THE ECONOMIC REACTOR CREATING GROWTH AND PROSPERITY

What leads to sustainable
economic growth and happiness? Is it a nation’s culture or education or the
rule of law or competitive markets? Or, is it all of these and more? In this
provoking and highly readable treatise, successful start-up founder Rajiv Bahl
visualizes the economy of a country as an engine, which must function in all
its parts if the country is to achieve sustained economic growth. When people
communicate, sharing and learning from one another, ideas are born. With this
thought in mind, Bahl sets out to discover how the continuous generation,
release and implementation of new ideas ensures sustained economic growth.
The Economic Reactor: Creating Growth and Prosperity points to aspects of
culture—ideas, customs and social behaviour of a society—that must be in
place to ensure economic growth. Using the powerful analogy of a nuclear
reactor, Rajiv Bahl envisions a smoothly working economic engine that
promotes egalitarianism and is the path to individual and societal happiness.
He suggests changes in the focus and syllabi of school education to promote
generation of ideas. Further, he delves into the history and nature of money
and the hazards of deficit financing and discusses how both internal and
external markets and trade may be made more efficient. He also analyses
interest and taxation rates and the point in the economic cycle from where
taxes should be collected. This book holds important lessons for governments,
organizations and policy watchers worldwide.