I am going to blog about 100 women economists and economic historians. I start with Edith Abbott. Edith Abbott: From Economics to Social Work (1876-1957) Credit: Wikimedia Commons Edith Abbott, labour economist and economic historian, was the second woman to earn an Economics PhD from the University of Chicago in 1905. Interested in labour statistics [...]
Economic Historian Guido Alfani, who studies long run trends in inequality, posted a series of tweets on pandemics and inequality this week. To sum up: Some pandemics in history helped reduce inequality, but it would be wrong to say that all pandemics reduce inequality. 2. Some pandemics may not have macro impact but can still [...]
Let me tell you simple things. Covid 19 quarantine is helping me get this straight and simple: I like capital and those who aid capitalism. So this bothers me when capitalism is blamed for the mess we are in. This world is complex and I am someone who believes the right set of institutions hold [...]
‘[M]y brain is quite congealed. I cannot think of a word to say to anyone.’ In India of the 1920s, a socially awkward young woman said this of her experience at the parties in Gwalior, India. In less than a decade, she joined Cambridge and became one of the foremost economic thinkers of our time. [...]
Illustration by Parag Dabke. The world we live in is getting scarier as disturbing events unfold. Floyd’s gruesome killing has sparked fierce reactions globally and we are now left tracing its roots to the long-standing racial prejudices that have existed alongside decades of material prosperity. We know this could be traced to British colonialism in [...]
Interesting research on firms and their capacity to take risks. While firms may be risk averse, employees can be evaluated on what they can control and not on what they can not control. This and more useful points here. https://conversableeconomist.blogspot.com/2020/06/are-firms-too-risk-averse.html
mises.org/library/understanding-money-mechanics-0 I am a big sucker for economists explaining things, and an over sharer of all such knowledge made public. After Arjun Jayadev and Franko Milanovic's free online video lecture series on Inequality, here is another one worth your time (link above) - The Understanding Money Mechanics series - by Robert P. Murphy. This is all going [...]
Trends in the global housing market http://feedproxy.google.com/~r/Urbanomics/~3/Q1BnbqEmY6Y/trends-in-global-housing-market.html — Read on feedproxy.google.com/~r/Urbanomics/~3/Q1BnbqEmY6Y/trends-in-global-housing-market.html
Vijay Kelkar Convocation Address at BHU: Three development paradigms of Indian economy https://mostlyeconomics.wordpress.com/2020/01/30/vijay-kelkar-convocation-address-at-bhu-three-development-paradigms-of-indian-economy/ — Read on mostlyeconomics.wordpress.com/2020/01/30/vijay-kelkar-convocation-address-at-bhu-three-development-paradigms-of-indian-economy/
Did education play a role in England’s industrial revolution? https://mostlyeconomics.wordpress.com/2020/01/30/did-education-play-a-role-in-englands-industrial-revolution/ — Read on mostlyeconomics.wordpress.com/2020/01/30/did-education-play-a-role-in-englands-industrial-revolution/
Yeah so, even as Budget 2020 is waiting to be ripped apart mostly for what it’s projections for the year ahead are, I am worried how little we care about the past when it comes to the budget. Hey, what exactly is budget anyway? Just a simple record of what the government earned and spent [...]
This may become possible if Nobel winners Duflo and Banerjee's efforts are successful. The Massachusetts Institute of Technology is trying the idea in the field of poverty alleviation, hoping that the approach will allow it to enrol students from around the world who have the ability and motivation to succeed but lack the traditional credentials for entry. [...]
Economics professors Arjun Jayadev and Branko Milanovic have collaborated on a video lecture series on Inequality - the five vidoes, free to watch, clearly and succinctly explain what Inequality is all about, why you should care and other fundamentals you have been wondering about for long. It's cut-the-clutter stuff that you shouldn't miss. Watch here: [...]
For a budding economic historian, reading Dietmar Rothermund’s work on India can be an illuminating experience, given that apart from the works of Indian scholars on Indian economic history, Rothermund’s books provide a refreshing view of history. But what can be really special about this veteran historian is his extremely warm demeanour even to those [...]
Gratitude, Kindness, Loveliness https://www.econlib.org/Gratitude_Kindness_Loveliness
Why are Men Detaching from the Labor Force? http://conversableeconomist.blogspot.com/2020/01/why-are-men-detaching-from-labor-force.html
Start the new year by worrying less about things you can’t control and doing something about what you can. Inequality, for example. Photo credit: wikimedia.commons.org It’s a loaded term, alright, but let’s think like economists and see where exactly in our daily lives could we make a difference to mitigate inequality. So here are my [...]
How Medieval Surgeons Shaped Sex and Gender https://daily.jstor.org/how-medieval-surgeons-shaped-sex-and-gender/ Fascinating take on the historical origins of how sex and gender came to be defined, and the role of medical surgeons in it.
Four Reasons Why Millennials Don’t Have Any MoneyThe same forces... https://robertreich.org/post/190130389550 Same is true for India but the Indian media is busy sorting out its own credibility issues. Who has time to look at the real problems.
Second Richest Man Spouts Nonsense https://www.econlib.org/second-richest-man-spouts-nonsense/
Almost every trade expert I speak to has been talking about the great opportunity that the continued US-China trade war offers to India to expand its trade with the US. Its true that global manufacturers reeling under the tariffs imposed by the US govt have begun looking to South and Southeast Asia to shift their [...]
It's the loveliest Twitter thread I discovered in Tyler Cowen's recent blog post. Melissa Kearney, Economics Professor at the University of Maryland, argues that 6 year Econ PhDs are terrible, especially for female students. Tyler goes a step further and says Econ PhDs should be abolished. Instead, he suggests three years of graduate economics education [...]
The Yuan fell to its 11-year low against the US dollar last week. Trump immediately lashed out, calling China a "currency manipulator".
India is roughly 100 days away from its 5G trials and it can't make up its mind on whether Huawei should be invited to the trials.
Machine Learning (ML) is commonly seen as the scientific study of algorithms and statistical models used by computers to perform specific tasks. Considered a subset of artificial intelligence, ML could have game-changing implications for people of the world struggling with language barriers. As we know, Chinese, Spanish and English are the most spoken languages of [...]
I am always intrigued by developments in China, but this piece felt like the disturbing facts have moved closer home in India, especially in the context of what has happened in Jammu and Kashmir in the last few days (I blogged about this here). Imagine being tracked down by the government down to every step [...]
Apologies for being away for almost a week. I have missed you, hope you have too. I had no realization of what significant events my brief interlude from blogging would bring. But while I have been away, Jammu and Kashmir as a state of India don't exist the way it used to. It's now a [...]
I couldn’t resist my curiosity to find out more about TikTok, the social media app that’s bringing the mass following for scores of people from India’s hinterland. Watching all those TikTok people for a couple of days, I am left with an overpowering sense of fatigue. I know I qualify to be judgemental, elitist and [...]
Two reports in the last couple of days underline the impact of movements and decisions in global trade. This NYT report focusses on the impact on the $25 billion garbage industry in India. The crash in the industry is the result of China's surprise cut in garbage imports last year. China buys most of the [...]
The debate over India's GDP numbers (economists are still locking horns over the truth and objectivity in these figures) was back into currency with this Arvind Subramanian piece published in June this year. He said that India may have overstated its GDP figures by 2.5 percentage points every year since 2011. Another insightful piece said [...]
The global economy is not doing well, and trade tensions between the United States and China have a role to play. Even as the rift continues, another conflict I wrote about yesterday also needs early resolution before it snowballs into something big. IMF's World Economic Output Update released earlier this week underlines the fallout of [...]