Wednesday, May 03, 2006

When an Economist Meets a Politican

"The advice you have given me, sound that it may be, is essentially from the economic point of view, and I have told you, on many occasions, that I cannot always follow this advice as I am a politician and must gamble on the future."

That was what Ghana's Nkrumah told Arthur Lewis, a Nobel Prize winner in economics, while Lewis was the former's economic adviser.

The passage appears in a book on Arthur Lewis entitled "W. Arthur Lewis and the Birth of Development Economics."

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