We just got published the book that my maternal Grand Father wrote and first published in 1952. The book is now in its 15th edition.

My grandfather authored this book in 1952, when he was 35 years of age and working as a civil engineer with UP Irrigation Department. The book was one of the first ones to attempt an introduction of economic principles to engineering students.

The book has a very strong legacy on the family front:

a) The original and subsequent early editions of the book were typed or hand written by my grand father in the evenings, when he returned from work. It took away a large part of my mother and her siblings father time.  My mother still remembers the publisher (Mr. Nem Chand) coming on his cycle to collect the book chapters which my grand father had finished typing out or writing in long hand the night before. We lost Shru Nem Chand in 2019.

b) As my mother shares, the royalty from the book has a huge role to play in marriage arrangements of my parents, way back in 1964.

c) My grandfather had just finished revisions for the fourteenth edition of the book, when he expired in 2002. Mr. V.K.Aggarwal, son of Shri Tara Chand took the challenge of revising the book after his death.  It took us 5 years to get the 14th edition of the book published.

d) In 2007, I contributed a chapter to the book — Liberalization, Privatization and Globalization.

e)  In the 2014, my father was working on the next edition of the book, when he expired.

f) In this edition

a) I contribute another chapter titled ” Public-private partnerships”

b) My younger brother Prof.(Dr.) Sachin Garg contributes a chapter on “Big Data and Engineering Economics”

c) My son, Ms. Shaaranya Garg (Age 13 years) designed the cover.

The book is truly a family tradition, taken forward by the family…..

The table of contents of the book is as below…

	Part 1: Fundamentals of Engineering Economics
1	Definition and Development of Economic Life
2	Fundamental Concepts of Economics
3	Agents of Production
4	Forms of Business Organization
5	Money and Exchange
6	Banking
7	Rent: interest and Profit
8	Taxation and Insurance
9	Methods of Financing and Valuation
10	Estimating and Cost Accounting
11	Depreciation
12	Book Keeping and Accounts
13	Trade of India
	Part 2: Fundamentals of Industrial Engineering
14	Factor of Production: Labor Wages and Trade Unions
15	Agriculture: Marketing and Cooperative Farming
16	Industrial Psychology
17	General outline of Government
18	State Controlled Planning of the Economy (Previously India’s Five year Plans)
19	Industrial Law
20	Workman compensation
21	Indian Electricity Act : 2013
22	Controls: statistics and charts
23	Contracts and Arbitration
	Part 3: Emerging Trends
24	Liberalization: Privatization and Globalization
25	Public-private Partnerships: An introduction
26	Big Data and Engineering economics

Engineering Economics 15E_1