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A theory is appropriate as long as it fits into the fact; when a theory doesn't fit in the fact, it's wise to walk with the fact.

Monday, July 11, 2011

pseudo-researchers and bad policies

Professor M.A. Taslim writes on the lack of appropriate economic research and its impact on economic policymaking with a proper example of recent share market debacle. He rightly points out to the rise in pseudo-researchers and their wrong policy suggestions (does not matter whether politically/financially motivated or not) on important policy issues including stock market. Another good one from Professor Taslim.

Here is his published piece in the Financial Express

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