Wrong choice of words can create big news: Arvind Panagariya


Economy in words

This refers to the report “Wrong choice of words can create big news: Panagariya” (April 28). In Malayalam there is a saying that ‘four men may agree, but no two women will agree’, but that was the position long back! Remembered when thought of a situation now when “four politicians may agree, but no two economists will have the same view”.
Otherwise, how one can explain the following:
a)     Post-Demonetization observations by Manmohan Singh, Amartya Sen, Raghuram Rajan, Dr Y V Reddy and Arvind Subramanian, some of  which were made controversial later.
b)    Positions now being taken by members of NITI Aayog on agricultural income. What’s wrong in having a debate on managing country’s resources? How long real issues can be swept under the carpet, just because they are politically sensitive?
Caution about choice of words coming from celebrity economists may stifle open healthydebates on current issues. After all, did we not accommodate two consecutive Economic Surveys which fancied into unchartered territories while talking about resources management?

M G Warrier, Thiruvananthapuram


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