Open AccessInaugural Address
Author(s) -
Sartaj Azz
Publication year - 1992
Publication title -
pakistan development review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.154
H-Index - 26
ISSN - 0030-9729
DOI - 10.30541/v31i4ipp.335-338
Subject(s) - privilege (computing) , pleasure , politics , positive economics , economics , political science , law and economics , law , psychology , neuroscience
It is a matter of great pleasure and privilege for me toinaugurate the Eighth Annual General Meeting of the Pakistan Society ofDevelopment Economists and to address such a distinguished group ofprofessional economists and policymakers. Many of you will recall LordKeynes famous remark, "Every politician is a slave of some defuncteconomist". Perhaps the only way for a politician to escape thatKeynesian trap is to remain an economist. That is what I am trying todo, but I have begun to realise that the principles of good economicscannot always be reconciled with the requirements of politics.Similarly, a Finance Minister cannot always be both popular andpatriotic at the same time. Often he has to make a deliberate choice oftaking unpopular decisions in the national interest.