Saturday, 04 February 2012
DR ZAFAR ALTAF
Ever seen an irrational person who is also tenacious? Well, when the two combine - the irrational and the tenacious - we have a rigid system that is difficult to change and the core values become a burden to the economy. That there are intellectual inconsistencies in the fundamentals of economics are accepted, but the rigid people will neither accept it, nor they will accept that the core values are no longer core values. In that flexible sense the economics of developing countries is poorly organised.
