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LATEST NEWS UPDATES | How feasible is MSP as a legal right? The good, the bad and the impossible -Vivek Kaul

How feasible is MSP as a legal right? The good, the bad and the impossible -Vivek Kaul

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published Published on Dec 4, 2021   modified Modified on Dec 4, 2021

-Newslaundry.com

Given that the issue is so political, all nuance has gone out of the window. A deepdive on what the demand actually means for the government and farmers.

In her new book Cogs and Monsters—What Economics is and What It Should Be, the British economist Diane Coyle uses the word nuance thrice.

She writes that “politics and nuance are strangers”. And that “the eye of the public is caught, by confident statements of extreme views [emphasis added], rather than by modest or nuanced analyses of complicated situations”.

And finally that “there are too few economists who bother to jump into the bear pit of public debate,” due to the fact that “nuance dies in this arena”.

All this and more are true when it comes to the issue of the demand for the minimum support price (MSP) guarantee on agricultural crops. Given that the issue is as political as it is, all the nuance has gone out of the window and confident statements are being made on both sides.

The few economists who have jumped into the debate are already in support of one side, the farmers’ unions which are demanding the MSP guarantee or the central government which will have a tough time furnishing it.

This piece is an attempt to introduce some nuance into the discussion that is currently happening on MSP guarantees.

Please click here to read more.


Newslaundry.com, 4 December, 2021, https://www.newslaundry.com/2021/12/04/how-feasible-is-msp-as-a-legal-right-the-good-the-bad-and-the-impossible


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