‘Knowledge problem’ of land debate'

With great despair over the post-World War II political environment, F.A. Hayek once said the world is full of “intellectuals whose desires have outstripped their understanding”. Perhaps, the same can be said of the National Advisory Council (NAC). Last week, the NAC recommended that the government ought to play a bigger role in acquiring land for industrial use and went on to prescribe a pricing formula.

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