"After a day’s work on the farm or in the factory, ambitious young villagers might spend a night in the virtual stacks—becoming 21st century Abe Lincolns or Bhimrao Ambedkars."
Arvind Panagariya, who let fly in a subsequent interview. "I often say in jest that serious economists are handicapped in policy debates in India because their opponents feel entitled not only to their arguments but their own facts as well! And here I was facing the same from Sen!
"I think it's a stupid argument of not selling the stock wheat at a discounted price. You have already bought the stuff, if you don't sell it, you will have to pay for stocking it and that stocking cost itself is Rs 3-5 per kg so if you don't pay the Rs 3-5 kg discount you are a stupid chap."
Arvind Panagariya, who let fly in a subsequent interview. "I often say in jest that serious economists are handicapped in policy debates in India because their opponents feel entitled not only to their arguments but their own facts as well! And here I was facing the same from Sen!
"I think it's a stupid argument of not selling the stock wheat at a discounted price. You have already bought the stuff, if you don't sell it, you will have to pay for stocking it and that stocking cost itself is Rs 3-5 per kg so if you don't pay the Rs 3-5 kg discount you are a stupid chap."
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