Prosperity through inequality?
Economists are generally fond of using curves, graphs, and models. These tools help in explaining economic concepts and theories, sometimes acquiring a dogma-like status with economists. This is also true…
Entrepreneurship as engine of economic development
Not too long ago this was going nowhere. Nobody was willing to buy it, no university nor business school nor institution. Neither the economists nor the policymakers had any patience…
Persistent economic woes
Pakistan remains in the depths of economic gloom and despair while most of the rest of Asia is bouncing back from the slowdown economists call the ‘Great Recession of 2007-09’.…
Why East & West never met
In the tumultuous March of 1970, the Planning Commission convened an advisory panel of economists from East and West Pakistan to provide input to the outline of the Fourth Five-Year…
Saving the economy
We, the economists, are guilty of using economic jargons making it difficult for non-economists to understand the state of the economy. Here is an attempt to use simple language to…
Mismanaging the economy
International financial institutions and independent economists have, for long, not only highlighted various aspects of the economic situation but also made specific policy recommendations for its improvement. Their proposals have…
Fresh appetite for debt
It started with a bust and it ended with an even bigger bust. In between was sandwiched an unsustainable boom. Banks have been humbled. Economists have been found wanting. Geopolitical…
Consumerism
My article titled ‘Consumerism’ (Oct 4) elicited considerable interest from economists within Pakistan as well as abroad. As expected with perfect foresight, Dr Meekal Aziz Ahmed was the first one…
Rise of economic nationalism: questioning unrestrained privatisation
Neo-liberalism has lost the momentum? Or still to build more productive and independent capitalisms! Economists are also justifying such failure as part of the “creative destruction” of capitalism. Which side…
Fresh appetite for debt
It started with a bust and it ended with an even bigger bust. In between was sandwiched an unsustainable boom. Banks have been humbled. Economists have been found wanting. Geopolitical…
