Sudha Shenoy
Encyclopedia
Dr. Sudha Shenoy, Ph.D was an Austrian school economist and economic historian
. From 1986 to 2004, she worked as a lecturer in economics at the University of Newcastle
in Australia. She was an Honorary Associate in Economic History at the School of Policy and an adjunct scholar at the Ludwig von Mises Institute
.
Shenoy’s father was Professor Bellikoth Raghunath Shenoy, an eminent Indian economist who studied under Friedrich Hayek
at the London School of Economics
.
Shenoy was a strong advocate of free trade and a critic of central planning and the welfare state
. She once told Lew Rockwell
that Australia was “freer than the US.” When Rockwell asked why, she replied: “Because Australia never had a civil war
, and so we still have states rights.” She added: “Jefferson
was correct about competitive sovereignty helping to preserve liberty.”
She was also highly critical of mainstream economics and especially the widespread adoption in mainstream economics of the methods of the natural sciences; she believed that, as a result of this methodology, mainstream economics was hopelessly removed from the real world. In a 2003 interview she commented that:
Economic history
Economic history is the study of economies or economic phenomena in the past. Analysis in economic history is undertaken using a combination of historical methods, statistical methods and by applying economic theory to historical situations and institutions...
. From 1986 to 2004, she worked as a lecturer in economics at the University of Newcastle
University of Newcastle, Australia
The University of Newcastle is an Australian public university that was established in 1965. The University's main and largest campus is located in Callaghan, a suburb of Newcastle in New South Wales...
in Australia. She was an Honorary Associate in Economic History at the School of Policy and an adjunct scholar at the Ludwig von Mises Institute
Ludwig von Mises Institute
The Ludwig von Mises Institute , based in Auburn, Alabama, is a libertarian academic organization engaged in research and scholarship in the fields of economics, philosophy and political economy. Its scholarship is inspired by the work of Austrian School economist Ludwig von Mises...
.
Shenoy’s father was Professor Bellikoth Raghunath Shenoy, an eminent Indian economist who studied under Friedrich Hayek
Friedrich Hayek
Friedrich August Hayek CH , born in Austria-Hungary as Friedrich August von Hayek, was an economist and philosopher best known for his defense of classical liberalism and free-market capitalism against socialist and collectivist thought...
at the London School of Economics
London School of Economics
The London School of Economics and Political Science is a public research university specialised in the social sciences located in London, United Kingdom, and a constituent college of the federal University of London...
.
Articles and positions
Shenoy published many articles on economic history and economic development and development and also compiled and edited Friedrich Hayek’s book A Tiger by the Tail: The Keynesian Legacy of Inflation.Shenoy was a strong advocate of free trade and a critic of central planning and the welfare state
Welfare state
A welfare state is a "concept of government in which the state plays a key role in the protection and promotion of the economic and social well-being of its citizens. It is based on the principles of equality of opportunity, equitable distribution of wealth, and public responsibility for those...
. She once told Lew Rockwell
Lew Rockwell
Llewellyn Harrison "Lew" Rockwell, Jr. is an American libertarian political commentator, activist, proponent of the Austrian School of economics, and chairman of the Ludwig von Mises Institute.-Life and work:...
that Australia was “freer than the US.” When Rockwell asked why, she replied: “Because Australia never had a civil war
American Civil War
The American Civil War was a civil war fought in the United States of America. In response to the election of Abraham Lincoln as President of the United States, 11 southern slave states declared their secession from the United States and formed the Confederate States of America ; the other 25...
, and so we still have states rights.” She added: “Jefferson
Thomas Jefferson
Thomas Jefferson was the principal author of the United States Declaration of Independence and the Statute of Virginia for Religious Freedom , the third President of the United States and founder of the University of Virginia...
was correct about competitive sovereignty helping to preserve liberty.”
She was also highly critical of mainstream economics and especially the widespread adoption in mainstream economics of the methods of the natural sciences; she believed that, as a result of this methodology, mainstream economics was hopelessly removed from the real world. In a 2003 interview she commented that: