BIDS Public Lecture 2021
Bangladesh Institute of Development Studies (BIDS) organized the BIDS Public Lecture 2021 on November 7, 2021 at Lakeshore Hotel, Dhaka. Eminent economist Professor Wahiduddin Mahmud delivered the lecture based on the themes of his recently published and acclaimed book “Market, Morals and Development: Rethinking Economics from a Developing Country Perspective.”
In this lecture, Prof. Mahmud put forth his objective behind writing this book, which is to add the perspective of a developing country in the context of rethinking economics and at the same time re-evaluate what can be deem as ‘useful economics’ in the context of these countries. Prof. Mahmud explored through the ideas that he discussed in his book, such as analyzing the markets and their institutional settings, the notion of the fairness of the global economic system, income inequality, wealth concentration and price mechanisms, institutions, governance and economic development as well as governance and norms of morality. He emphasized on the accountability at all tiers of governance, which he noted as the common factor behind all success stories of sustained economic development. He further added that even if the democratic institutions are weak, the existence of the scope for civic activism and free media may secure a substantial accountability of a legitimacy-seeking regime.
Dr. Binayak Sen, Director General of BIDS chaired the inaugural and closing session. The public lecture was attended by Dr. Mashiur Rahman, Economic Advisor to the Prime Minister of Bangladesh, Centre for Policy Dialogue (CPD) Chairman Professor Rehman Sobhan, Centre for Urban Studies Chairman Professor Nazrul Islam, Power and Participation Research Centre (PPRC) Executive Chairman Hossain Zillur Rahman, CPD Distinguished Fellows Debapriya Bhattacharya and Professor Mustafizur Rahman along with BIDS researchers, eminent scholars and academics, policy makers, development practitioners, civil society members, advocacy groups and journalists.