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Monthly Archives: August 2010
The Manufacturing Fallacy
NEW YORK – Economists long ago put to rest the error that Adam Smith made when he argued that manufacturing should be given primacy in a country’s economy. Indeed, in Book II of The Wealth of Nations, Smith condemned as … Continue reading
Posted in Economics
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Expanding India’s Expertise
Recently, Sanjaya Baru, the Prime Minister’s former Press Secretary, sounded the alarm over how many of the Indian think-tanks were now dependent on foreign public and private institutions — the World Bank, DFID (UK), Oxfam and many others — for … Continue reading
Posted in Economics, Politics, Trade
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Affirming the Freedom of Expression
The following should be read alongside the blog entry on Obama’s speech in Cairo, where Professor Bhagwati criticizes Obama for not appealing to the tolerant tradition within Islam itself, especially in Andalusian Spain, noting that intolerance was in fact introduced … Continue reading
Posted in General
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‘Made in America’ is not the way out of this crisis
President Barack Obama, addressing car workers recently at a GM plant in Michigan, defended his administration’s motor industry bail-out, saying that it had rescued “the heart and soul” of American manufacturing, that “has been a symbol of our economic power”. … Continue reading
Posted in Trade
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