P Chidambaram’s last budget pays tribute to the rating agencies…
EPW edit in the latest edition says the Interm budget 2014-15 was a tribute to the rating agencies. Well the previous budget was a tribute to the rating agencies as well. In his book Lexus and Olive...
View Articleif finance continues to take a disproportionate number of the best and the...
Howard Davies (Prof at Sciences Po in Paris) reflects on the continued growth in jobs at finance sector in UK. Despite the crisis, policymakers continue to expect London to grow as a financial centre...
View ArticleHow brilliant blunders lead to progress in science..
It is nice to have such articles in Project Syndicate. Mario Livio an astrophysicist at the Space Telescope Science Institute in Baltimore says some blunders turn out to be brilliant as they lead to...
View ArticleWhy Does India’s Economic Growth Process Falter?
M H Bala Subrahmanya of IISc Bangalore in this article says the problem for Indian economy lies in missing the industrial bus. This keeps putting pressure on Indian economy leading to falter in growth...
View ArticleForecast bias of government agencies – CBO and OMB (along with bluechip)
Robert Krol of California State University in the recent Cato Journal has this interesting paper. There is always criticism over GDP forecasts by govt agencies. They are usually seen as upward biased...
View ArticleHow grocery bags manipulate your mind…
Be careful while taking your own bags for shopping. There is a probability that you will either binge on extra calories via ice-cream/chocolates etc. HBSWK has this superb summary of research by Uma R....
View ArticleShould we allow economics to run our temples?
Happy Shivratri to ME viewers.. I have been wanting to write this post for a while but kept missing it. Today is perhaps the right time given the day. One usually goes to the temple on this day and the...
View ArticleIndia’s government is increasingly for, of and by its biggest businessmen
Mihir Sharma writes this scathing criticism of the way government runs in this country. It is all for oligarches for whom bulk of the decisions are made.. The takeover of India’s politics by its...
View ArticleEconomics of European Soccer
A really nice article by Stefan Szymanski Professor of Sport Management at the University of Michigan. He explains how this origins of European Soccer club culture came about and how it has changed...
View ArticleTwo world growth outlooks – Stagnation vs high growth..
Jena Pisane Ferry of Bruegel points to these two orthogonal outlooks on world economy. the view that advanced economies are gradually healing is challenged from both sides. Starting with demand, Larry...
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