Business Standard

New economic assumptions

Covid must cause a re-examination of aspects of economics



Business Standard Editorial Comment
The global financial crisis of 2008 caused a re-examination of many aspects of economic theory and policy, particularly with regard to financial innovation and regulation. This is as it should be; any discipline, in conception and practice, should be reviewed in the light of such a major shock. The ongoing economic and public health crisis caused by the spread of Covid-19 should also cause such a review. The lineaments of such a change in approach are already visible. For one, it is clear that concerns about the environmental impact of economic activity have hitherto remained marginal. But they need to

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 26 2020 | 11:32 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to