International Journal of All Research Education and Scientific Methods (IJARESM), ISSN: 2455-6211 Volume 10, Issue 12, December-2022, Impact Factor: 7.429, Available online at: www.ijaresm.com IJARESM Publication, India >>>> www.ijaresm.com Page 1706 Dr. B. R. Ambedkar's Contribution to Selected Economic and Social Issues - A Theoretical Assessment Dr. G. Yoganandham 1 , Mr. A. Abdul Kareem 2 1 Professor & Head, Department of Economics, Director – Centre for Knowledge, Thiruvalluvar University ( A State University), Serkkadu, Katpadi Taluk, Vellore District, Tamil Nadu – 632115 2 Ph.D., Research Scholar, Department of Economics, Thiruvalluvar University, ( A State University) Serkkadu, Katpadi Taluk, Vellore District, Tamil Nadu, India- 632 115 -----------------------------------------------------------------*****************---------------------------------------------------------------- ABSTRACT Ambedkar was instrumental in identifying the problems with caste society and fought his entire life to free Dalits from social prejudice, economic estrangement, and political exclusion. The Indian polymath Babasaheb Ambedkar was knowledgeable in law, economics, sociology, media, politics, and social reform. A de-urbanization process and an excessive increase in rural population have harmed India. Industrialization is a powerful and natural solution to India's poverty and unemployment problems. A just government would not engage in such covert robbery of the poor. In 1922, the Jat-Pat-Todak Mandal was established in Lahore as a branch of the Arya Samaj. The Independent Labour Party (ILP) was founded by Babasaheb Ambedkar in 1936. The Currency Act of 1835 resulted in one of the biggest financial revolutions in Indian history. It put an end to India's "Double Standard," or bimetallic system, and switched it to a monometallic silver standard. The value of the Indian rupee fell as a result of the increased supply of silver. It is very difficult for a centralised authority to allocate resources across the nation with reasonable knowledge and discretion. The Currency Act of 1835 was responsible for one of the biggest financial revolutions in Indian history. India switched to a monometallic silver standard as a result, ending the "Double Standard" or bimetallic system. The value of the Indian rupee decreased as a result of the increased supply of silver. In this background, this research paper mainly concentrates on the economic thoughts of Dr. B.R. Ambedkar on the Indian economy and society from a theoretical perspective. Keywords: Caste, Society, Dalits, Economics, Sociology, Political Rights, Poverty, Unemployment, Currency, Indian Rupee, Independent Labour Party and Financial Reforms. INTRODUCTION One of India's most revered and cherished sons, particularly among those from marginalised groups, is Babasaheb Ambedkar. It is commonly recognised that Babasaheb played a significant role in the creation of the Indian constitution. It is quite unfortunate and upsetting that Dr. B. R. Ambedkar's identity has been reduced to that of merely a "Dalit leader" in the mainstream discourse, which is heavily influenced by Brahminism. This idea that Dr. Ambedkar is a "Dalit leader" in society is an intentional effort to obscure his significant contributions to economics, law, sociology, anthropology, philosophy, history, political science, and a plethora of other fields. He was an Indian polymath with knowledge in law, economics, sociology, journalism, politics, and social reform, and he devoted his whole life to advancing the social, economic, and political rights of the society's marginalised groups—discriminated against mostly on the basis of caste. The theories of Dr. B. R. Ambedkar in the domains of political science, human rights, sociology, and philosophy are, at least in part, regaining mainstream acceptance after years of marginalisation. Anti-caste societies like Round Table India, The Satyashodhak, Velivada, Forward Press, and others make sincere attempts to publicise Dr. B. R. Ambedkar's contributions to a variety of sectors. Despite this, Ambedkar's contributions to economics are still largely ignored. This essay is a modest effort on my part to continue Dr. B. R. Ambedkar's important contributions to economics. Ambedkar's distinguished career began as an economist. He received a doctorate in economics from Columbia University in the US and a doctor of science (DSc) from the London School of Economics for his economics research in 1921. He was an educated economist who had the rare opportunity to study at some of the best institutions in the world. Ambedkar was