Joan Robinson (aged 18)
or Jagdish Bhagwati?
I know, right? It's got to be the big bad Bhagwati- especially in light of this...
"Joan Robinson, was once observed many years ago agreeing with the mainstream Yale developmental economist Gus Ranis on the subject of Korea’s phenomenal growth. The paradox was resolved when it turned out that she was talking about North Korea and he about South Korea. "
The problem with the invisible hand is that it debilitates the visible hand which is bad coz people need to be slapped silly from time to time to save morality, or the purity of the race, or stop the homos bumping uglies, etc.
India in the 50's and 60's was about having a stronger visible hand- screw the invisible hand job- so that's why we went that way. Have things really changed? Yes- coz billionaires can now run stuff from London. So that's all right then.
I know, right? It's got to be the big bad Bhagwati- especially in light of this...
"Joan Robinson, was once observed many years ago agreeing with the mainstream Yale developmental economist Gus Ranis on the subject of Korea’s phenomenal growth. The paradox was resolved when it turned out that she was talking about North Korea and he about South Korea. "
The problem with the invisible hand is that it debilitates the visible hand which is bad coz people need to be slapped silly from time to time to save morality, or the purity of the race, or stop the homos bumping uglies, etc.
India in the 50's and 60's was about having a stronger visible hand- screw the invisible hand job- so that's why we went that way. Have things really changed? Yes- coz billionaires can now run stuff from London. So that's all right then.
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