By Dhurjati Mukherjee
Prof. Meghnad Desai, the well-known economist has made an insightful observation that economics as a subject lost its concern for the poor somewhere along the way in his recent book titled‘The Poverty of Political Economy: How Economists Abandoned The Poor’. It has been pointed out that the Smithian concern for the greater good was lost long back during David Ricardo’s works where the value of a good was determined by production and not by exchange. It was during this time that economics started losing its concern for the poor.
Desai referred to a Cambridge economist, Prof. Arthur C. […]
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