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In aggregate the results have been stunning, comparable to the returns of the most blistering hedge fund.
FORBES: Why do People Lobby Politicians? Because it Pays, Just Like Bribing Them Does
While the aggregate GDP contributions of what I call the Schumpeterian and Smithian effects are comparable, and both have been important breakthroughs in the Indian economy, I believe the Smithian effect is more powerful for the country.
FORBES: Two Technologies Propelling India Forward
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