Blogs by Deepak Lal

Deepak Lal

Deepak Lal

Policy, not pessimism

11 March 2013 - Economy

The Washington Consensus is still the best way to promote sustained growth, says Deepak Lal.Two widely cited recent works by Robert Gordon (“Is US Economic Growth Over? Faltering Innovation Confronts the Six Headwinds”) and Tyler Cowen (The Great Stagnation) suggest that US economic growth is over, since there are few innovations ...

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Professor James Buchanan and a 'fiscal constitution'

24 January 2013 - Economy

Two weeks ago yet another great economist, Nobel laureate and friend, James M Buchanan, was gathered by the Grim Reaper. I got to know him in the mid-1980s when I was the Research Administrator at the World Bank, and he and his long-time collaborator Gordon Tullock got in touch after ...

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Shale gas and Pax Americana

14 January 2013 - Economy

The geostrategic implications of the shale gas revolution invalidate predictions of the death of American-style capitalism, says Deepak Lal writing in The Business Standard.Within five years of the United States being written off as a declining economic and imperial power, the shale gas revolution it has pioneered provides it with ...

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The Olympics, good and bad

14 September 2012 - Culture

The Games may have shown off Britain, but were bread and circuses for a declining empire, says Deepak Lal, the James S. Coleman Professor of International Development Studies at the University of California.In London, the last two weeks have been dominated by the Olympics. With the terrorist scares, predicted traffic chaos, an announced ...

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