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Prof. Roy's monograph



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a) Prof Roy states:

>>To put it differently, I have arrived at a rule that when the Left is in
>>power, the academic economist, if he or she wishes to stay honest,  needs
>to
>>be on the Right, and when the Right is in power, the academic economist
>>needs to be on the Left... at the moment, the latter condition seems to
>>prevail...

It is a very sad commentary on our economists that they need to study the
truth of economics in relation to the political environment of the moment.
I do NOT subscribe to such a view. I hope this was a joke, Prof. Roy.

b) He also said:

>>I do not see for example why rich Indians in Delhi or Bombay or America
>>should have such close access to Government economic policy as they have
>>been given... nor why their industries or their children should receive a
>>paisa in Government subsidies...

This emanates from our socialist and corrupt democracy. I will try to place
Machiavelli's Prince shortly on the IPI web site.

c) >>(P.. S.  I am also of course surprised how many great Indian economists
>>and/or bureaucrats from whom not a whisper could be heard against
>>totalitarianism before the fall of the Berlin Wall, have now become the
>>champions of liberty, marching right there beside Lincoln and
>>Jefferson...... )

Whom do you refer to, and WHY do you bother AT ALL about these jokers? Why
do you call these jokers "great"? Who told you that such folk are entitled
to be called great? Why do you expect bureaucrats to speak out anyway? You
forget the crazy system in which they work where they are penalized for
speaking out ...

Why can WE not work together to DO something about this mess? I claim: DO
NOT look at the existing structure of power. CREATE one that is best for
your nation. Why can our economists not CHANGE India? Why are they so
impotent? Tell me that. Let us create our own destiny or shut our mouth. 

Sorry about this unintended mail. I could not resist, and my fingers and
hands were a little less painful today morning.

At 08:32 PM 03/22/2000 +0530, Prof. Roy sent in this:

>>>>Also please covey our thanks to Dr Roy for sharing the article and we
>>>have sent the soft copy to all the probationers in the Academy and would
>>>link the IPI site to facilitate further exploring the policy debates.
>>>
>>>Regards
>>>Yaduvendra Mathur
>>
>>Dr Sabhlok, Mr. Tiwari, Mr. Mathur and others are being very generous with
>>their words.  I have to say that what I wrote was written >>between the
>ages
>>of 22 and 27 while I was at Cambridge working under F. H.Hahn, and later in
>>Virginia with James Buchanan.  It was published when I was 29; and it had
>>its impact... there was lead editorial in The Times of London on it May 29
>>1984, which went to such excesses that I had to reply June 16 1984...   I
>am
>>much older now....perhaps somewhat wiser...
>>
>>To put it differently, I have arrived at a rule that when the Left is in
>>power, the academic economist, if he or she wishes to stay honest,  needs
>to
>>be on the Right, and when the Right is in power, the academic economist
>>needs to be on the Left... at the moment, the latter condition seems to
>>prevail...
>>
>>I do not see for example why rich Indians in Delhi or Bombay or America
>>should have such close access to Government economic policy as they have
>>been given... nor why their industries or their children should receive a
>>paisa in Government subsidies...
>>
>>Subroto Roy
>>
>>(P.. S.  I am also of course surprised how many great Indian economists
>>and/or bureaucrats from whom not a whisper could be heard against
>>totalitarianism before the fall of the Berlin Wall, have now become the
>>champions of liberty, marching right there beside Lincoln and
>>Jefferson...... )
>>
>>
>>>
>>>
>>>--------------------------------------------------------------------------
>>>This is the National Debate on System Reform.       debate@indiapolicy.org
>>>Rules, Procedures, Archives:            http://www.indiapolicy.org/debate/
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>>>
>>
>
>

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This is the National Debate on System Reform.       debate@indiapolicy.org
Rules, Procedures, Archives:            http://www.indiapolicy.org/debate/
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