| Diversity,
Space, Learning, Regionalism : Notes and
Reflection |
| Norman
Girvan |
|
| This
concept note raises objections against the
neo-liberal thinking that there can be a
single over-arching explanation of the way
all economies work and a single prescriptive
principle for good policies in time and
place. It suggests that development paradigm
should recognise diversity of circumstances,
provide space for policy experimentation,
and validate learning as integral to development. |
|
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| On
the Concept of Efficiency |
| Prabhat
Patnaik |
|
| The
concept of efficiency, as commonly used,
is flawed. The neo-classical prescriptions
for promoting efficiency are based on the
assumption that the economy spontaneously
achieves full employment of all resources.
More often than not the private and the
public sectors produce dissimilar goods.
Besides the need for improving the 'efficiency'
of production, which says nothing at all
about income distribution, lacks any theoretical
rationale. |
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