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Jakarta Post

Widjojo Nitisastro and changes to development paradigms

Jakarta   /   Sun, January 31 2010   /  02:32 pm

Widjojo Nitisastro is a humble man, not well known outside his circle. However, quietly, he made a very important contribution to the Indonesian economy, as the main architect of the Indonesian economy at the beginning of the New Order in 1966. A book of his notes, Pengalaman Pembangunan Indonesia. Kumpulan Tulisan dan Uraian Widjojo Nitisastro (Indonesian Development Experiences. A Collection of Writing and Notes of Widjojo Nitisastro), was launched in Jakarta on Jan. 14. Times change, and so do issues and challenges. In turn, paradigms must change too. History shows that crises often force us to adopt paradigm changes. Unfortunately, not all crises result in paradigm changes. Without paradigm changes, deeper and longer crises may occur. This phenomenon is also observed in the history of economic ideas. During the 1930s, J. M. Keynes revolutionized the teaching of economi...