About Ravi Batra
Raveendra Nath "Ravi" Batra is an Indian-American economist, author, and professor at Southern Methodist University. Batra is the author of six bestselling books, two of which appeared on The New York Times Best Seller list, with one reaching No. 1 in late 1987. His books center on his idea that financial capitalism breeds excessive inequality and political corruption, which inevitably succumbs to financial crisis and economic depression. In his works, Batra proposes an equitable distribution system known as Progressive Utilization Theory (PROUT) as a means to not only ensure material welfare but also to secure the ability of all to develop a full personality. Batra's reputation rose in Europe on account of his correct prediction for the downfall of communism when he was awarded the Medal of the Italian Senate in 1990. In 1984, he penned what was to become his first bestseller, first under the title Regular Cycles of Money, Inflation, Regulation and Depressions. In 1993, Batra published The Myth of Free Trade: The Pooring of America in which he argued that free trade has enabled the rich to become richer but most people became poorer.
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