Study economics not to be deceived by clever economists: Manmohan Singh at book launch

Speaking further about studying economics, Singh quoted economist AC Pigou to say that when economics is studied, the impulse is not the philosopher’s impulse, knowledge for the sake of knowledge but for the healing that knowledge may help to bring.

Though the former Prime Minister  has been critical of the government’s  decision to scrap high-denomination currency notes, he refused to comment  on demonetisation and its impact on  India’s economy.

Last week, during the Jan Vedna Sammelan called by the Congress, Singh had said that the impact of demonetisation was being felt across the country but the worst was yet to come. “Demonetisation has hurt the country. Things have gone from bad to worse, but the worse is yet to come…Modi ji keeps saying he’s out to transform the economy. We now know the beginning of the end has come. His claims are hollow,” he had said.