Wednesday, August 20, 2014
  1. India’s East Asian Dream

    Sanjeev Sanyal

    India’s East Asian Dream

    2

     asks how Prime Minister Narendra Modi can realize his comprehensive economic-policy vision.

    India Taj Mahal sandeepachetan/Flickr

    Since 1991, India has been slowly changing its policy framework away from the socialist vision of its first prime minister, Jawaharlal Nehru. But now, despite significant obstacles and risks, Prime Minister Narendra Modi has articulated an explicit economic-growth model that would enable India to overcome Nehru's legacy. READ MORE

  2. Bridges to Somewhere

    Laura Tyson

    Bridges to Somewhere

    5

     makes the economic and fiscal case for higher US infrastructure spending.

    I-5 Skagit River Bridge Collapse WSDOT/Flickr

    Most economists agree that underinvesting in infrastructure is economically unwise and fiscally irresponsible. By that standard, the US, where the federal Highway Transportation Fund is near bankruptcy, has been both reckless and feckless. READ MORE

  3. The Subsidy Trap

    Jeffrey Frankel
  4. The Perils of Economic Consensus

    Dani Rodrik

    The Perils of Economic Consensus

    9

     warns that agreement among economists can create an illusion of certain knowledge.

    Barack Obama signiture UPPA/ZumaPress

    Disagreements among economists reflect the fact that their discipline comprises a diverse collection of models, and that matching reality to model is an imperfect science. It is better for the public to be exposed to this uncertainty than for it to be lulled into a false sense of security based on the appearance of certain knowledge. READ MORE

  5. When Fewer Is Better

    Adair Turner

    When Fewer Is Better

    9

     makes the economic case for demographic stabilization.

    Crossing Street New York City Iain Browne/Flickr

    Judging by the lamentations of economists and policymakers in the advanced economies, where people are living longer and birth rates have fallen below replacement levels, one might think that a shrinking population is a bad thing. In fact, the benefits of demographic stability – or even decline – outweigh any adverse effects. READ MORE

Face-Off

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290 pages
290 pages

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