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Deepak (Kumar) Lal (born 1940) is a British economist. He is the James S. Coleman Professor Emeritus of International Development Studies at the University of California at Los Angeles, professor emeritus of political economy at University College London, and a senior fellow at the Cato Institute. He was a member of the Indian Foreign Service (1963-66) and has served as a consultant to the Indian Planning Commission, the World Bank, the Organization for Economic Cooperation and Development, various UN agencies, South Korea, and Sri Lanka. From 1984 to 1987 he was research administrator at the World Bank.

Lal served as President of the Mont Pelerin Society from 2008 to 2010, and currently serves as Senior Vice President.

Deepak Lal received honorary doctorates from the Paul Cezanne University in Aix-en-Provence, France in 2002 and the Pontifica Universidad Catolica del Peru in Lima, Peru in 2010. In 2007, he received the Italian Societa Libers’s International Freedom Prize for Economics.

Lal is the author of a number of books, including The Poverty of Development Economics; The Hindu Equilibrium; Against Dirigisme; The Political Economy of Poverty, Equity and Growth; Unintended Consequences: The Impact of Factor Endowments, Culture, and Politics on Long-Run Economic Performance; and Reviving the Invisible Hand: The Case for Classical Liberalism in the 21st Century.