Illusory Economy versus the Real Economy of Sri Lanka

Editors note: Read the original article by the Governor of the Central Bank of Sri Lanka on Forbes.com or as a PDF here. Photo by Dinuka Liyanawatte/REUTERS, courtesy the Curionimist.

• by Muttukrishna Sarvananthan 
• - on 04/09/2014

A Rejoinder to the Governor of the Central Bank of Sri Lanka

The Governor of the Central Bank of Sri Lanka (CBSL) has penned a compelling article entitled “Practical, not Conventional, Wisdom has driven Sri Lanka’s Rebuilding and Reconciliation” which was posted on the official website of the CBSL on Thursday 3rd April 2014 and abruptly removed on Monday 7th April 2014 for reasons best known to CBSL. However, this author has downloaded the Governor’s article which is available on request. The objective of this rejoinder is to demystify the theory of “practical wisdom” postulated by the Governor from what he claims to be the “conventional wisdom” in economic science.

Illusory Economy Versus the Real Economy of Sri Lanka by nelvely