Thursday, August 12, 2010

Political Economics

31.07.2010
Mysore
Professor S Radhakrishnan spoke on Indian Economy— an overview. I liked his speech. A gist of a part of the speech is given below:

We are not living in an Indian economy. We are living in an Indian Political Economy. Economic measures are being controlled by political interests. Economics says we have to do this; politics says if you do this you will lose the elections. Politics wins. Dr. Radhakrishnan says economic policy should not be dictated by political compulsions. I agree.

1 comment:

indrajit said...

The great social reformer Mahatma Gandhi (i regard him more as a social reformer than a leader) dreamt of "Ram Rajya" in India....

Certain politicians have degraded the system so badly that it has now become an epitome of corruption, nepotism and populist measures...

Politics should be "Raj Dharma" , it's utopian...

Can we make it possible?


Murudeeshwar