Economics of populism
Populism may be an inherent part of democracy, but one must be wary of opportunism. I review the book, 'Can India grow without Bharat?' by Shankar Acharya, one of India's leading economic policy maker. This was published in the Financial Express , on 15 April 2007, under the title " The Economics of populism ". Can India grow without Bharat, asks Shankar Acharya in the title of his new book. Whether you are a politician or an economist, the answer to that question is almost always a no. So what is it the economist wants to bring out in this book? Acharya had served as the chief economist advisor to the government of India for seven long years between 1993 and 2000. Unusually, he served four prime ministers in four different political formations during this period getting a ringside view of politics of economic decisions. Here he brings together 33 short essays, written between late 2003 and 2006. These essays cover a range of issues from macro economic policies, ...