Dr. Bhimrao Ramji Ambedkar, popularly known as Baba Saheb Ambedkar, was not only the chief architect of the Indian Constitution but also a profound economist, thinker, and social reformer. One of the lesser-discussed aspects of his intellectual journey is his doctoral thesis, which played a crucial role in shaping his ideas on economics, democracy, and social justice. The Thesis of Dr. B.R. Ambedkar reflects his deep understanding of global economic issues and their relevance to India’s development.
Educational Journey Leading to the Thesis
Dr. Ambedkar pursued higher studies at prestigious institutions such as Columbia University (USA) and the London School of Economics (LSE). During his time abroad, he focused on economic and political problems that affected India and the wider world.
His major theses include:
“The Problem of the Rupee: Its Origin and Its Solution” (1923) – submitted at the London School of Economics.
“Administration and Finance of the East India Company” (1917) – an early work submitted at Columbia University.
Both these works highlight Dr. Ambedkar’s ability to critically analyze financial structures, monetary policies, and their social impact.
Key Insights from Ambedkar’s Thesis
1. The Problem of the Rupee
In his thesis, Dr. Ambedkar studied the Indian currency system under British rule. He examined how the fluctuating value of the rupee affected trade, farmers, and ordinary people. His analysis proposed a gold standard system, which later influenced India’s monetary policy.
2. Finance and Administration of the East India Company
This work focused on the colonial economy, showcasing how the East India Company exploited India’s resources. Ambedkar highlighted the need for better fiscal management and self-rule to achieve economic independence.
Importance of Ambedkar’s Thesis in Modern Context
The Thesis of Dr. B.R. Ambedkar remains relevant even today. His observations on currency stability, financial discipline, and the role of state intervention in the economy resonate with current debates on economic reforms. More importantly, his research laid the foundation for policies that prioritize equity, social justice, and inclusive growth.
Ambedkar as a Scholar and Nation Builder
While Dr. Ambedkar is primarily remembered as the Father of the Indian Constitution, his academic contributions demonstrate that he was equally a visionary economist and thinker. His thesis is not just an academic exercise but a roadmap for building a just and sustainable society.
Conclusion
The Thesis of Dr. B.R. Ambedkar reflects his brilliance as a scholar who combined academic excellence with a strong commitment to social reform. His research continues to inspire economists, policymakers, and students worldwide. By revisiting Ambedkar’s thesis, we can better appreciate his holistic vision of India – one rooted in democracy, equality, and economic justice.