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In Service of the Republic: The Art and Science of Economic Policy

4.04  ·  Rating details ·  23 ratings  ·  6 reviews
Hardcover, 1, 448 pages
Published December 6th 2019 by Penguin Allen Lane
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Venky
Dec 25, 2019 rated it liked it
Shelves: economics
In their thought provoking and densely technical book titled “In Service of the Republic”, former Finance Secretary to the Government of India, Vijay Kelkar, and Professor at National Institute of Public Finance and Policy in New Delhi, Ajay Shah track the trajectory of the Indian economy, alluding in particular to the ‘reversals’, which the country has suffered since 2011, following an exemplary growth spurt following liberalization. The authors also offer prescriptive structural and ...more
Nkmgmt
Jan 28, 2020 rated it really liked it
This book is an advanced course of insights by experts with life time experience in the middle of the state action. Beginning with the purpose of government (enforcement of desirable standards in as many aspects of life as possible by a state) and why they fail to achieve good governance (people expect political actors to be angels and in India the system has been created with such a romantic view of political animals) the book marches on to give required reforms and policies to bring in optimal ...more
Abraham Arslan
Feb 03, 2020 rated it it was ok
A good book for beginners on policymaking outlining the classical perspective.
I did not read it cover to cover.
There's a verbose repetition of ideas all over the book. The bar for this genre of books is low, given the overflood of Keynesians. But nowhere near low enough for the authors to be able to scamper over. But to my surprise they do – with nonsense like "Free market failure", "Asymmetric information" tossed all over the book – all failed and discarded as neo-con nonsense in modern
...more
Arpit Mittal
Jan 22, 2020 rated it it was amazing
This book underlines the basics of policymaking in very simple and easy to understand concepts. Most of the book is written in a textbook format.

Kelkar and Shah have poured a very frank and reasonable assessment of the policymaking situation in India. They have also enriched the book with real examples of policy changes and their impact. Highly recommended for people who are interested in policy design and how public choice theory applies to it.
Sandesh Anand
Jan 25, 2020 rated it really liked it
Excellent, thought provoking book. Would be a useful exercise to apply the ideas presented in this book to every domain on Public Policy
Ishan Parlikar
Feb 11, 2020 rated it really liked it
I like the precise and concise points that this book makes. This book really focuses on policy-making aspects.
Highly recommended.
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