Professor M.G Kanbur was among the generation of Indian economists who first used quantitative mathematical and econometric methods to analyze the economy of India and other developing countries. His Ph.D at the University of Birmingham, UK, was on spatial econometrics methods applied to the rice economy of South India. He was also a close associate of Professor K.N. Raj. He was one of the first economists that Professor Raj invited to visit CDS. He became a regular visitor to the Centre during its early founding days and always spoke warmly of his association with CDS.
The M.G. Kanbur prize is based on annual returns from the M.G. Kanbur Endowment instituted at the Centre by his son, Professor Ravi Kanbur, Professor of Economics, Cornell University, USA with an initial corpus of Rs 5 lakhs. The prize is awarded to the best performer in the quantitative courses of the MA (Applied Economics) programme.
M G Kanbur