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What good are economists, anyway?


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Tamal Basu
Economists
by Tamal Basu on Apr 21, 2009 01:39 PM

What do you you say about great economist trio, Manmohan Singh, Chidambaram and Montek Singh Aluwaliah who were supposed to usher India to a great future. Even 3 months ago they were shouting that GDP will grow to 8-9% when today RBI declared it to be around 6% for 08-09.The only beneficiary are govt and PSU employees whose salary are raised through roof and politicians anticipating such high growth forever when crores of people having no job and salary cut.Are they economists or political jokers? Let us get rid of such economist jokers and select someone who does not speak jargons in business channels having no idea about actual situation. Otherwise we may see another pay commission in next 3 months.

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mrjoko
Economists
by mrjoko on Apr 21, 2009 01:39 PM

We don't know any thing what economists know.

But surely, when price of a flat doubles in span of few months, we know that end users are not in buying spree.

If growth in economy is only 10%, 200% growth in stock markets should be scary.

Is is rocket science to understand so much!

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sivashankar TP
Re: Online Legitimate Part Time Job Involves typing online forms.
by sivashankar TP on Apr 21, 2009 01:47 PM
when will rediff stop users from using these forums for their referral marketings advertisements?
=guddu ??

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Rajendra
Economists
by Rajendra on Apr 21, 2009 01:32 PM  | Hide replies

Last year Feb, I was attending company sponsored management training and the faculty from Symbiosis told us: wait for Oct-08 and skeletons will start trembling from closet, remove your deposits from Citi and ICICI, they may not be there tomorrow. Though worst didn't happen to ICICI, citi would have been shutdown without TARP. This made me feel that our people are more knowledgeable but not assertive, they should take initiative to drive this greedy world to prosperous world with the tinge of philosophy.

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paloalto
Re: Economists
by paloalto on Apr 21, 2009 01:38 PM

its too late; wait till unified world currency and chips embedded into human beings come into place; try changing yourself because you can change your destiny not the worlds; its on a one way ticket to the m(d)oom.

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Vikram Cavale
Re: Economists
by Vikram Cavale on Apr 21, 2009 02:21 PM
Not "tinge" of philosophy Rajendra, lots of it is needed currently. Only then we can acvhieve all inclusive growth. And we have enough meaningful philosophers on our gr8 land form the past whose teachings we can lean on. Human values need to be stressed, greed needs to be removed big time from the society.

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kieran dsouza
who said they are good
by kieran dsouza on Apr 21, 2009 01:13 PM

who said they are good. They are absolutely useless. Along with Chartered accountants, lawyers, and babus and politicians.

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kingfisher
who are economists
by kingfisher on Apr 21, 2009 01:11 PM

Economists are those indispensable souls who lift thousands of people out of poverty after drowning millions of them in it.

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