Like last year in September, I am once again in Bangalore. Once again I am going to be speaking at Infosys on Wednesday. This week’s presentation (not yet composed) will be on the relationship between positive rights, freedom and prosperity. These are some of my thoughts related to last year’s presentation.
Robert Lucas Jr, Nobel laureate pondered India’s lack of economic prosperity and asked, “Is there some action a government of India could take that would lead the Indian economy to grow . . . ? If so, what exactly? If not, what is it about the “nature of India” that makes it so? The consequences for human welfare involved in questions like these are simply staggering: once one starts to think about them, it is hard to think about anything else.”
Source: On the Mechanics of Economic Development. Journal of Monetary Economics. July 1988. Read more at the Library of Economics and Liberty.