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The Limits of Economic Policy

In: Essays in Economic Policy and Economic Growth

Author

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  • I. G. Patel

    (London School of Economics and Political Science)

Abstract

I should perhaps explain at the outset that my remarks are prompted by two facts which do not quite fit together. Economists in India have travelled very far indeed in the recent past. When Sir Theodore Gregory started his Office of the Economic Adviser to the Government of India in 1938 he was assisted by only two economists. Today the Indian Economic Service has 259 members. Teachers of economics in our universities enjoy a degree of esteem, publicity and financial support which is the envy of their colleagues in other departments. And yet there are a great many among our fraternity whose attitude towards issues of economic policy is one of indifference or scepticism. Even in our more exuberant moods, we often bring to our profession an air of unreality or controversy which is hardly calculated to sustain the present boom in the demand for our skills.

Suggested Citation

  • I. G. Patel, 1986. "The Limits of Economic Policy," Palgrave Macmillan Books, in: Essays in Economic Policy and Economic Growth, chapter 1, pages 17-34, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-18358-6_2
    DOI: 10.1007/978-1-349-18358-6_2
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