Deepak Lal

C.V. (pdf file)


Articles in Business Standard

2015 2014 2013 2012 2011 2010 2009 2008  2007  2006   2005   2004   2003   2002 

Other OpEDs


Recent Publications:

"Is the Washington Consensus Dead?", Cato Journal, Vol. 32, No. 3 (Fall 2012)

"India's Post-Liberalisation Blues", World Economics Vol.12 No.4 October-December 2011

"Institutions and Economic Development: A Black Box?", VIII International Economics Conference, 7-8 June 2010

"The Great Crash of 2008: Causes and Consequences", Cato Journal, Vol. 30, No. 2 (Spring/Summer 2010)

"After the Fall: A Classical Liberal Perspective on the Great Crash of 2008", Revista quadrimestrale online del centro einaudi biblioteca della libertà, XLV (2010)


"Instituciones y Desarrollo Económico: ¿Una Caja Negra?", Revista de Economia y Derecho, vol. 7, nro. 28 (2010)


"Towards a New Paganism: The Family, The West and The Rest", Revista quadrimestrale online del centro einaudi biblioteca della libertà, XLV (2010)


"Private Household Transfers and Poverty Alleviation in Rural India: 1998-99", Margin—The Journal of Applied Economic Research, 3:2 (2009): 97-112


"The Mont Pelerin Society: A Mandate Renewed", The Mont Pelerin Society Presidential Address New York 5th March 2009


"Current Travails of Globalizing Capitalism", Paper for the 4th International Gottfried von Haberler Conference, Vaduz, 26 Sept. 2008


"Endangering the War on Terror by the War on Drugs", World Economics, Vol. 9, No. 3 (July-September 2008)


"India, economics in.", This is a post-peer-review, pre-copyedit version of an article published in Palgrave Macmillan. The definitive publisher-authenticated version The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 12 May 2008 is available online at:


"An Indian Economic Miracle?", Cato Journal, Vol. 28, No. 1 (Winter 2008)


"The Triumph of Hope over Experience: A Marshall Plan for Sub-Saharan Africa?", AEI Outlook Series, American Enterprise Institute for Public Policy Research, No. 2 (August 2007)


“The Status Quo in Kashmir?” From: R.N. Rosecrane & A. A. Stein (eds): No More States? Rowman & Littlefield, Lanham, MD, 2006


“Will Terrorism Defeat Globalization? ” From: R.N. Rosecrane & A. A. Stein (eds): No More States? Rowman & Littlefield, Lanham, MD, 2006


“The Contemporary Relevance of Heckscher’s Mercantilism”, From R. Findlay, R. G. Henriksson, H. Lindgren, and M. Lundahl (eds): Eli Heckscher, International Trade, and Economic History, MIT Press, Cambridge, 2006 books, pg 305-19


“India: Population Change and Its Consequences”, Population and Development Review, supp, Vol 32, 2006


“A Proposal to Privatize Chinese Enterprises and End Financial Repression”, Cato Journal, Vol 26, No 2, Spring/Summer 2005


“Real Exchange Rate, Fiscal Deficits and Capital Flows: Erratum and Addendum”, Economic and Political Weekly, April 16, 2005


“Political Economy of Economic Policy Making in Developing Countries”, From M. Lundahl & M. L. Wyzan (eds): The Political Economy of Reform Failure, Routledge, London, 2005

“The Threat to Economic Liberty from International Organizations”, Cato Journal, Vol 25, No 3, Fall 2005

“India”, From: P. Bernholz & R. Vaubel (eds): Political Competition, Innovation and Growth in the History of Asian Civilizations, Edward Elgar, Cheltenham, 2004


“In Defense of Empires”, From A. J. Bacevich (ed.): The Imperial Tense, Ivan R. Dee, Chicago, 2003


“The Real Exchange Rate, Fiscal Deficits and Capital Flows - India: 1981-2000”, with Suman Bery and Devendra Kumar Pant, Economic and Political Weekly, Vol XXXVIII, No 47, Nov. 22, 2003

“Free Trade and Laissez Faire: Has the Wheel Come Full Circle?”, The World Economy, Vol 26, No 4, April 2003.

“The Welfare Effects of Tobacco Taxation: Estimates for 5 countries/regions”, with Hyongwon Kim, Gonglu Lu, Jordi Prat, Bilingual Journal of Interdisciplinary Studies, Vol 13, No 1, March 2003.

 “Asia and Western Dominance: Retrospect and Prospect”, Journal of Asia Pacific Economy, Vol 8, No 3, 2003.

