Zaterdag quote

The diversity across countries in measured per capita income levels is literally too great to be believed … I do not see how one can look at figures like these without seeing them as representing possibilities. Is there some action a government of India could take that would lead the Indian economy to grow like Indonesia’s or Egypt’s? If so, what, exactly? If not, what is it about the ‘nature of India’ that makes it so? The consequences for human welfare involved in questions like these are simply staggering: Once one starts to think about them, it is hard to think about anything else.

Robert Lucas (1988). On the mechanics of economic development. Journal of Monetary Economics, p 5

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