Try GOLD - Free
RETHINKING THE PURPOSE OF ECONOMIC POLICY
Mint Bangalore
|December 24, 2024
The purpose of economic growth must be to improve the ease of earning and living for all
enterprises prevailed over socialism, and communism was buried. Economic science in its present state cannot provide solutions for problems it has unwittingly caused. Benefits of growth are not flowing down quickly enough to nourish society equitably. Movements from the Left and the Right are rising to challenge neo-liberal ideology. Liberals are alarmed by the rise of authoritarian governments and demands for local jobs and self-reliance even in the US. New models of economic growth are required, which do not exploit nature, and improve the distribution of well-being and equitable opportunities for all citizens, not just increase GDP.
Reforming economic policies: Problems caused by lopsided economic growth cannot be solved with the same economics that has caused it. Before pressing for more reforms, economists should reconsider some fundamentals for good public policies.
This story is from the December 24, 2024 edition of Mint Bangalore.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Bangalore
Mint Bangalore
Tariff to cross-subsidy: Govt plans big power reform push
The power ministry has proposed a slew of reforms in the sector through a draft of amendments to the Electricity Bill, 2003. Among key proposals is giving more teeth to state electricity regulatory commissions to fix tariffs on their own and ending cross-subsidies.
1 mins
October 11, 2025
Mint Bangalore
Microsoft rules to secure key services
Three months after Microsoft abruptly suspended Nayara Energy’s communications and digital services, the US tech giant on Friday unveiled new protocols and set up a coordinating body in India to prevent future disruptions of critical operations.
1 min
October 11, 2025
Mint Bangalore
Advanced 5G roaming from Jio, T-Mobile soon
Specialised plans may include a dedicated gaming 5G plan.
1 mins
October 11, 2025
Mint Bangalore
A medium of paradox: Gill
Even before the advent of Al and digital image manipulation, the authenticity of photographs could be suspect.
3 mins
October 11, 2025
Mint Bangalore
Norms for hazardous chemicals tightened
The government has overhauled more than four-decade-old safety codes that govern the production, handling, and storage of hazardous chemicals, as it seeks to bolster industrial safety and prevent chemical-related mishaps in India.
1 min
October 11, 2025
Mint Bangalore
SP Group pushes for Tata Sons IPO, invokes Jamsetji
FROM PAGE 16
2 mins
October 11, 2025
Mint Bangalore
Jindal Stainless bets on green energy to protect EU exports
Nearly 65% of the ₹700-800 cr investment will be towards power purchase pacts, says MD
2 mins
October 11, 2025
Mint Bangalore
Investors aren't too excited about TCS's biggest bet
“We are on a journey to become the world’s largest artificial intelligence (AI)-led technology services company,” said Tata Consultancy Services (TCS) Ltd’s chief executive K. Krithivasan in prepared remarks on Thursday after announcing it will spend over $6 billion in about six years to set up data centres.
2 mins
October 11, 2025
Mint Bangalore
Arsenal's time might be this season: Michael Owen
The former England and Liverpool player on how the game has changed, Premier League predictions, and the Ballon d'Or
5 mins
October 11, 2025
Mint Bangalore
Global chefs take back flavours from India
Chefs visiting India are taking back ideas, ingredients, flavours and techniques to infuse into their own dishes back home
4 mins
October 11, 2025
Listen
Translate
Change font size