Word: economisters
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...domestic prices. The government, in an effort to keep as much rice as possible at home to quell inflation, has banned exports of nonbasmati rice and adjusted price controls to discourage exports of aromatic basmati rice. "In desperation, the government is trying to isolate the domestic market," says economist B.B. Bhattacharya, vice chancellor at New Delhi's Jawaharlal Nehru University...
...India because more rice should be available. But because the global price remains a benchmark, Indian rice traders are resistant to selling their stocks for much less than they would get on the international market. That means less rice on the domestic market and higher prices for Indians. As economist Swaminathan S. Anklesaria Aiyar wrote recently in the Times of India, cutting exports is a form of national hoarding: "Governments would like to believe that hoarding by traders is terrible, whereas hoarding by governments promotes the public interest. But the impact on prices is exactly the same. Indeed, when governments...
...start with the pet concerns of Sarkozy's star advisers. Sen, a development economist at Harvard, has long argued that health is a big part of living standards--and in 1990 he helped create the United Nations' Human Development Index, which combines health and education data with per capita GDP to give a more complete view of the wealth of nations (the U.S. currently comes in 12th, while on per capita GDP alone, it ranks second). Stiglitz, a Columbia professor and former World Bank chief economist, advocates a "green net national product" that takes into account the depletion of natural...
...Tusk and a group of other Solidarity intellectuals began publishing an underground monthly pamphlet featuring the writings of the liberal economist Friedrich Hayek and essays on private property. Their heroes were Ronald Reagan and Margaret Thatcher. "We had to wait many, many years for our way of thinking to be accepted in Poland," Tusk says. "But now it has been. And we are ready...
...microfinance program in Indonesia, which she did from 1988 to '92-before the practice of granting tiny loans to credit-poor entrepreneurs was an established success story. Her anthropological research into how real people worked helped inform the policies set by the Bank Rakyat Indonesia, says Patten, an economist who worked there. "I would say her work had a lot to do with the success of the program," he says. Today Indonesia's microfinance program is No. 1 in the world in terms of savers, with 31 million members, according to Microfinance Information eXchange Inc., a microfinance-tracking outfit...