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Read an article published in at www.vijayvaani.com on May 01, 2011 and reprinted at the World Public Forum Dialog of Civilizations.

Over the last decade or so, I have been trying as hard as I can to highlight the rotten state of the value-free departments of economics and the many business schools around the world, and how they have been infected by the now discredited neo-liberalism and the “Washington Consensus”. Recently, a dear friend sent me a copy of a letter that had been published in The Times. This is a very important piece of evidence confirming that what I have been saying is true. I have re-typed it below. It says it all.

Click to read the complete article.