Journal free access update, enjoy!

https://twitter.com/a_capitalism/status/1288554690251194368

Edith Abbott

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 [...]

Pandemics and Inequality

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 [...]

Notes on Capitalism during Covid times

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 [...]

The Provocative Economist

‘[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. [...]

Pandemic of Inequality Won’t Let Us Breathe

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 [...]

Are Firms Too Risk-Averse?

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

The Understanding Money Mechanics

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 [...]

Share from Mostlyeconomics: Three development paradigms of Indian economy

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/

Link between education and the industrial revolution – Sharing Amol Agarwal’s post

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/

Budget 2020: Past matters but future is raged over

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 [...]

Would you like to go to MIT without clearing college?

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. [...]

Video lecture series on Inequality

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: [...]

Happy birthday to Dietmar Rothermund!

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 [...]

Five Ways You Could Reduce Inequality in Daily Life

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 [...]

CAN INDIA ACT IN TIME?

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 [...]

The Case For No Econ PhD

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 [...]

What Machine Learning has to do with Global Trade

AI, artificial intelligence

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 [...]

The Week That Was: Favorite Reads

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 [...]

The Kashmir Conundrum

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 [...]

Don’t Let TikTok Play You!

tiktok, technology, culture, social media

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 [...]

India’s Garbage and Cycle Industries Are Facing The Heat, Thanks To China

China Trade Free Trade Tariffs

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 [...]

Much Fuss Over GDP But How Do We Measure Happiness?

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 [...]

Yes! US-China Trade War is slowing down the world economy

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 [...]