Sumanasiri Liyanage, … His Prologue to An Academic Appreciation of Professor HA De S Gunasekera
Prologue …. Vice-Chancellor, Deputy Vice-Chancellor, Dean, Faculty of Arts, Head, Department of Economics, Members of Prof. H A De S Gunasekera family, colleagues, Friends and students.
It is indeed a pleasure to be in Peradeniya once again, and I felt honored and privileged when I was asked to deliver the Prof H. A. De S. Gunasekera memorial oration 2025 for which I thank Prof Sri Ranjith, Head/Economics and members of the H.A. De S. Gunasekera Memorial Committee.
Let me begin with a brief anecdote. My first face-to-face meeting with Prof. Gunasekera took place in the latter part of 1966, when I came to Peradeniya to do a special degree in economics after spending the first year at the University of Ceylon, Colombo. However, that was not my first encounter with him, I remember three previous encounters, though not face-to-face meetings.
The first was in March 1960, a year in which I was thrown into the periphery of left politics in Sri Lanka. As a village lad, I walked from house to house with the Lanka Samasamaja Party (LSSP) candidate for Baddegama seat in the 1960 March parliamentary election distributing his leaflets. In the same election, I found that Dr. H. A. De S. Gunasekera contested the Borella seat as the LSSP candidate. So, I had heard his name not as an economist, but as a samasamajist.
My third encounter was in 1964. Dr N. M. Perera, one of the most popular leaders of the LSSP, proposed to the central committee of the party that the LSSP should form a coalition government with the Sri Lanka Freedom Party (SLFP) headed by Ms. Sirima R. D. Bandaranaike, the Prime Minister. A special conference was convened to decide on the matter where two more resolutions were added. While the second resolution opposed any kind of coalition with a bourgeois party characterizing it as a betrayal (in spite of the SLFP adopting some radical measures like nationalizations), the third resolution proposed that the LSSP could join a coalition government but along with the other two Left parties. Among the signatories to the third resolution were three Peradeniya dons, Mr. Doric de Souza, Dr Osmond Jayaratne and Prof H. A. De S. Gunasekera.
I referred to these anecdotes as they open up for me a window to enter the subject that is the theme of my talk this evening. I consider Prof. Gunasekera as a political economist although the term was not in vogue during that period. How do we distinguish political economy from mainstream economics that has become ‘normal science’[1] in Kuhnian terms? Mainstream economics, that late John E Weeks called “fakeconomics”[2] comes from different modes, neo-classical, supply-side, rational expectations and neo-liberal? Weeks defines ‘fakeconomics’ in the following words:
Fakeconomics is the study of exchange relationship that have no counterpart in the real world and are endowed with metaphysical powers. These exchanges are voluntary, timeless and carried out by a large number of omniscient creatures of equal powers. These creatures know all possible outcomes and the likelihood of every exchange, so they are never surprised (they are omniscient, after all). In fakeconomics no difference exists among the past, present and future, and full employment always prevails.[3]
Political economy, however, proposes to examine an economic phenomenon situating it in its social, political, cultural and psychological setting. As Franklin Roosevelt once said, “we must lay hold of the fact that economic laws are not made by nature, [but] made by human beings.” [4]
In this talk, I intend to pay my own specific tribute to Prof. Gunasekera as a political economist by adopting the method of political economy to the subject under review.
END NOTES
[1] Thomas Kuhn. The Structure of Scientific Revolution.
[2] John E Weeks. Economics of the 1%: How Mainstream Economics Serves the Rich, Obscures Reality and Distorts Policy. London: Anthem Press. 2014
[3] Ibid. p. 17.
[4] Quoted in Ibid. p. 17.
