Hayek Order

Wednesday, July 10, 2013

Bhagwati vs Sen

"The solutions also differ. Bhagwati has been a strong votary of free markets, and was a critic of Indian economic policy as far back as 1969. Sen is more statist in comparison. Bhagwati argues that India needs reforms to push growth. Sen believes growth is meaningless without government spending on human capabilities."

"If there is a tension, even contradiction, between Sen, the academic and Sen, the advocate, this government might, in the twilight of its tenure, do well to ask itself: did we draw our inspiration from, and put faith in, the wrong Sen?"
Chandra at 10:12 AM

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