Is Fiscal Profligacy the Cause of the Crisis?*

Sep 10th 2013, Prabhat Patnaik
Current account deficit is a major reason behind lack of demand and slowdown. Government spending on food security can boost demand for domestic goods and chance of a revival.

* This article was originally published in People's Democracy, Vol. XXXVII, No. 36, September 08, 2013.


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