In this thought-provoking book, Surjit Bhalla contends that education is the new wealth of nations. Through a series of compelling arguments, anecdotes, studies, calculations, tables, and charts, this book offers insights into the definitions of the poor, the middle class, and the rich, while relating each of these to advances in schooling attainment. While acknowledging the giant strides made by the developing world, The New Wealth of Nations also investigates the downsides to the explosion of education and technology, and why countries, rich and emerging, will have to explore options like basic income and negative income tax, so that a new welfare order, appropriate for the changed—and changing—21st century can emerge.
Surjit S. Bhalla
Member of the Prime Minister’s Economic Advisory Council (PMEAC), India
Senior Director, Development Economics and Acting Chief Economist, The World Bank
Director, The Center of Universal EducationSenior Fellow, Global Economy and DevelopmentNancy Birdsall
Senior Fellow, President Emeritus, Center for Global DevelopmentDhushyanth Raju
Lead Economist, The World Bank
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"Bhalla's book is short and the arguments are expressed in simple, bold strokes. Sometimes his writing comes across a bit...
The New Wealth of Nations by LSE India Observatory
At this event, Surjit Bhalla will be discussing from his recent book The New Wealth of Nations. He argues that...