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| Nationality | Indian |
Professor Bellikoth Ragunath Shenoy, Ph.D (born 1905, died 1978), was a classical liberal economist. He was a highly influential advocate of classical liberalism in India and was President of the Indian Economic Association and a member of the Mont Pelerin Society.
Shenoy was born near Mangalore, Karnataka in India. He studied economics at Benares Hindu University and later at the London School of Economics where he was highly influenced by Friedrich Hayek. In 1931 Shenoy became the first Indian economist to have a paper published in a leading scholarly journal. As a student, Shenoy participated in the Indian independence movement and was jailed at Nagpur where he was influenced by Madan Mohan Malaviya
Professor Shenoy taught at Wadia College (Pune), the University of Ceylon, Gujarat University and the London School of Economics. He also worked at the Ceylon Commission on Currency, the Ceylon Department of Commerce, the Reserve Bank of India, the International Monetary Fund and the World Bank. After leaving academia, Professor Shenoy founded the Economic Research Centre in Delhi which advocated the ideas of classical liberalism.
Professor Shenoy was appointed to the Panel of Economists who were to appraise Nehru's ambitious Second Five-Year Plan - the one that aped the Soviets and aimed at "heavy industrialisation." He was the only one to submit a "Note of Dissent."[1]
His daughter was Dr Sudha Shenoy, Ph.D.