Kaushik Basu | Economic impossibilities for our grandchildren?4 min read 30 Dec 2016, 01:28 AM IST
If we have learned anything in 2016, it is that leaving everything to the market can lead to social and political turmoil
Austria’s close-call presidential election on 4 December, which almost brought a far-right nationalist to power, was a telling coda to a sad year. The uncertainty and fear that many people feel today is reminiscent of W.H. Auden’s poem September 1, 1939: “As the clever hopes expire/Of a low dishonest decade."
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