Monthly Archives: August 2010

August 31, 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 | 2 Comments
August 24, 2010

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 | 2 Comments
August 11, 2010

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 | Leave a comment
August 10, 2010

‘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 | 2 Comments