Book Review: India - WSJ.com:
"Mr. French depicts the country's economic journey rather well by focusing on the figure of P.C. Mahalanobis, a statistician who was given a large say in running the economy, beginning in the 1950s, by Prime Minister Jawaharlal Nehru. Mr. French's Mahalanobis is at times a caricature of a rather complex and brilliant man, as is the author's caustic characterization of the Nehruvian economy. (It is by no means certain that liberalization would have met with the sort of success it now enjoys if it had been introduced in the 1960s.) But he has done a good job of detailing the statistical delusions that drove the Indian planned economy."
No comments:
Post a Comment