Economic-Philosophy, Policy Science And Ideology – Analysis

Discourses around economic policy in India seem to be taking different directions, many motivated by political ideologies and others by empirical facts and their interpretations, which again are not always entirely detachedfrom ideologies. However, what appears lacking is a totalizing coherency that renders these discourses accessible to the larger public, many of whom are intuitively aware of the troubled waters, yet fail to see a unified picture emerging from the accounts of experts who put across these complex and technical economic critiques and defences. It is, however, anticipated that a simple thesis that questions the entire substratum of the dominant economic philosophy may not be easily palatable to the large sections of intellectuals who dominate the economic sciences, i.e., those who are trained in neoclassical or orthodox school of economics.