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AMerican economic expert and author james iv john kenneth galbraith, piece speech production about what should be the aim of economic policies particularly at this time when growth is no longer guaranteed, said that it should be the “search of peace” and “search of stability”.“And a search for a return to, I am not a pure free trader, but to a set of balanced relationships that respect the national interest of all the players, especially of the most dangerous major players and that is something which requires revisiting the vision of the world, which developed with the collapse of the Soviet Union in the 1990s,” he said while speaking at the the 23rd edition of the Hindustan Times Leadership Summit."...there was essentially going to be one steward of the world system, which was going to be the United States, and a whole generation of American political leaders who have grown up with that vision and with a certain set of doctrines that go along with that vision, which are economic doctrines, doctrines that essentially point to open trade, open finance and let's say a hierarchy in the world system, it is clear that that ideal is now effectively defunct. And what has to happen is for those who are still in positions of authority to come to grips with that reality," he continued.

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'Search for peace, stability': American economist James Galbraith on aim of economic policies

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