Bononomics 10 Surjit Bhalla on Sachs' pitiful poverty priority, plus quick reads on customer mania and VAT.

THE END OF POVERTY

Economic Possibilities For Our Time

By Jeffrey D. Sachs

Penguin

PP: 396

Price: Rs 792

In the end of poverty: economic Possibilities For Our Time,Jeffrey Sachs documents the 'end of poverty' scenario with passionand conviction. It is a universal dream, much like the dreamsencapsulated in rock music, from the Beatles to U2. Sachs makes threemajor points in defence of the dream that now is the time poverty canbe ended.

First, that the aid provided by donor countries in the past wasinadequate; second, that the way the aid was channelled wasinappropriate; and third, that "new" policies are necessary.

In essence, …