Comments on: Economics Webinar with CEPR and Dean Baker http://www.ruthgroup.org/2008/11/24/economics-webinar-with-cepr-and-dean-baker/ Reclaiming American Democracy Thu, 26 Aug 2010 19:39:05 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Dr. R. Shashi Kumar http://www.ruthgroup.org/2008/11/24/economics-webinar-with-cepr-and-dean-baker/comment-page-1/#comment-62304 Dr. R. Shashi Kumar Tue, 16 Dec 2008 03:06:12 +0000 http://www.ruthgroup.org/2008/11/24/economics-webinar-with-cepr-and-dean-baker/#comment-62304 We have been speaking of effects; but not digging about what has happened for all these problems. The classic case of misfortune is represented by the disguised inflation. The prolonged inflation even of the moderate sort has not been controlled by the government. On the otehr hand, it is also too much money supply that hampered the inflation. This crisis has demonstrated that the problem of housing is not only related to developing and less developed countries, but also to developed countries. Furthermore, it is a comprehension that governments always look for non-developmental activities like war, share-market etc., neglecting the poor and pro-poor policies. It's not the construction of houses that matters more, instead, the construction of human relationships. Secondly, to overcome from these problems, it is only the changes in priority of investment and consumption pattern are very important. Stability in prices, full employment (as Keynes mentioned during 1930's) and creatin of demand are ideal for recovery of the economy. 'Planning' is the only yardstick (the 'magic stick')for promotion of growth. Most of the underedeveloped and developing countries have not been facing with the problems related to economic issues is mainly because of their utter belief in keeping the 'planning' as a permanent instrument. Let the developed countries learn from their counterparts of both developing and underdeveloped countries about management of economy. We have been speaking of effects; but not digging about what has happened for all these problems. The classic case of misfortune is represented by the disguised inflation. The prolonged inflation even of the moderate sort has not been controlled by the government. On the otehr hand, it is also too much money supply that hampered the inflation. This crisis has demonstrated that the problem of housing is not only related to developing and less developed countries, but also to developed countries. Furthermore, it is a comprehension that governments always look for non-developmental activities like war, share-market etc., neglecting the poor and pro-poor policies. It’s not the construction of houses that matters more, instead, the construction of human relationships.

Secondly, to overcome from these problems, it is only the changes in priority of investment and consumption pattern are very important. Stability in prices, full employment (as Keynes mentioned during 1930′s) and creatin of demand are ideal for recovery of the economy. ‘Planning’ is the only yardstick (the ‘magic stick’)for promotion of growth. Most of the underedeveloped and developing countries have not been facing with the problems related to economic issues is mainly because of their utter belief in keeping the ‘planning’ as a permanent instrument. Let the developed countries learn from their counterparts of both developing and underdeveloped countries about management of economy.

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