Ajit Singh of Cambridge and Chandigarh

An Intellectual Biography of the Radical Sikh Economist

  • Ashwani Saith

Table of contents

  1. Front Matter
    Pages i-xxxviii
  2. Ashwani Saith
    Pages 1-25
  3. Ashwani Saith
    Pages 33-53
  4. Ashwani Saith
    Pages 55-84
  5. Ashwani Saith
    Pages 85-148
  6. Ashwani Saith
    Pages 149-174
  7. Ashwani Saith
    Pages 175-271
  8. Ashwani Saith
    Pages 273-307
  9. Ashwani Saith
    Pages 309-323
  10. Ashwani Saith
    Pages 325-337
  11. Back Matter
    Pages 339-463

About this book


This book examines the life and work of Ajit Singh (1940-2015), a leading radical post-Keynesian applied economist who made major contributions to the policy-oriented study of both developed and developing economies, and was a key figure in the life and evolution of the Cambridge Faculty of Economics. Unorthodox, outspoken, and invariably rigorous, Ajit Singh made highly significant contributions to industrial economics, corporate governance and finance, and stock markets – developing empirically sound refutations of neoclassical tenets. He was much respected for his challenges both to orthodox economics, and to the one-size-fits-all free-market policy prescriptions of the Bretton Woods institutions in relation to late-industrialising developing economies. Throughout his career, Ajit remained an analyst and apostle of State-enabled accelerated industrialisation as the key to transformative development in the post-colonial Global South. The author traces Ajit Singh’s radical perspectives to their roots in the early post-colonial nationalist societal aspirations for self-determination and autonomous and rapid egalitarian development – whether in his native Punjab, India, or the third world – and further explores the nuanced interface between Ajit’s simultaneous affinity, seemingly paradoxical, both with socialism and Sikhism. 

This intellectual biography will appeal to students and researchers in Development Economics, History of Economic Thought, Development Studies, and Post-Keynesian Economics, as well as to policy makers and development practitioners in the fields of industrialisation, development and finance within the strategic framework of contemporary globalisation.


Ajit Singh Non-mainstream economist Cambridge economics Indian/Punjabi economic development Development economics De-industrialization of Britain History of heterodox economic thought modern business enterprise de-industrialisation in advanced and emerging economies globalisation of financial and product markets

Authors and affiliations

  • Ashwani Saith
    • 1
  1. 1.International Institute of Social StudiesErasmus University RotterdamThe HagueThe Netherlands

Bibliographic information

  • DOI
  • Copyright Information The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG, part of Springer Nature 2019
  • Publisher Name Palgrave Macmillan, Cham
  • eBook Packages Economics and Finance Economics and Finance (R0)
  • Print ISBN 978-3-030-12421-2
  • Online ISBN 978-3-030-12422-9
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