20 September, 2020

A Bit Of This, That And Economics

Too many economists may spoil the policy broth, but they produce a good economic encyclopaedia

A Bit Of This, That And Economics
outlookindia.com
-0001-11-30T00:00:00+05:53
I must begin with a confession or two. This 600-page encyclopaedic volume would have had 203 contributors, rather than 202, if I had not reneged on my commitment to send in an entry. This review is, therefore, an atonement for that act of laziness. Confession two: the editor and many contributors are good friends, and two are in fact close relatives!

For both these reasons I tried hard to decline Outlook’s invitation to review this volume. But a persistent books editor wouldn’t let me be. I can understand why. It would be difficult to find a reviewer for this volume: its list of 202 contributors reads like a who’s who of commentators on the Indian economy.

This volume is unique because the editor has succeeded in persuading some very prominent actors on the Indian economic stage to stand aside and write about things they do, people they know, or what is happening. So we have Ratan Tata writing about the House of Tatas and Narayana Murthy writing on software exports. Amartya Sen has penned an entry on democracy and social welfare,...

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