“Financial Exuberance: Saving Deposits, Fiscal Deficits and Interest Rates in India”, Economic and Political Weekly, Vol XXXVI, No 44, Nov. 3, 2001

Current Research and Articles:  


Proposal for book on “Poverty in the Third World - Myths and Reality”

 Kashmir: Carnegie Project on “Globalization, National self-determination, and Terrorism”

 An International Natural Resources Fund for Failed States

 Continuing the Chinese Economic Miracle

 The Japanese Slump

 I am writing a book on Globalization and Order

Working Papers


Financial Exuberance: Saving Deposits, Fiscal Deficits and Interest Rates In India , December

Economic Reform and Poverty Alleviation: India A Tale of two Surveys , December

Free Trade and Laissez Faire , October

Morality and Capitalism: Learning from the Past , March


The Japanese Slump , January


The New Cultural Imperialism: Greens and Economic Development, November

Asia and Western Dominance: Retrospect and Prospect , October

Globalization, Imperialism and Regulation , July

The Welfare Effect of Tobacco Taxation (with Hyongwon Kim, Gonglu Lu and Jordi Prat), March

Smoke Gets in Your Eyes , February


The Role of Economic Incentives and Disincentives In Effecting State Behavior, January


The World Economy at the end of the Millennium , September

Taxation and Regulation as Barriers to International Investment Flows , September

The Political Economy of Reform in Latin America , June

Culture, Democracy and Development , April

Institutional Development and Economic Growth , February

The Communication Revolution, Transactions Costs, Culture and Economics Performance , February


Social Standards and Social Dumping , November

Ecological Imperialism: The Prospective Costs of Kyoto for the Third World , November

From Planning to Regulation: Towards a New Dirigisme? , November


Private Provision of Public Goods and Services , November


Arms and the Man: The Costs and Benefits of Defense Expenditure , November

Policies for Economic Development: Why the Wheel has come Full Circle , October

Eco Fundamentalism , May

The Minimum Wage , January


The Role of the Public and Private Sectors in Health Financing in Developing Countries , July

Labor Market Insurance and Social Safety Nets in Developing Countries , July

From Closed to Open Economy Macroeconomics: The Real Exchange Rate and Capital Inflows India 1981-1994 , July

From Plan to Market: Post War Evolution of thought on Economic Transformation and Development , April


India and China: Contrasts in Economic Liberalization , December

Participation, Markets and Democracy , December

Poverty and Development, October

Trade Blocs and Multilateral Free Trade , July

Notes on Money, Debt and Alternative Monetary Regimes for Brazil , June

Does Openness Matter? How to Appraise the Evidence , January


The Political Economy of Stabilization in Brazil (with Sylivia Maxfield), October

In Praise of the Classics: The Relevance of Classical Political Economy for Development Policy and Research , October


Why Growth Rates Differ: The Political Economy of Social Capability in 21 Developing Countries , October

Social Policy After Socialism , July

Industrialization Strategies and Long Term Resource Allocation , February

Book Reviews

Gerald M. Meier, Biography of a Subject: An Evolution of Development Economics . Oxford and New York: Oxford University Press, 2005.

Reviewed for Journal of Economic Literature Vol. XLV (June 2007) by Deepak Lal


David Gilmour, Curzon: Imperial Statesman. New York: Farrar, Straus and Giroux, 2003.

Reviewed for The New Criterion Vol. 22, February 2004 by Deepak Lal


William Easterly, The Elusive Quest for Growth. Cambridge: MIT Press, 2001.

Reviewed for Economic Record Vol. 79, September 2003 by Deepak Lal


Liah Greenfeld, The Spirit of Capitalism: Nationalism and Economic Growth. Cambridge, MA: Harvard University Press, 2001.

Reviewed for EH.NET, February 2003 by Deepak Lal


Kenneth Pomeranz, The Great Divergence: China, Europe and the Making of the Modern World Economy. Princeton, NJ: Princeton University Press, 2000.

Reviewed for EH.NET, October 2000 by Deepak Lal


David S. Landes, The Wealth and Poverty of Nations: Why Some Are Rich and Some So Poor . New York: Norton, 1998.

Reviewed for Cato Journal Vol. 18, No.2, 1998 by Deepak Lal


Speeches and Lectures

The Great Crash of 2008: Are governments or markets to blame, The Adam Smith Annual Lecture, St. Stephen’s Club, 4th June 2009


A Speech in Honour of Ian Little, Presentation of a Festschrift, 8th January 1990