Amartya Sen: The economic consequences of austerity

My Comment

Public knowledge and understanding are indeed central to the ability of a democratic government to make good policies. The Economic Consequences of the Peace ends by pointing to the connection between epistemology and politics, and arguing that we can make a difference to the world only by (in Keynes’s words) “setting in motion those forces of instruction and imagination which change opinion”. The last sentence in the book affirmed his hope: “To the formation of the general opinion of the future I dedicate this book.” In that dedication, there is enlightenment as well as optimism, both of which we strongly need today. This is with reference to the austerity policies troika demand on Greece. An important article to read in the juncture of global economic crisis we have been going through

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