Prof. M P Varghese
Prof. M P Varghese joined the faculty of Economics at Mar Athanasius College in 1955. He held the dual posts of Principal and Professor in Economics from 1963 to 1982 with a break of three years between 1969 and 1972. Prof. Varghese brought his research work, started in Oxford, to a fruitful culmination by publishing his two books in Economics, namely; A Criticism of Keynes’ General Theory and Theory of Economic Potential and Growth. He continued to associate with the college as the Hon. Professor and later as the Secretary (Chief Executive Officer) of Mar Athanasius College Association till his demise.
The most important contribution of Prof. Varghese to Economic thought is his book Theory of Economic Potential and Growth. It explains the economic necessity of growth, forewarns the world about the inevitability of crisis leading to economic breakdown inherent in the capitalist economic system imposed by limited population growth, and advocates the need for Government intervention and support to meet the crisis and maintain economic activity with full employment. The book has won International recognition and appreciation.
Prof. M.P. Varghese was honoured with the ‘Acharya Award’ for his eminence as a scholar and an untiring organizer, ‘ Akshaya Award’ for his outstanding services in the field of Higher Education, ‘Sevana Retna’ by Y’s men International, ‘Desa Retna’ by Kothamangalam Municipality, ‘Suvarna Rekha’ by Suvarna Rekha registered cultural society and ‘Vikas Award’ for his yeoman services rendered in various realms of life, ‘Prakruthi Mithra’ puraskaram in recognition of his outstanding services for the protection of environment.