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Montek Singh Ahluwalia knows better than to be part of the stupid corrupt socialist political system of India, particularly its Planning Commission. A far smarter economist than MMS, he could have, in my opinion, been so much more useful to India as leader of a liberal political party. He would have been the right kind of man to conceptualise and operationalise a group like FTI, for instance.
But that's now what he has done He is now firmly a man of the system, a central planner. And he has become closely associated with that stinkingly corrupt formation known as Congress. Not much of a chance of redeeming himself now.
The man of system, on the contrary, is apt to be very wise in his own conceit; and is often so enamoured with the supposed beauty of his own ideal plan of government, that he cannot suffer the smallest deviation from any part of it.
He goes on to establish it completely and in all its parts, without any regard either to the great interests, or to the strong prejudices which may oppose it.
He seems to imagine that he can arrange the different members of a great society with as much ease as the hand arranges the different pieces upon a chess-board. He does not consider that the pieces upon the chess-board have no other principle of motion besides that which the hand impresses upon them; but that, in the great chess-board of human society, every single piece has a principle of motion of its own, altogether different from that which the legislature might chuse to impress upon it.
If those two principles coincide and act in the same direction, the game of human society will go on easily and harmoniously, and is very likely to be happy and successful. If they are opposite or different, the game will go on miserably, and the society must be at all times in the highest degree of disorder.
[Adam Smith, Theory of Moral Sentiments]
Read more at Sanjeev Sabhlok’s Occasional Blog-Economics