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POLITICS NEEDS ECONOMICS - OrissaPOST
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POLITICS NEEDS ECONOMICS - OrissaPOST
By Kaushik Basu During the seven years I served as chief economic adviser to the government of India and as chief economist at the World Bank, I came to appreciate what a strange discipline economics is. Parts of it amount to little more than organised common sense, which is why political leaders with no formal training can sometimes make policy decisions every bit as sound as those of professional experts. Yet other parts are as precise as engi…
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