XAT Essay 2011
The essay was a surprise for many aspirants, though it was an easy one, once you understand the topic. The topic was taken from the book "Wealth of Nations" by Adam Smith.
Topic: "The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with most unnecessary attention but assume an authority which could safely be trusted to no council and senate whatever, and which would nowhere be so dangerous as in the hands of man who have folly and presumption enough to fancy himself fit to exercise it. "
A clear debate between Capitalism and Socialism is envisaged in the topic. Or, in other words, a discussion on Imperative Planning and Indicative Planning can be done. India shifted from an imperative to Indicative Planning in the 9th plan and the post-liberalisation period has shown clearly the difference on growth it makes.
Topic: "The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with most unnecessary attention but assume an authority which could safely be trusted to no council and senate whatever, and which would nowhere be so dangerous as in the hands of man who have folly and presumption enough to fancy himself fit to exercise it. "
A clear debate between Capitalism and Socialism is envisaged in the topic. Or, in other words, a discussion on Imperative Planning and Indicative Planning can be done. India shifted from an imperative to Indicative Planning in the 9th plan and the post-liberalisation period has shown clearly the difference on growth it makes.
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