Amartya Sen & Jean Drèze Are Left Heroes But It Would Be Wrong To Call Them Simple Statists

November 08 , 2019

History overtook intellectual fashions. The Berlin Wall fell, the Soviet Union collapsed and India was faced with multiple crises characterized by high inflation, low growth, dwindling foreign trade and an impossible balance of payments situation. Willy-nilly, India adopted some aspects of so-called neo-liberalism – lower tariffs, fiscal discipline, elimination of an anti-export bias and so on – even if only in a half-hearted manner.

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