Quotation of the Day…
Posted By Don Boudreaux On October 24, 2012 @ 7:28 am In Complexity & Emergence,Film,Growth | Comments Disabled
… is from page 266 of my colleague Larry White’s wonderful 2012 book, The Clash of Economic Ideas [1] (link added):
Two of the success stories in India’s economy since liberalization have been information technology and the Bollywood film industry. Meghnad Desai has pointed out [2] that neither was favored by government planners. The IT industry “is entirely a self-generated miracle” while Bollywood “is completely neglected by the government, and it is a global success.”
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[1] The Clash of Economic Ideas: http://www.amazon.com/The-Clash-Economic-Ideas-Experiments/dp/1107012422/ref=sr_1_1?s=books&ie=UTF8&qid=1336056522&sr=1-1
[2] Meghnad Desai has pointed out: http://www.pbs.org/wgbh/commandingheights/shared/minitextlo/int_meghnaddesai.html#6
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