Economic Survey

‘Free market’ manifesto

Print edition : August 08, 2014

Workers under the MGNREGS clean up a canal near Thiruvananthapuram, a file photograph. The Survey claims that the rural employment guarantee scheme has caused a wage-price spiral and led to a shortage of agricultural labour. Photo: S. GOPAKUMAR

The Economic Survey, while containing rich empirical material, is limited hugely by its unswerving faith in the “optimality” of free markets.
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