I am sitting here at an internet booth in a small town (forrmerly a Portuguese a settlement north of Kolkata) being bitten by mosquitos! Next week, among other things, I have a presentation at Amiya Kumar Bagchi's institute in the city. He is one of those early (left) critics of IMF policy but few people actually acknowledge his views (even Stiglitz, although he is quite mainstream in the end).
Cheers, Anthony On 1/5/09, raghu <[email protected]> wrote: > > On Sat, Jan 3, 2009 at 6:21 PM, Julio Huato <[email protected]> wrote: > >> If my memory helps, the paper on the lack of growth effects of foreign >> aid that the WSJ note reports on is a paper that Rajan presented in >> Boston, at the 2006 AEA annual meeting. Rajan shared a panel with >> other "young stars" (Easterly, Acemoglu, Aghion, and Torsten Persson >> come to my mind). He stood out in the discussion. I was surprised by >> how critical he was of the traditional IMF policies, even though he >> was representing the IMF. (Easterly was bitching about the historical >> performance of the World Bank, but he had already left it to join >> NYU.) Rajan brandished some econometrics showing that workers' >> remittances beat official aid at inducing growth in poor economies. >> > > > No disrespect to my better known cousin (not really my cousin, but we > Indian Brahmins are a pretty inbred group so who knows?) but there are > dozens of economists who have been saying the same things (at least re: > financial instability, maybe less so about IMF aid flows). The fact that > Rajan is making news reflects mainly on the intellectual bankruptcy of the > majority of mainstream economists.. > -raghu. > > > -- > Did you hear about the dyslexic Satanist? He sold his soul to Santa. > > > > > > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > > -- xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Anthony P. D'Costa Professor of Indian Studies Asia Research Centre Copenhagen Business School Porcelænshaven 24, 3 DK-2000 Frederiksberg, Denmark Email:[email protected] Ph: +45 3815 2572 Fax: +45 3815 2500 PhD in INDIAN STUDIES WEBSITE http://frontpage.cbs.dk/jobs/stil.pl?func=details&id=1147 http://uk.cbs.dk/arc www.cbs.dk/india xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
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