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The K. K. Dewett Memorial Lectures were instituted by the University of Bombay in 1958, and consist of a series of lectures on Modern Economic Theory delivered at the end-year session each November to commemorate the work and memory of Sir K.K. Dewett, who served as Vice Chancellor for many years. Recent topics covered include: The lecture is open to all members of the university community and other invited guests; attendance is free but limited. For details please visit: https://wwws.dukeupress. edu/dl/html/journals-and-conferences/the-scholarly-papers-series , and the "Dept. of Economics, University of Mumbai"Chair: Prof. Subhash C. KashyapThe K. K. Dewett Memorial Lectures Series was started in 1958 by the University of Bombay to commemorate the memory and work of Sir K Dewett (Professor 1935–1958, vice chancellor 1919–1935), who served as vice chancellor 1919–1935 and was a distinguished economist and administrator in India and abroad. The development of a modern research-oriented Department of Economics at the University was largely due to his vision and energy. The lectures begin with Professor Eveline M. Burns in 1961. In the lecture she pointed out that "the discipline of economics is in a state of flux with new ideas being produced at an ever increasing rate. A new generation of economists requires a new syllabus" [1] In 1962, Prof. Eveline M. Burns, "Professor emeritus of economics," gave a series of three lectures in which she discussed the future directions for economic theory in India, areas in which mores detailed studies can be done and concludes with a discussion on the economic role of the State [1]. In 1963, Dr. P.K. Bhattacharya gave a lecture on "Development of the theory of income taxation in India" [1]. In his lecture he discussed the various areas of research in this field and also indicated which areas require more work and how the Government was making efforts to support these areas of research. He also discussed problems that could arise from the use tax revenue as a substitute for income tax revenue, an area that can pose difficulties both from practical as well as theoretical points of view. In 1963 Professor Dyson Heydon delivered a lecture on "The present state of economic thought in India" [1]. In this lecture he discussed the present state of economic thought in India and gave a historical summary of the development of economic thought in India. The lecture also discussed the future directions for economic thinking in India and efforts made by government to support research work in economics. In 1966, Dr. D. C. Mahajan delivered a lecture on "Financial Sector Issues" [1]. In this lecture he discussed issues concerning financial markets from a theoretical point of view and also from a practical point of view. He also traced the history of bank failures since 1920 with special reference to Indian experience. He concluded his lecture by suggesting measures that could be taken to minimize chances of failure in financial markets, especially bank failures. cfa1e77820