Archive for March 14th, 2012

How BRIC economies differ in their development financing philosophy?

March 14, 2012

A nice paper from Nkunde Mwase and Yongzheng Yang of IMF. I had just pointed to a paper on how Indian economy spillover to South Asia. This one is more about India’s development financing (along with three BRIC economies) to low-income regions mainly its neighbours in South Asia.

The authors say BRIC economies differ from OECD economies’ Development Assistance Committee framework in 3 ways:

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Economists “are like highly trained athletes who never run a race”…

March 14, 2012

Amazing words on economists by Paul Samuelson.

I picked these words from this article by Assar Lindbeck on European Economics (which in turn was picked up from this post on State of Phd Program in Europe). Lindbeck wrote this piece in 2001 but still seems so true.

In a very brief note he says how European economics and research departments nearly disappeared in 1930s and 1940s thanks to evil political forces. He reflects how he saw top European brains teaching in US univs:

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