ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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rently being decreed, effectual demand could be kept up. . History of course ignored Parson Malthus, who focused on the short- term crisis of underconsumption and did not spare a thought for the problem of developing the capital stock in the economy. If you are not worried about the long-term problems of accumulation, you do not have to bat an eye, you can continue merrily exporting steel, perhaps at a subsidy. After ail, by exporting the steel you are creating ready cash for your traders and producers who can then spend the additional earnings on luxury goods and services, including on television sets and cricket test matches. Television in this good land of ours has come to be known as doordarshan, which translates as the long view. Here again, the standard national euphemism is at work. For the long view, read the short view, and that was all Parson Malthus was worried about. There Is an anachronism at work. Some people have assumed that India circa 1977 is Great Britain circa 1802. Thereby, there is a telescoping of one hundred seventy five years. Perhaps this is what 'doordarshan'

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