Fiscal Deficit and Public Enterprises-Some More Grammar

Fiscal Deficit and Public Enterprises Some More Grammar Ramaswamy R Iyer IN Guhan's rejoinder (EPW, December 7, 1991) to my comment (EPW, November 2, 1991) on his article (EPW, August 24, 1991) there are some remarks which I do not quite understand, and some misunderstandings of the nature and purport of my argument. I do not propose to take them up here; my purpose in responding to his rejoinder is not to indulge a penchant for controversy but to pursue further the quest for conceptual clarity, even if this seems heavy going in places. At any rate, I trust that this will not be found to be "surface grammar", whatever that may mean.