, London/New York, 2017.
    • The Role of Social Movements in Economic Change: Cases from Maharashtra, India (unpublished Ph.D. dissertation), Cornell University, 1990.
    • A Note on India’s Revealed Comparative Advantage, Prajnan, Vol.XXX, No.1, April-June 2001.
    • An Economic Model of Self-Help Groups: Policy Implications for Banks and NGO Initiatives, with Ramakrushna Panigrahi, Journal of International Development, 2001, Vol.13, 1119-1130.
    • An Adjusted Human Development Index: Robust Country Rankings with Respect to the Choice of Fixed Maximum and Minimum Indicator Values, with Ramakrushna Panigrahi, Journal of Human Development, Vol. 3, No.2, 2002.
    • The Urban Solid Waste Problem in India: An Economic Approach and Framework for Policy, Journal of Solid Waste Technology & Management, Vol.29, No.1, February 2003.
    • Estimating Value Added by Brands from Market Data: An Application to the Indian Toilet Soap Market, Vision – The Journal of Business Perspective, Vol.7, No.1, January-June 2003.
    • Towards a Post-Autistic Managerial Economics, Post-Autistic Economics Review, Issue No.20, June 3, 2003.
    • Articulating Uneven Regional Development: Artificial Intelligence as a Tool in Development Planning, Journal of Human Development, with Ramakrushna Panigrahi, Vol.4, No.3, November 2003.
    • Managerial Economics: Economics of Management or Economics for Managers? In Edward Fullbrook (ed.), A Guide to What’s Wrong with Economics, Anthem Press, London, 2004 and Real World Economics: A Post-autistic Economics Reader, Anthem Studies in Development and Globalization, London, 2007.
    • Operationalising Multidimensional Concepts of Chronic Poverty, with Aasha Kapur Mehta & Ramakrushna Panigrahi, in Aasha Kapur Mehta and Andrew Shepherd (eds.) Chronic Poverty and Development Policy in India, Sage Publications, London, 2005.
    • Consumer Brand-Choice and the Equi-Marginal Principle of Utility Maximization: A Re-Conceptualization, Vision – The Journal of Business Perspective, 10(4): 29-36, 2006.
    • A Market-Structure Analysis of India’s Small-Scale Industrial Sector: Implications for Policy, Indian Journal of Economics, 2007, LXXXVIII (Part II, No.349).
    • Monopsonistic Exploitation in Contract Farming: Articulating a Strategy for Grower Cooperation, with Amalendu Jyotishi. Journal of International Development, 20, 280-296, 2008.
    • A Heuristic Analysis of Equity and Equality in the Institutionalization of Property Rights: The Baliraja Water Distribution Experiment, India, with Amalendu Jyotishi,  International Journal of Agricultural Resources, Governance and Ecology, Vol. 8, No. 1, pp. 90-106, 2009.
    • The Decline of Traditional Iron Smelting in the Maidan, Southern India: Economic and Ecological Determinants, Environment and History, Vol. 15(2): 163-97, 2009.
    • Ascertaining Living Standards in Erstwhile Mysore, Southern India, from Francis Buchanan’s Journey of 1800-01: An Empirical Contribution to the Great Divergence Debate, The Journal of the Economic and Social History of the Orient, 52(4-5): 695-733, 2009.
    • Macroeconomic and Environmental History:  The Impact of Currency Depreciation on Forests in British India, 1873 – 1893, Global Environment: A Journal of History and Natural and Social Sciences, 4:118-155, 2009.
    • From Merchant to Merchant-Ruler:  A Structure-Conduct-Performance Perspective of the East India Company’s History, 1600-1765, Business History, 56(5): 789-815, 2013-14.
    • Iron Smelting and the State in Pre- and Early-Colonial India: Unearthing the Roots of Statutory Forest Law, with Amalendu Jyotishi, Economic & Political Weekly, Vol. XLVIII, No.5, February 2, 2013, pp.39-49.  Reprinted in Maarten Bavinck & Amalendu Jyotishi (eds.), “Conflict, Negotiations and Natural Resource Management: A legal pluralism perspective from India”, Routledge Explorations in Environmental Studies, London.
    • India’s Failed Transition to a Gold Currency in the 1860s and the Emergence of the Classical Gold Standard, Economic & Political Weekly, Vol. L(4): January 24, 2015, pp. 48-58.
    • An Estimation of Agricultural Productivity in Erstwhile Mysore and South Canara, Southern India, from Francis Buchanan’s Journey of 1800-01: Positioning India in the Great Divergence Debate, Economic & Political Weekly, Vol. L(16): April 18, 2015.
    • Decentring Fiscal Deficit Target Numbers in the Macroeconomic Policy Debate, Economic & Political Weekly, Vol. L(19): May 9, 2015.
    • China’s Macroeconomics Policy Options: A Sectoral Financial Balances Perspective, Studies in Business & Economics, 11(1): April 2016, pp. 152-163.
    • Cracks in BRICs: A Sectoral Financial Balances Analysis and Implications for Macroeconomic Policy, Theoretical & Applied Economics, XXIII (2016), No. 3 (608), Autumn, pp. 53-78.
    • Can a Country Really Go Broke? Deconstructing Saudi Arabia’s Macroeconomic Crisis, Real World Economics Review, Issue No. 76, 30 September 2016, pp. 75 – 94.
    • History as it was Happening: An Archival Study of British Newspaper Reportage on the Indian Rupee Crisis, 1873 – 8193, Archives of Economic History (forthcoming).Papers under Review:
      1. Problems of Plenty: The Oil-Price Crash and Norway’s Macroeconomic Policy Predicament, Economic & Political Weekly.
      2. Characterizing Gold Mining in the Nilgiris-Wayanad Region of India, Economic & Political Weekly.

