Jagdish Bhagwati: Noble if not Nobel | OPEN Magazine
Karina Sengupta stashed this in Economics
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Sounds like an exceptional human being:
Jagdish Bhagwati, born in 1934, is 79. He might still win the Prize, hypothetically. His contributions to international trade theory are phenomenal. This theory is no different from that of resource allocation, except that government interventions cause distortions. Bhagwati’s contributions to international trade practice have been no less phenomenal: such as arguing for free trade, arguing against protectionism, advising the GATT/WTO/UN. Nor should one forget his 1970 India: Planning for Industrialization, co-authored with Padma Desai, and similar work with TN Srinivasan. It isn’t just recent stuff that is being produced with Arvind Panagariya (there is more than one book). Much earlier, when liberalisation wasn’t the in thing, Bhagwati was one of India’s few contrarian voices. He didn’t side with the system and didn’t reap the benefits. He got the Padma Vibhushan only in 2000.