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Blogs by Professor Deepak Lal

Deepak Lal is James S. Coleman Professor Emeritus of International Development Studies, University of California at Los Angeles, and Professor Emeritus of Political Economy, University College London. 

  • Policy, not pessimism

    Policy, not pessimism

    | 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 ...
  • Professor James Buchanan and a 'fiscal constitution'

    Professor James Buchanan and a 'fiscal constitution'

    | 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 ...
  • Shale gas and Pax Americana

    Shale gas and Pax Americana

    | 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 ...
  • The Olympics, good and bad

    The Olympics, good and bad

    | 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 ...