Tuesday, December 16, 2008

Why economists love myths?

Arvind Panagariya writes in the Indian Express “in the aftermath of the May 2008 bomb explosions in my own hometown, Jaipur, both Hindus and Muslims lined up at hospitals to donate blood for surviving victims. In a similar vein, following the recent Mumbai attacks, the government has been unable to find a single Muslim group willing to accept the bodies of nine Pakistani terrorists for burial in its graveyard. Those who raise the spectre of retaliatory actions following terrorist attacks confuse them with communal riots. While communal riots by definition divide Hindus and Muslims, terrorist attacks usually bring them together”.

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