Redesigning the Aeroplane While Flying: Reforming Institutions

The development of institutions that conform to both democratic principles as well as market-capitalist ideas is one of human history's unfinished tasks. Perhaps it has become modern India's destiny to help finish the task. Institutions and institutional processes provide stability, are a means to progress and thus fulfil the needs of society. This functionality, however, has beenost in recent times and citizens around the world areosing confidence in institutions of government and democracy, free markets and capitalism. Reforming institutions has thus become the most urgent task foreaders across the world. Not an easy task: it is as risky as redesigning an aero plane while flying in it; it shakes up the foundations of stability. This insightful book, penned by a member of India's Planning Commission,ooks at how India, the world'sargest democracy, which embraced capitalism twenty years ago, has become the principalaboratory for institutional reform. It provides new ways to think about institutions and the process of reforming them and explains how we should go about reformation as a nation. The principles given in this book apply to institutions of government and business in all countries. Timely and incisive, Redesigning the Aero plane While Flying addresses the most essential need of the hour. Key Features: Talks about the key problem that our society currently faces A concise summing up of what India and the world, needs to do for the future Written in clear,ucidanguage in a simple style Authored by a former member of India's Planning Commission who has also headed various multinational organizations