      Papers Presented at Seminar/Conferences:

      1. Hobbes, Coase & Baliraja:  Equity & Equality in Surface Water Distribution, with Amalendu Jyotishi, Integrating Natural and Social Sciences for Sustainability”, Leipzig, Germany, organized by the European Society for Ecological Economics in June 2007.
      2. Pre-Cantonment Bangalore c.1800: Some Environmental and Economic Inferences from Francis Buchanan’s Journey and Other Sources, National Seminar on the Urban Growth of Bangalore with special reference to Bangalore Cantonment (1809-2009), Department of History, Christ University, 2010.
      3. Agricultural productivity in erstwhile Mysore and South Canara using data from Buchanan’s Journey, National Seminar on Scientific Knowledge, Cultural Technologies and Colonial Explorations of Peninsular India, Department of History, Pondicherry University, 2011.
      4. The Forest and the Trees: Delineating the Protected Area Debate in India (with Amalendu Jyotishi), Jubilee Congress of the Commission on Legal Pluralism, University of Cape Town, South Africa, 2011.
      5. Iron Smelting and the State in Pre- and Early-Colonial India: Unearthing the Roots of Statutory Forest Law, Legal Pluralism in Natural Resource Management, Amrita School of Business, Ettimadai, March 2012.
      6. A golden opportunity: India’s failed transition from the silver rupee to a gold currency in the 1860s, Annual Economic History Society Conference, University of York, April 2013.
      7. Impacts of Globalization on Indian Industry: Case of Financialization in IT and non-IT industry (with Upasana Mishra, R. Karthik & A. Jyotishi), SIGMIS CPR2014, Singapore, May 2014.
      8. Estimating Agricultural Productivity in Erstwhile Mysore and South Canara, Southern India, from Francis Buchanan’s Journey of 1800-01, abstract accepted by Fourth Asian Historical Economics Conference, September 2014, Istanbul (Turkey), unable to attend.
      9. Informal Mining-Based Livelihoods: Investigating the Context of Gold Mining in Nilgiri-Wayanad Region of India, (with Amalendu Jyotishi and Kuntala Lahiri-Dutt), Gujarat Institute for Development Research (GIDR), GIDR Development Convention, 11-12 February 2015.
      10. Formal to Informal: Transitions in Institutions and Governance of Gold Mining in Nilgiri-Wayanad Region of India over last 170 years (with Amalendu Jyotishi and Kuntala Lahiri-Dutt), 15th Global Conference of the International Association for the Study of the Commons, Edmonton, Canada, May 2015 and at the International Conference of the Commission on Legal Pluralism in collaboration with the Dept. of Humanities & Social Sciences, IIT-Bombay, 14-16 December 2015 Mumbai, India.
  • Gold medal, M.A., University of Bombay

  • Sashi completed his M.A. in Economics from Bombay (now Mumbai) University in 1985 and Ph.D. in Economics from Cornell University, Ithaca, in 1990. After more than ten years in business, Sashi returned to academia in 2000 and is currently Professor of Economics at the Narsee Monjee Institute for Management Studies (NMIMS), Bengaluru.  His teaching interests are mainly micro and macroeconomics.  His research interests are eclectic: he has published in subjects ranging from microeconomic theory to environment economics, from economic and monetary history to contemporary macroeconomic country studies.  Sashi is also an avid documentary filmmaker.  His films have been screened at international festivals around the world and some have also be screened on channels including National Geographic and Doordarshan.

