Deepak Lal
Born	(1940-01-03)3 January 1940 Lahore,British India
Died	3 March 2020(2020-03-03) (aged 80) London, England
Spouse	Barbara Ballis Lal (m. 1971)
Academic background
Education	Jesus College, Oxford
Academic work
Discipline	Economics
Sub-discipline	Development economics
Institutions	University of California, Los Angeles (1991-2020)[1] University College London (1970-1993)[2] University of Oxford (1966-1970)[3]

Deepak Kumar Lal (1940 – 30 April 2020) was an Indian-born Britishliberal economist, author, professor and consultant.^[4][1] Best known for his 1983 book,The Poverty of “Development Economics",^[5] Lal was also known for bucking conventional assumptions and for multidisciplinary approaches to thorny economic problems.^[6] His proposed solutions were typically in the vein ofHayek or theAustrian School of economic thinking.^[7][8]

He was born inLahore, then inBritish India, on 3 January 1940. He attended theDoon School in Dehradun, India.^[9][10] He studiedhistory atSt. Stephen's College of theUniversity of Delhi, graduating in 1959.^[11] He then studied atJesus College, Oxford, receiving a BA inphilosophy, politics, and economics in 1962, and a BPhil ineconomics in 1965.^[9] From 1963 to 1966, overlapping with his time at Oxford, he was a junior member of India's diplomatic corps, theIndian Foreign Service, but resigned.^[9][12]

In 1966, he taught at Jesus College, Oxford. The 1989American Economic Review directory lists him as alecturer atChrist Church, Oxford from 1966 to 1968, and as a research fellow atNuffield College, Oxford, from 1968 to 1970.^[9] From 1970 to 1993, he taught atUniversity College London, where he was appointed Professor of Political Economy in 1984, andProfessor Emeritus of Political Economy in 1993.^[1] The 1989American Economic Review directory listed his research interests as "North-South issues, labor markets in developing countries". In 1978, he was a visiting fellow at theAustralian National University.^[13]

In 1993, he became theJames S. Coleman Professor of International Development Studies at theUniversity of California, Los Angeles, where he remained until his death in 2020.^[14] He also served as a research fellow at the UCLA Center for India and South Asia.^[15]

He was a consultant to theInternational Labour Organization, theUnited Nations Conference on Trade and Development, theUnited Nations Industrial Development Organization, theIndian Planning Commission, theWorld Bank, theOrganisation for Economic Co-operation and Development, and the Planning Ministries ofSri Lanka andSouth Korea.^[16][17] He served as Economic Advisor to theWorld Bank from 1983 to 1984, and as a Research Administrator from 1984 to 1987.

From 1994 to 1997, he was co-director of the Trade Policy Unit at theCenter for Policy Studies. From 1994 to 1998, he was chairman of the Board of Advisors of theNestle Lecture on the developing world. From 2000 to 2009, he was a member of the UK Shadow Chancellor's Council of Economic Advisors.

From 1999 onward, he served as a distinguished visiting fellow at theNational Council for Economic Research inNew Delhi. He was also a research fellow at theIndependent Institute and a Senior Fellow at theCato Institute. From 2008 to 2010, he served as president of theMont Pelerin Society.^[6][18]

He received honorary doctorates from thePaul Cézanne University inAix-en-Provence,France in 2002 and thePontifical Catholic University of Peru inLima,Peru in 2010.^[13] In 2007, he received the ItalianSocieta Libera's International Freedom Prize for Economics.

Lal died in 2020 fromCOVID-19.^[19]

• Wells and Welfare: An Exploratory Cost-Benefit Study of Small-Scale Irrigation in Maharashtra (1972)
• New Economic Policies for India (1973)
• Methods of Project Analysis: A Review (1974)
• Appraising Foreign Investment in Developing Countries (1975)
• Men or Machines: A Study of Labor-Capital Substitution in Road Construction in the Philippines (1978)
• Poverty, Power and Prejudice: The North-South Confrontation (1978)
• Market Access for Semi-Manufacturers from Developing Countries (1979)
• Prices for Planning: Towards the Reform of Indian Planning (1980)
• A Liberal International Economic Order: The International Monetary System and Economic Development (1980)
• Labor and Poverty in Kenya, 1800–1980 (withP. Collier, 1986)
• Stagflation, Savings and the State: Perspective on the Global Economy (ed., withM. Wolf, 1986)
• Economic Growth in India (1988)
• Impediments to Trade Liberalization in Sri Lanka (with S. Rajapatirana, 1989)
• The Hindu Equilibrium: Vol. I – India – Cultural Stability and Economic Stagnation, C. 1500 B.C. (1989)
• The Hindu Equilibrium: Vol. II – Aspects of Indian Labor (1989)
• Nationalized Universities: Paradox of the Privatization (1989)
• Public Policy and Economic Development: Essays in Honor ofI.M.D. Little (1990)
• The Limits of International Cooperation (1990)
• Political Economy and Public Policy (1990)
• Fighting Fiscal Privilege (ed., 1992)
• The Repressed Economy: Causes, Consequences, Reform (1993)
• Against Dirigisme: The Case for Unshackling Economic Markets (1994)
• The Minimum Wage (1995)
• Poverty Markets and Democracy (1995)
• The Political Economy of Poverty, Equity and Growth: A Comparative Study (withH. Myint, 1996)
• Unintended Consequences: The impact of Factor Endowments, Culture and Politics On Long Run Economic Performance (1998)
• Unfinished Business: India in the World Economy (1999)
• Renewing the Miracle: Economic Development and Asia (1999)
• EMU and Globalization (1999)
• Culture, Democracy and Development (1999)
• Green Imperialism: A Prescription for Misery and War in the World's Poorest Countries (1999)
• Smoke Gets in Your Eyes (2000)
• The New Cultural Imperialism: Green scares and economic development (2000)
• The Poverty of "Development Economics" (2000)
• Trade, Development and Political Economy: Essays in honour of Anne Krueger (eds., with R. Snape, 2001)
• A Premium on Health: A national health insurance scheme (2001)
• The Japanese Slump (2001)
• In Defense of Empires (2004)
• In Praise of Empires: Globalization and Order (2004)
• The Hindu Equilibrium: India c. 1500 B.C.–2000 A.D. (2004)
• Reviving the Invisible Hand: The Case for Classical Liberalism in the Twenty-first Century (2006)
• Lost Causes: The Retreat from Classical Liberalism (2012)
• War or Peace: The Struggle for Power (2018)

• Deepak Lal's UCLA faculty webpage
• Appearances onC-SPAN

• 2020 deaths
• 1940 births
• The Doon School alumni
• Alumni of Jesus College, Oxford
• World Bank people
• University of California, Los Angeles faculty
• Indian development economists
• Indian libertarians
• Classical liberal economists
• Cato Institute people
• Member of the Mont Pelerin Society
• Deaths from the COVID-19 pandemic in England
• Fellows of Nuffield College, Oxford
• Indian Foreign Service officers
• 20th-century Indian economists

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