Tuesday, August 22, 2017 Text is available under the CC BY-SA 3.0 licence.

Robert Lucas Jr.


American economist at the University of Chicago.
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Robert Lucas Jr.
I do not see how one can look at figures like these without seeing them representing possibilities. Is there some action a government of India could take that would lead the Indian economy to grow like Indonesia's or Egypt's? If so, what exactly? If not, what is it about the "nature of India" that makes it so? The consequences for human welfare involved in questions like these are simply staggering: once one starts to think about them, it is hard to think about anything else.
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