  • “Journal Referee:

    Have reviewed articles for:

    o World Development
    o Global Environment
    o British Journal of Middle Eastern Studies
    o Economic & Political Weekly (Quick Assessment)
    o NMIMS Management Review”
    “Documentary Films (from conception to direction including screenplay and script):

    Faces of Kudremukh (2003): an educational documentary on the issue of people and forests.

    The Curse of Talakad (2005): An archaeological, geological, and historical search to solve the mystery of a 400 year-old legend. Screened at:
    • Film South Asia ’05 (Kathmandu, Nepal)
    • The International Film and Video Festival (Oregon, USA)
    • XVIII International Festival of Archaeological Films (Rovereto, Italy)
    • VII International Archaeology Film Festival (Bidasoa, Spain)
    • AGON, 6th International Meeting of Archaeological Film of the Mediterranean Area (Greece).
    • National Institute for Advanced Study (NIAS), Bangalore International Centre, Bangalore Club and Suchitra Film Society.

    Trading Pollution for Clean Development (2006): an educational-awareness film on the Kyoto Protocol. Nominated for the HSBC award for films on Climate Change at CMS Vatavaran, New Delhi, 2007.

    Black Forests and Steel Cakes (2006): a video report on iron and steel smelting in Tumkur and Chitradurga districts. Online screening by the Archaeology Channel, USA.

    Building a Green Future Now (2008): a documentary film on the building sector and climate change. Produced by the UK Government under the UK Environment Film Fellowship (2007). Telecasted on:
    • Doordarshan (DD-1) on World Environment Day, 5.06.2008
    • National Geographic Channel on 13.11.2008 and 5.07.2009.

    A Looming Past (2010): weaves together a multi-layered narrative of the lives of traditional coarse blanket makers in a small southern Indian village in Karnataka State, Yaravarahalli. An attempt to capture the sights and sounds of an ancient occupation in its contemporary and increasingly frayed context and at a critical juncture in its long and textured history. Screened at:
    • Dokubazaar: Ljubljana Independent Documentary Film Festival, Slovenia
    • Forumdoc.bh.2010: 14e Documentary and Ethnographic Film Festival, Brazil
    • 3rd ETNOFilm: Festival of Ethnographic Film, Rovinj, Croatia, 2011
    • 12th Royal Anthropological Institute International Festival of Ethnographic Film, London, 2011
    • Days of Ethnographic Cinema, Russia, 2011.
    • Association of Asian Studies, Film Expo, Chicago, 2015.

    Yes We Can (2013): proposal selected by the Public Service Broadcasting Trust (PSBT). Some 14 films were selected from amongst 900 proposals. The film traces the life of four successful entrepreneurs who began their businesses under challenging circumstances. Screened on DD-1 in 2014.

    At the Foundation to Aid Industrial Recovery (FAIR), I have been involved in many NGO evaluations and training programmes as well as policy studies for international funders. Between 1990 and 2003, I was also actively engaged in business (Chemols Supply Company). We were an agency firm representing leading French manufacturers of semi-products in high alloyed steels, super alloys, titanium and aluminum alloys for use in high technology industries including aerospace, engineering and medical industries.
    “Recent Articles in Newspapers/E-Magazines:

    Black Earth and Smelting Locations, Deccan Herald 2011.

    New Spin on an Old Journey, Deccan Herald 2011.

    Through the Looking Glass, Deccan Herald 2012.

    What Does Modern Money Theory Tell Us about Demonetization? The Wire, 5.12.2016

    The Role that Currency Played in the Great Bengal Famine of 1770, The Wire, 12.12.2016

    Why Cry Over Spilt Milk? Remonetize the Old Rs.500 Note on January 1, 2017, The Wire, 16.12.2016.